Form 4: Civeo Corp Executive Peter McCann Reports Stock Transactions

SVP of Australia, Peter McCann, reports the vesting and subsequent disposal of phantom shares, resulting in adjustments to his beneficial ownership of Civeo Corp stock.

Summary

• Peter McCann, SVP of Australia at Civeo Corp, reported transactions involving phantom shares.
• On February 23, 2024, 2,099 phantom shares vested and were subsequently disposed of at a price of $22.4 per share.
• On February 25, 2024, another 3,368 phantom shares vested and were disposed of at the same price.
• These transactions changed McCann's direct ownership of common shares from 52,714 to 50,615 on February 23, 2024, and then from 53,983 to 50,615 on February 25, 2024.
• Following these transactions, McCann directly owns 10,936 phantom shares from the February 23 transaction and 7,568 phantom shares from the February 25 transaction.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions, and carries a neutral sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.

Key Dates