Fraser Andrew 4

What Happened
Andrew Fraser, President (Canada) of Civeo Corporation (CVEO), received a grant of 5,671 phantom shares on March 5, 2026. The grant was recorded as a derivative award at $0.00 per share (total $0) under the company’s equity plan. This was an award/grant (code A) — not an open-market purchase or sale — and is a form of compensation rather than an immediate trading signal.

Key Details

• Transaction date: March 5, 2026; Form 4 filed March 6, 2026 (timely filing).
• Grant: 5,671 shares; reported price $0.00 (derivative phantom share award).
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: F1 — 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: A = award/grant (not a purchase or sale).

Context
Phantom share awards are typically a form of long‑term compensation that vest over time and may be settled in stock or cash according to plan rules; they do not represent an immediate open‑market purchase or sale. Because this is a compensation grant, it should be interpreted as part of executive pay rather than a direct bullish or bearish trading signal.