Gerry Elbridge Collin 4

What Happened Gerry Elbridge Collin, Civeo Corporation's Senior VP, Chief Financial Officer and Treasurer, was granted a phantom share award of 6,515 units on March 5, 2026. The award was reported as a derivative acquisition at $0.00 per unit (no cash exchanged at grant). This is an equity compensation award, not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-03-05; filing date: 2026-03-06 (filed the next day).
• Award: 6,515 phantom shares; reported acquisition price $0.00 (derivative award).
• Shares owned after transaction: not specified in the Form 4 filing.
• Footnote: Award is a 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.
• Filing timeliness: appears timely (filed within one day).

Context Phantom share awards are a form of deferred or synthetic equity that typically settle in stock or cash when they vest; they do not represent an immediate open-market purchase or sale. Vesting over three years indicates a retention/compensation element rather than a market timing signal. For retail investors, awards like this are routine executive compensation and should be considered alongside other insider activity and company performance.