Brewer Barclay 4

What Happened Brewer Barclay, Chief Accounting Officer of Civeo Corporation (CVEO), received a phantom share award of 6,273 derivative shares on March 5, 2026. The grant was reported as an acquisition (code A) at $0.00 per share (no cash purchase). The filing shows this is a derivative award rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-03-05; Form 4 filed: 2026-03-06 (timely filing).
• Award: 6,273 phantom shares, acquisition price $0.00 (derivative grant).
• Shares owned after transaction: not specified in the provided filing.
• Footnote: Phantom Share Award under the 2014 Equity Participation Plan that vests in equal installments on each of the first three anniversaries of March 5, 2026.
• Transaction code meaning: A = Award/Grant (derivative security).

Context Phantom share awards are a form of equity‑linked compensation that typically track the value of company stock and are paid in stock or cash upon vesting. This grant reflects compensation/retention action by the company rather than an insider buying or selling shares; it does not by itself indicate insider sentiment about the stock.