Form 4: Civeo Corp Executive McCann Reports Stock Transactions

Peter McCann, SVP of Australia at Civeo Corp, reports the vesting and subsequent disposal of phantom shares, along with a direct disposal of common shares.

Summary

• On March 2, 2025, Peter McCann, SVP of Australia at Civeo Corp, reported transactions involving Civeo Corp's common shares and phantom shares.
• McCann acquired 2,783 common shares through the vesting of phantom shares.
• Simultaneously, McCann disposed of 2,783 common shares at a price of $21.5 per share.
• Following these transactions, McCann directly owns 51,981 common shares.
• McCann also holds 7,667 phantom shares.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This filing is a routine disclosure of insider transactions, providing transparency to the market regarding the actions of company executives. It is a standard practice required by the SEC to prevent insider trading and maintain market integrity.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by a company executive.
• The transactions are unlikely to have a significant impact on employees, customers, suppliers, or creditors.

Key Dates