Civeo Corp
For the period ended Mar 31, 2024. Filed Apr 26, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 26, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 1A. Risk Factors
For additional information about our risk factors, you should carefully read the section entitled "Risk Factors” included in our Annual Report on Form 10-K for the year ended December 31, 2023.
The following table provides information about purchases of our common shares during the three months ended March 31, 2024.
| Total Number of Shares Purchased · Average Price Paid per Share · Total number of shares purchased as part of publicly announced plans or programs · Maximum number of shares that may be purchased under the plans or programs | ||||||
|---|---|---|---|---|---|---|
| January 1, 2024 - January 31, 2024 | 10,314 | (1) | $21.50 | 10,314 | 569,223 | |
| February 1, 2024 - February 29, 2024 | 47,399 | (2) | $22.51 | (3) | — | — |
| March 1, 2024 - March 31, 2024 | 122,750 | (1) | $24.30 | 122,750 | 446,473 | |
| Total | 180,463 | $23.67 | 133,064 | 446,473 | ||
(1)In August 2023, our Board of Directors authorized a common share repurchase program, which expires in August 2024, to repurchase up to 5.0% of our total common shares which were issued and outstanding at the time of approval, or 742,134 common shares, over a twelve month period. We repurchased an aggregate of 133,064 of our common shares outstanding for approximately $3.2 million during the three months ended March 31, 2024.
(2)Consists of shares surrendered to us by participants in our 2014 Equity Participation Plan to settle the participants' personal tax liabilities that resulted from the lapsing of restrictions on shares awarded to the participants under the plan.
(3)The price paid per share was based on the closing price of our common shares on February 22, 2024, the respective date as of which the restrictions lapsed on such shares.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.