0001590584 2022-01-01 2022-12-31 0001590584 2021-01-01 2021-12-31 0001590584 2020-01-01 2020-12-31 0001590584 cveo:EquityAwardsGrantedDuringTheYearMember ecd:PeoMember 2022-01-01 2022-12-31 0001590584 cveo:EquityAwardsGrantedDuringTheYearUnvestedMember ecd:PeoMember 2022-01-01 2022-12-31 0001590584 cveo:EquityAwardsGrantedInPriorYearsMember ecd:PeoMember 2022-01-01 2022-12-31 0001590584 cveo:EquityAwardsGrantedInPriorYearsVestedMember ecd:PeoMember 2022-01-01 2022-12-31 0001590584 cveo:EquityAwardsGrantedDuringTheYearMember ecd:PeoMember 2021-01-01 2021-12-31 0001590584 cveo:EquityAwardsGrantedDuringTheYearUnvestedMember ecd:PeoMember 2021-01-01 2021-12-31 0001590584 cveo:EquityAwardsGrantedInPriorYearsMember ecd:PeoMember 2021-01-01 2021-12-31 0001590584 cveo:EquityAwardsGrantedInPriorYearsVestedMember ecd:PeoMember 2021-01-01 2021-12-31 0001590584 cveo:EquityAwardsGrantedDuringTheYearMember ecd:PeoMember 2020-01-01 2020-12-31 0001590584 cveo:EquityAwardsGrantedDuringTheYearUnvestedMember ecd:PeoMember 2020-01-01 2020-12-31 0001590584 cveo:EquityAwardsGrantedInPriorYearsMember ecd:PeoMember 2020-01-01 2020-12-31 0001590584 cveo:EquityAwardsGrantedInPriorYearsVestedMember ecd:PeoMember 2020-01-01 2020-12-31 0001590584 cveo:EquityAwardsGrantedDuringTheYearMember ecd:NonPeoNeoMember 2022-01-01 2022-12-31 0001590584 cveo:EquityAwardsGrantedDuringTheYearUnvestedMember ecd:NonPeoNeoMember 2022-01-01 2022-12-31 0001590584 cveo:EquityAwardsGrantedInPriorYearsMember ecd:NonPeoNeoMember 2022-01-01 2022-12-31 0001590584 cveo:EquityAwardsGrantedInPriorYearsVestedMember ecd:NonPeoNeoMember 2022-01-01 2022-12-31 0001590584 cveo:EquityAwardsGrantedDuringTheYearMember ecd:NonPeoNeoMember 2021-01-01 2021-12-31 0001590584 cveo:EquityAwardsGrantedDuringTheYearUnvestedMember ecd:NonPeoNeoMember 2021-01-01 2021-12-31 0001590584 cveo:EquityAwardsGrantedInPriorYearsMember ecd:NonPeoNeoMember 2021-01-01 2021-12-31 0001590584 cveo:EquityAwardsGrantedInPriorYearsVestedMember ecd:NonPeoNeoMember 2021-01-01 2021-12-31 0001590584 cveo:EquityAwardsGrantedDuringTheYearMember ecd:NonPeoNeoMember 2020-01-01 2020-12-31 0001590584 cveo:EquityAwardsGrantedDuringTheYearUnvestedMember ecd:NonPeoNeoMember 2020-01-01 2020-12-31 0001590584 cveo:EquityAwardsGrantedInPriorYearsMember ecd:NonPeoNeoMember 2020-01-01 2020-12-31 0001590584 cveo:EquityAwardsGrantedInPriorYearsVestedMember ecd:NonPeoNeoMember 2020-01-01 2020-12-31 0001590584 1 2022-01-01 2022-12-31 0001590584 2 2022-01-01 2022-12-31 0001590584 3 2022-01-01 2022-12-31 0001590584 4 2022-01-01 2022-12-31 iso4217:USD Civeo Corporation 0001590584 DEF 14A false As discussed in the CD&A above, our Compensation Committee has implemented an executive compensation program designed to link a substantial portion of our NEOs' realized compensation to the achievement of our financial, operational, and strategic objectives, and to align our executive pay with changes in the value of our shareholders’ investments. The following table sets forth additional compensation information for our NEOs, calculated in accordance with SEC regulations, for each of the three years ended December 31, 2022.TSR represents cumulative TSR as at December 31, 2022.The following list includes the most important financial and non-financial measures used to link executive compensation and Civeo's performance during the year ended December 31, 2022. <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:82.183%"><tr><td style="width:1.0%"/><td style="width:5.018%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.723%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.389%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.723%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.389%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.723%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.389%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.723%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.389%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.723%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.165%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.723%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.340%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.499%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.723%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.816%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.723%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.122%"/><td style="width:0.1%"/></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"/><td colspan="6" rowspan="2" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Summary Compensation Table Total for Mr. Dodson</td><td colspan="6" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right">Compensation Actually Paid to Mr. Dodson (1)</div></td><td colspan="6" rowspan="2" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Average Summary Compensation Table Total for other NEOs</td><td colspan="6" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right">Average Compensation Actually Paid to other NEOs (1) </div></td><td colspan="12" style="border-bottom:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Value of Initial Fixed $100 Investment Based On:</td><td colspan="3" style="padding:0 1pt"/><td colspan="12" style="border-bottom:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Financial Performance Measures ($'s in thousands):</td></tr><tr style="height:39pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Year</td><td colspan="6" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right">Total Shareholder Return (2)</div></td><td colspan="6" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right">Peer Group(3) Total Shareholder Return</div></td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Net income</td><td colspan="6" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right">Adjusted EBITDA (4)</div></td></tr><tr><td colspan="3" style="border-top:1.5pt solid #006db6;padding:2px 1pt;text-align:left;vertical-align:top">2022</td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="border-top:1.5pt solid #006db6;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">4,717,785 </td><td style="border-top:1.5pt solid #006db6;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="border-top:1.5pt solid #006db6;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">7,588,418 </td><td style="border-top:1.5pt solid #006db6;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="border-top:1.5pt solid #006db6;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">1,479,626 </td><td style="border-top:1.5pt solid #006db6;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="border-top:1.5pt solid #006db6;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">2,103,054 </td><td style="border-top:1.5pt solid #006db6;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="border-top:1.5pt solid #006db6;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">201 </td><td style="border-top:1.5pt solid #006db6;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="border-top:1.5pt solid #006db6;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">107 </td><td style="border-top:1.5pt solid #006db6;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="border-top:1.5pt solid #006db6;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">3,997 </td><td style="border-top:1.5pt solid #006db6;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="border-top:1.5pt solid #006db6;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">112,769 </td><td style="border-top:1.5pt solid #006db6;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top">2021</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">5,058,691 </td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">5,758,550 </td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">1,419,852 </td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">1,553,294 </td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">124 </td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">67 </td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">1,350 </td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">109,140 </td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top">2020</td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">2,970,075 </td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">3,119,918 </td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">902,522 </td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">948,035 </td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">90 </td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">57 </td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(134,250)</td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">108,142 </td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr></table> 4717785 7588418 1479626 2103054 201 107

3997000

112769000 5058691 5758550 1419852 1553294 124 67

1350000

109140000 2970075 3119918 902522 948035 90 57

-134250000

108142000 Amounts represent compensation “actually paid” to our Principal Executive Officer ("PEO"), Mr. Dodson, and the average compensation actually paid to our remaining NEOs for the relevant fiscal year, as determined under SEC rules (and described below), which includes the individuals indicated in the table below for each fiscal year: <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:66.091%"><tr><td style="width:1.0%"/><td style="width:6.726%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:23.247%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:66.727%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Year</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right">PEO</div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right">other NEO's</div></td></tr><tr><td colspan="3" style="border-top:1.5pt solid #006db6;padding:2px 1pt;text-align:left;vertical-align:top">2022</td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:2px 1pt;text-align:right;vertical-align:bottom">Bradley J. Dodson</td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:2px 1pt;text-align:right;vertical-align:bottom">Carolyn J. Stone, Peter L. McCann and Allan D. Schoening</td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top">2021</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:bottom">Bradley J. Dodson</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:bottom">Carolyn J. Stone, Peter L. McCann and Allan D. Schoening</td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top">2020</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:bottom">Bradley J. Dodson</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:bottom">Carolyn J. Stone, Peter L. McCann and Allan D. Schoening</td></tr></table> Bradley J. Dodson Bradley J. Dodson Bradley J. Dodson <div style="margin-bottom:6pt;margin-top:6pt;padding-left:13.5pt">Compensation actually paid to our NEOs represents the “Total” compensation reported in the Summary Compensation Table for the applicable fiscal year, adjusted as set forth in the table below, in accordance with SEC rules. The dollar amounts shown do not reflect the value of compensation actually received by our NEOs during the applicable year. Instead, the dollar amounts include the values (or changes in value) of unvested and vested equity awards during the applicable year based on year-end share prices, various accounting valuation assumptions and projected performance related to our performance-based shares. "Compensation actually paid", determined in accordance with SEC rules, will generally fluctuate due to share price achievement and varying levels of projected and actual achievement of performance goals applicable to our performance-based shares. For a discussion of how our Compensation Committee assesses performance and our NEOs' pay each year, please see the Summary Compensation Table for the applicable fiscal years. </div><div style="margin-bottom:6pt;margin-top:6pt"> </div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:86.063%"><tr><td style="width:1.0%"/><td style="width:7.581%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.636%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.753%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.636%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.636%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.753%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.636%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.636%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.753%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.636%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.636%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.753%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.636%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.636%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.753%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.636%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.636%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.758%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="border-bottom:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">(minus)</td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="border-bottom:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">plus / (minus)</td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="border-bottom:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">plus / (minus)</td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="border-bottom:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">plus / (minus)</td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="border-bottom:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">equals</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Year</td><td colspan="6" style="border-bottom:1.5pt solid #006db6;padding:2px 1pt;text-align:right;vertical-align:bottom">Summary Compensation Table Total</td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Grant Date Fair Value of Stock Awards Granted in Fiscal Year</td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Fair Value at Fiscal Year-End of Outstanding and Unvested Stock Awards Granted in Fiscal Year</td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Change in Fair Value of Outstanding and Unvested Stock Awards Granted in Prior Fiscal Year</td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Change in Fair Value as of Vesting Date of Stock Awards Granted in Prior Years for which Applicable Vesting Conditions were Satisfied During Fiscal Year</td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Compensation Actually Paid</td></tr><tr><td colspan="9" style="border-top:1.5pt solid #006db6;padding:2px 1pt;text-align:left;vertical-align:bottom">Mr. Dodson</td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">2022</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">4,717,785 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(2,839,301)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">3,925,693 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">1,465,192 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">319,049 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">7,588,418 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top">2021</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">5,058,691 </td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(2,960,437)</td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">2,799,345 </td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">410,203 </td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">450,748 </td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">5,758,550 </td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top">2020</td><td colspan="3" style="border-bottom:1.5pt solid #006db6;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="border-bottom:1.5pt solid #006db6;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">2,970,075 </td><td style="border-bottom:1.5pt solid #006db6;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(1,256,255)</td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">1,102,392 </td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">47,291 </td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">256,415 </td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">3,119,918 </td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="9" style="border-top:1.5pt solid #006db6;padding:2px 1pt;text-align:left;vertical-align:top">Average of other NEOs</td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">2022</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">1,479,626 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(667,827)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">923,364 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">305,863 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">62,028 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">2,103,054 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top">2021</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">1,419,852 </td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(636,429)</td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">601,798 </td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">76,792 </td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">91,281 </td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">1,553,294 </td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top">2020</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">902,522 </td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(233,740)</td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">205,110 </td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">9,255 </td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">64,888 </td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">948,035 </td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr></table></div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:13.5pt">Adjustments for stock options are not included as the NEOs do not have any outstanding options, and Civeo has not issued any options since it became an independent, publicly traded company in 2014. Adjustments for pension plans are not included as the Company does not offer a pension plan for which the NEOs are eligible.</div> <div style="margin-bottom:6pt;margin-top:6pt;padding-left:13.5pt">Compensation actually paid to our NEOs represents the “Total” compensation reported in the Summary Compensation Table for the applicable fiscal year, adjusted as set forth in the table below, in accordance with SEC rules. The dollar amounts shown do not reflect the value of compensation actually received by our NEOs during the applicable year. Instead, the dollar amounts include the values (or changes in value) of unvested and vested equity awards during the applicable year based on year-end share prices, various accounting valuation assumptions and projected performance related to our performance-based shares. "Compensation actually paid", determined in accordance with SEC rules, will generally fluctuate due to share price achievement and varying levels of projected and actual achievement of performance goals applicable to our performance-based shares. For a discussion of how our Compensation Committee assesses performance and our NEOs' pay each year, please see the Summary Compensation Table for the applicable fiscal years. </div><div style="margin-bottom:6pt;margin-top:6pt"> </div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:86.063%"><tr><td style="width:1.0%"/><td style="width:7.581%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.636%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.753%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.636%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.636%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.753%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.636%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.636%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.753%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.636%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.636%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.753%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.636%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.636%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.753%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.636%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.636%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.758%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="border-bottom:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">(minus)</td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="border-bottom:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">plus / (minus)</td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="border-bottom:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">plus / (minus)</td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="border-bottom:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">plus / (minus)</td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="border-bottom:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">equals</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Year</td><td colspan="6" style="border-bottom:1.5pt solid #006db6;padding:2px 1pt;text-align:right;vertical-align:bottom">Summary Compensation Table Total</td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Grant Date Fair Value of Stock Awards Granted in Fiscal Year</td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Fair Value at Fiscal Year-End of Outstanding and Unvested Stock Awards Granted in Fiscal Year</td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Change in Fair Value of Outstanding and Unvested Stock Awards Granted in Prior Fiscal Year</td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Change in Fair Value as of Vesting Date of Stock Awards Granted in Prior Years for which Applicable Vesting Conditions were Satisfied During Fiscal Year</td><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Compensation Actually Paid</td></tr><tr><td colspan="9" style="border-top:1.5pt solid #006db6;padding:2px 1pt;text-align:left;vertical-align:bottom">Mr. Dodson</td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">2022</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">4,717,785 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(2,839,301)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">3,925,693 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">1,465,192 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">319,049 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">7,588,418 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top">2021</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">5,058,691 </td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(2,960,437)</td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">2,799,345 </td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">410,203 </td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">450,748 </td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">5,758,550 </td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top">2020</td><td colspan="3" style="border-bottom:1.5pt solid #006db6;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="border-bottom:1.5pt solid #006db6;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">2,970,075 </td><td style="border-bottom:1.5pt solid #006db6;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(1,256,255)</td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">1,102,392 </td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">47,291 </td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">256,415 </td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">3,119,918 </td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="9" style="border-top:1.5pt solid #006db6;padding:2px 1pt;text-align:left;vertical-align:top">Average of other NEOs</td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">2022</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">1,479,626 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(667,827)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">923,364 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">305,863 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">62,028 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">2,103,054 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top">2021</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">1,419,852 </td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(636,429)</td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">601,798 </td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">76,792 </td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">91,281 </td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">1,553,294 </td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top">2020</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">902,522 </td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(233,740)</td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">205,110 </td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">9,255 </td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">64,888 </td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">948,035 </td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr></table></div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:13.5pt">Adjustments for stock options are not included as the NEOs do not have any outstanding options, and Civeo has not issued any options since it became an independent, publicly traded company in 2014. Adjustments for pension plans are not included as the Company does not offer a pension plan for which the NEOs are eligible.</div> 4717785 -2839301 3925693 1465192 319049 7588418 5058691 -2960437 2799345 410203 450748 5758550 2970075 -1256255 1102392 47291 256415 3119918 1479626 -667827 923364 305863 62028 2103054 1419852 -636429 601798 76792 91281 1553294 902522 -233740 205110 9255 64888 948035 For the relevant fiscal year, represents the cumulative TSR (the "Peer Group TSR") of the PHLX Oil Service Sector Index. Adjusted EBITDA is a non-GAAP measure. Please see the Appendix for further information including a reconciliation of Adjusted EBITDA to the nearest GAAP measure. Adjusted EBITDA <div style="margin-bottom:6pt;margin-top:6pt">The following provides a graphical depiction of the relationships between compensation actually paid to our PEO and the average of the compensation actually paid to our remaining NEOs, with our cumulative TSR and our Peer Group TSR, for each of the three years in the period ended December 31, 2022. TSR amounts reported in the graph assume an initial fixed investment of $100, and that all dividends, if any, were reinvested.</div><div style="margin-bottom:6pt;margin-top:6pt"><img alt="cveo-20230331_g99.jpg" src="cveo-20230331_g99.jpg" style="height:349px;margin-bottom:5pt;vertical-align:text-bottom;width:696px"/></div><div>As seen above, Civeo has delivered strong financial and operational performance leading to an increase in cumulative TSR that far exceeds its peers, returning 101% from the beginning of 2020 to the end of 2022, whereas its peers have average returns of 7% during the same time period. As the majority of PEO and non-PEO NEO compensation is at risk and tracks financial and operational performance and shareholder experience, compensation values have also seen a commensurate increase during the performance period.</div> The following charts compare each of our key financial results for the last three fiscal years to compensation actually paid to our PEO and, on average, to our other NEOs for each of the three fiscal years in the period ended December 31, 2022. <img alt="cveo-20230331_g100.jpg" src="cveo-20230331_g100.jpg" style="height:328px;margin-bottom:5pt;vertical-align:text-bottom;width:696px"/> <img alt="cveo-20230331_g101.jpg" src="cveo-20230331_g101.jpg" style="height:349px;margin-bottom:5pt;vertical-align:text-bottom;width:696px"/>As shown above, adjusted EBITDA and Net Income have followed an upward trajectory from 2020 to 2022. Net Income has risen by $135 million over the past three years. Adjusted EBITDA has also grown from $108 million to $113 million during this time period. Adjusted EBITDA<div style="margin-bottom:4pt;margin-top:4pt;padding-left:49.5pt;text-indent:-10.8pt">•Operating cash flow</div><div style="margin-bottom:4pt;margin-top:4pt;padding-left:49.5pt;text-indent:-10.8pt">•Net leverage ratio</div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:49.5pt;text-indent:-10.8pt">•Safety - TRIR</div> Adjusted EBITDA Operating cash flow Net leverage ratio Safety - TRIR