Peter McCann - 22 Feb 2024 Form 4 Insider Report for Civeo Corp (CVEO)

Role: SVP, Australia
Signature: /s/ Peter McCann, by Bradley J. Dodson, Attorney-in-Fact
Issuer symbol: CVEO
Transactions as of: 22 Feb 2024
Net transactions value: -$84,142
Form type: 4
Filing time: 26 Feb 2024, 21:29:11 UTC
Previous filing: 27 Feb 2023
Next filing: 27 Feb 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CVEO	Common Shares	Options Exercise		+3,738	+9.4%		43,476	22 Feb 2024	Direct	F1
transaction	CVEO	Common Shares	Disposed to Issuer	$84,142	-3,738	-8.6%	$22.51	39,738	22 Feb 2024	Direct
transaction	CVEO	Common Shares	Award	$0	+10,877	+27%	$0.000000	50,615	22 Feb 2024	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CVEO	Phantom Shares	Options Exercise	$0	-3,738	-22%	$0.000000	13,035	22 Feb 2024	Common Shares	3,738		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each phantom share was the economic equivalent of one Civeo common share and is payable in cash. The phantom shares vest at various times based on the grant date. 3,738 shares vested on February 22, 2024.
F2	Settlement of performance share award under the 2014 Equity Participation Plan of Civeo Corporation that cliff vested at 97% on the third anniversary of February 22, 2021.