0001590584 2023-01-01 2023-12-31 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 2023-01-01 2023-12-31 0001590584 cveo:EquityAwardsGrantedDuringTheYearUnvestedMember ecd:PeoMember 2023-01-01 2023-12-31 0001590584 cveo:EquityAwardsGrantedInPriorYearsMember ecd:PeoMember 2023-01-01 2023-12-31 0001590584 cveo:EquityAwardsGrantedInPriorYearsVestedMember ecd:PeoMember 2023-01-01 2023-12-31 0001590584 cveo:EquityAwardsGrantedDuringTheYearMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001590584 cveo:EquityAwardsGrantedDuringTheYearUnvestedMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001590584 cveo:EquityAwardsGrantedInPriorYearsMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001590584 cveo:EquityAwardsGrantedInPriorYearsVestedMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001590584 1 2023-01-01 2023-12-31 0001590584 2 2023-01-01 2023-12-31 0001590584 3 2023-01-01 2023-12-31 0001590584 4 2023-01-01 2023-12-31 iso4217:USD 0001590584 DEF 14A false Civeo Corporation <div style="margin-bottom:6pt;margin-top:6pt">As discussed in the Compensation Discussion and Analysis 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 2020 through 2023.</div>TSR represents cumulative TSR on an initial base investment of $100 for the measurement periods beginning on December 31, 2019 and ending on December 31 of each of 2020, 2021, 2022 and 2023.<div style="margin-bottom:6pt;margin-top:6pt">The following list includes the most important financial and non-financial measures used to link executive compensation and Civeo's performance during the fiscal year ended December 31, 2023.</div> <div style="text-align:center"><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><td style="width:5.018%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.723%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.389%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.723%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.389%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.723%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.389%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.723%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.389%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.723%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.165%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.723%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.340%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.499%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.723%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.816%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.723%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.122%"></td><td style="width:0.1%"></td></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"></td><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 $100 Investment Based On:</td><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="border-bottom:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Financial Performance Measures ($'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><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">2023</td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="border-top:1.5pt solid #006db6;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">6,311,862 </td><td style="border-top:1.5pt solid #006db6;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="border-top:1.5pt solid #006db6;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">2,111,457 </td><td style="border-top:1.5pt solid #006db6;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="border-top:1.5pt solid #006db6;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">1,743,879 </td><td style="border-top:1.5pt solid #006db6;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="border-top:1.5pt solid #006db6;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">799,567 </td><td style="border-top:1.5pt solid #006db6;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="border-top:1.5pt solid #006db6;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">151 </td><td style="border-top:1.5pt solid #006db6;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="border-top:1.5pt solid #006db6;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">115 </td><td style="border-top:1.5pt solid #006db6;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="border-top:1.5pt solid #006db6;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">30,157 </td><td style="border-top:1.5pt solid #006db6;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="border-top:1.5pt solid #006db6;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">102,034 </td><td style="border-top:1.5pt solid #006db6;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top">2022</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">4,717,785 </td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">7,588,418 </td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">1,479,626 </td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">2,103,054 </td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">201 </td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">113 </td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">3,997 </td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">112,769 </td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></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:top">$</td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">5,058,691 </td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top">$</td><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><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">1,419,852 </td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top">$</td><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><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">124 </td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">70 </td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">1,350 </td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top">$</td><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"></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 #000;padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">2,970,075 </td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:top">$</td><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><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">902,522 </td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:top">$</td><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><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">90 </td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">58 </td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(134,250)</td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:top">$</td><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"></td></tr></table></div> 6311862 2111457 1743879 799567 151 115

30157000

102034000 4717785 7588418 1479626 2103054 201 113

3997000

112769000 5058691 5758550 1419852 1553294 124 70

1350000

109140000 2970075 3119918 902522 948035 90 58

-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 for 2023 below), which includes the individuals indicated in the table below for each fiscal year: <div style="margin-bottom:6pt;margin-top:6pt;padding-left:50.4pt;text-indent:3.6pt"><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><td style="width:6.726%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.247%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:66.727%"></td><td style="width:0.1%"></td></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 NEOs</div></td></tr><tr><td colspan="3" style="border-top:1.5pt solid #006db6;padding:2px 1pt;text-align:left;vertical-align:top">2023</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">2022</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">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></div> Bradley J. Dodson Bradley J. Dodson Bradley J. Dodson Bradley J. Dodson <div style="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, vesting date 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 Compensation Discussion and Analysis in the annual proxy statement for each of 2021 through 2024. </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:87.356%"><tr><td style="width:1.0%"></td><td style="width:7.452%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.609%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.577%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.609%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.609%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.577%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.609%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.609%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.577%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.609%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.609%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.577%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.609%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.609%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.057%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.609%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.609%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.584%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><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><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><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><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><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><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 Reported in Summary Compensation Table</td><td colspan="3" style="padding:0 1pt"></td><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><td colspan="6" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Change in Fair Value from Prior Fiscal Year-End to Current Fiscal Year-End of Outstanding and Unvested Stock Awards Granted in Prior Fiscal Years</td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Change in Fair Value from Prior Fiscal Year-End to 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><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><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">2023</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">6,311,862 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(2,811,698)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">1,576,080 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(2,976,510)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">11,723 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">2,111,457 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></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><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top">2023</td><td colspan="3" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">1,743,879 </td><td style="border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(627,764)</td><td style="border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">351,884 </td><td style="border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(671,016)</td><td style="border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">2,584 </td><td style="border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">799,567 </td><td style="border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:6pt">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="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, vesting date 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 Compensation Discussion and Analysis in the annual proxy statement for each of 2021 through 2024. </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:87.356%"><tr><td style="width:1.0%"></td><td style="width:7.452%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.609%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.577%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.609%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.609%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.577%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.609%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.609%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.577%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.609%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.609%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.577%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.609%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.609%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.057%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.609%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.609%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.584%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><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><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><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><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><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><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 Reported in Summary Compensation Table</td><td colspan="3" style="padding:0 1pt"></td><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><td colspan="6" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Change in Fair Value from Prior Fiscal Year-End to Current Fiscal Year-End of Outstanding and Unvested Stock Awards Granted in Prior Fiscal Years</td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Change in Fair Value from Prior Fiscal Year-End to 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><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><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">2023</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">6,311,862 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(2,811,698)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">1,576,080 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(2,976,510)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">11,723 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">2,111,457 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></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><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #006db6;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top">2023</td><td colspan="3" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">1,743,879 </td><td style="border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(627,764)</td><td style="border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">351,884 </td><td style="border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(671,016)</td><td style="border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">2,584 </td><td style="border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:top">$</td><td colspan="2" style="border-bottom:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">799,567 </td><td style="border-bottom:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:6pt">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> 6311862 -2811698 1576080 -2976510 11723 2111457 1743879 -627764 351884 -671016 2584 799567 For each 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 Appendix B for further information including a reconciliation of Adjusted EBITDA to the most comparable 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, and our cumulative TSR and Peer Group TSR, for each of the four years in the period ended December 31, 2023. 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="P4P1a.jpg" src="cveo-20240411_g97.jpg" style="height:344px;margin-bottom:5pt;vertical-align:text-bottom;width:662px"/></div>As seen above, Civeo has delivered strong financial and operational performance leading to cumulative TSR that exceeds its peers, returning 51% from the beginning of 2020 to the end of 2023, whereas its peers have average returns of 15% during the same time period. <div style="margin-bottom:6pt;margin-top:6pt">The following charts compare each of our key financial results to compensation actually paid to our PEO and, on average, to our other NEOs, as compared to the Company's net income and adjusted EBITDA, for each of the four fiscal years in the period ended December 31, 2023. </div><div style="margin-bottom:6pt;margin-top:6pt"> <img alt="P4P2a.jpg" src="cveo-20240411_g98.jpg" style="height:344px;margin-bottom:5pt;vertical-align:text-bottom;width:662px"/></div> <img alt="P4P3.jpg" src="cveo-20240411_g99.jpg" style="height:343px;margin-bottom:5pt;vertical-align:text-bottom;width:662px"/> 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">•Relative TSR</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 Relative TSR Safety - TRIR