Form 4: Civeo Corp Executive McCann Reports Share Transactions
SEC Form 4 Filing
Peter McCann, SVP of Australia at Civeo Corp, reports the vesting and disposal of phantom shares and the acquisition of common shares through a performance share award.
Summary
- Peter McCann, a Senior Vice President at Civeo Corp, filed a Form 4 detailing changes in beneficial ownership.
- On February 25, 2025, McCann vested 3,369 phantom shares, which were then disposed of at a price of $26.96 per share.
- Also on February 25, 2025, McCann acquired 6,586 common shares through the settlement of a performance share award under the 2014 Equity Participation Plan.
- Following these transactions, McCann directly owns 51,981 common shares and 10,450 phantom shares.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, and does not inherently convey positive or negative sentiment. It's a factual report of ownership changes.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is a common practice in publicly traded companies. It provides transparency to investors regarding the trading activities of company insiders.
Key Dates
| Date | Description |
|---|---|
| 02/25/2022 | Grant date of performance share award that cliff vested at 65% on the third anniversary. |
| 02/25/2025 | Date of transactions: vesting and disposal of phantom shares, and acquisition of common shares through performance share award. |
| 02/27/2025 | Date of signature on the Form 4 filing. |
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