Form 4: Civeo Corp Executive Peter McCann Reports Share Transactions

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

Summary

• Peter McCann, SVP of Australia at Civeo Corp, filed a Form 4 detailing changes in beneficial ownership.
• On February 23, 2025, 2,099 phantom shares vested and were converted into cash.
• McCann also disposed of 2,099 common shares at a price of $27.31 per share.
• Following these transactions, McCann directly owns 45,395 common shares and 13,819 phantom shares.
• The phantom shares are the economic equivalent of Civeo common shares and are payable in cash.

Sentiment

Score: 5

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

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the executive's transactions in company stock, which can be of interest to investors.

Stakeholder Impact

• Shareholders may be interested in the transactions of company insiders as an indicator of management's confidence in the company.

Key Dates

Keywords

Form 4, Beneficial Ownership, Civeo Corp, Share Transactions, Peter McCann, Phantom Shares, Common Shares