LAMBERT MARTIN 4

What Happened
Martin Lambert, a director of Civeo Corporation (CVEO), received an award of 3,624 restricted common shares on May 27, 2026. The grant was reported as an acquisition (transaction code A) at $0.00 per share (no cash paid), for a total reported value of $0. This is a compensation award to Lambert rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-27; reported on Form 4 filed the same day.
• Transaction type/code: Grant/Award (A). Price reported: $0.00 per share.
• Shares acquired: 3,624 restricted common shares. Total reported value at grant: $0.
• Shares owned after transaction: Not specified in this filing.
• Footnote: Award is a restricted common share grant under Civeo’s Amended and Restated 2014 Equity Participation Plan; vests on the earlier of one year from May 27, 2026 or the next annual shareholders’ meeting.
• Timeliness: Filing appears timely (transaction date and period of report both 2026-05-27).

Context
Restricted share awards are a common form of director compensation and vest over time; they are not an immediate open-market purchase or sale and therefore don’t directly signal a near-term trading intent. The vesting schedule limits Lambert’s ability to sell these shares until the award vests.