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 acquiring 8,350 phantom shares and disposing of an unspecified amount on March 2, 2024.
Summary
- Peter McCann, SVP of Australia at Civeo Corp, filed a Form 4 detailing changes in beneficial ownership.
- On March 2, 2024, McCann acquired 8,350 phantom shares under the 2014 Equity Participation Plan.
- The phantom shares vest in equal installments over three years, starting March 2, 2024.
- McCann also disposed of an unspecified amount of phantom shares.
- Following these transactions, McCann beneficially owns 15,918 phantom shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 03/02/2024 | Date of phantom share acquisition and disposal |
| 03/02/2024 | Vesting start date for phantom shares |
| 03/05/2024 | Date of signature on the Form 4 filing |
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