Form 4: Civeo Corp SVP, Canada, Allan Schoening, Reports Acquisition of Phantom Shares
SEC Form 4 Filing
Allan Schoening, SVP of Canada at Civeo Corp, reports the acquisition of 24,246 phantom shares on March 2, 2024, according to a Form 4 filing.
Summary
- On March 2, 2024, Allan Schoening, SVP of Canada at Civeo Corp, acquired 24,246 phantom shares.
- These phantom shares vest in equal installments on the first two anniversaries of March 2, 2024.
- Following the transaction, Schoening directly owns 34,957 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to executive compensation, indicating a neutral sentiment.
Future Outlook
The phantom shares will vest in equal installments on each of the first two anniversaries of March 2, 2024.
Industry Context
This filing reflects routine executive compensation practices within publicly traded companies, where equity-based awards like phantom shares are used to align management's interests with those of shareholders.
Stakeholder Impact
- The vesting of phantom shares aligns management's interests with those of shareholders, potentially incentivizing performance.
Key Dates
| Date | Description |
|---|---|
| 03/02/2024 | Date of earliest transaction: Allan Schoening acquired 24,246 phantom shares. |
| 03/02/2024 | Vesting start date for phantom shares, with equal installments on the first two anniversaries. |
| 03/05/2024 | Date of signature for the Form 4 filing. |
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