Civeo (CVEO) President Andrew Fraser Sells 6,657 Shares

What Happened
Andrew Fraser, President, Canada for Civeo Corp (CVEO), had 6,657 phantom shares vest on August 19, 2026. Those vested units were exercised/converted and settled with the issuer for cash at $33.94 per share, resulting in proceeds of $225,939. The Form 4 shows the derivative conversion (exercise of phantom/share-equivalent units) and the disposition to the issuer.

Key Details

• Transaction date: August 19, 2026. Form filed August 20, 2026 (timely).
• Shares/units involved: 6,657 phantom share units vested and were converted.
• Price/amount: Disposition to issuer at $33.94 per share; total cash received $225,939.
• Transaction codes on the Form 4: M (exercise/conversion of derivative) and D (disposition to issuer).
• Shares owned after transaction: Not disclosed in this Form 4.
• Footnote: Each phantom share is the economic equivalent of one common share payable in cash; these units vest at various times and 6,657 vested on Aug 19, 2026.

Context
This was a cash settlement of vested phantom (cash‑settled) share units, not an open‑market stock sale. Such transactions are typically part of compensation or deferred‑pay arrangements and do not necessarily signal a purchase or sale decision in the market. The filing was made promptly the next day.