Form 4: Civeo Corp Executive McCann Reports Acquisition and Disposal of Phantom Shares
SEC Form 4 Filing
Peter McCann, SVP of Australia at Civeo Corp, reports the acquisition and disposal of phantom shares related to the company's 2014 Equity Participation Plan.
Summary
- On March 3, 2025, Peter McCann, SVP of Australia at Civeo Corp, reported transactions involving phantom shares.
- McCann acquired 6,627 phantom shares under the 2014 Equity Participation Plan.
- Simultaneously, McCann disposed of 6,627 phantom shares.
- Following these transactions, McCann beneficially owns 14,294 phantom shares.
- The phantom shares vest in equal installments on each of the first three anniversaries of March 3, 2025.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives.
Stakeholder Impact
- Shareholders are informed about the transactions of a key executive, providing transparency into insider activity.
- Employees participating in the Equity Participation Plan may be interested in the details of the phantom share transactions.
Key Dates
| Date | Description |
|---|---|
| 03/03/2025 | Date of phantom share acquisition and disposal. |
| 03/03/2025 | Vesting start date for phantom shares. |
| 03/05/2025 | Date of signature for the report. |
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