Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-09-23

Civeo (CVEO)

CEO Bradley Dodson was paid $3,775,348 in fiscal year 2025, ↓ down 2.9% from fiscal year 2024, the 30th percentile of its disclosed peer group (SEC filing 0001590584-26-000035 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$3,775,348 ↓
Bradley Dodson total, FY2025
30th
CEO pay percentile vs peers
66:1
CEO-to-median pay ratio
99.6%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Bradley Dodson (President and Chief Executive Officer), FY2025 total compensation $3,775,348 (base salary $750,000) [exec_comp, SEC accession 0001590584-26-000035, filed 2026-04-13]

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CVEO's next annual pay disclosure, estimated April 15, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Bradley Dodson$750,000—$2,569,485$0$435,375$0$20,488$3,775,348
President and Chief Executive Officer
E. Collin Gerry380,0000582,9420143,383016,4611,122,786
Senior Vice President, Chief Financial Officer and Treasurer
Peter McCann322,400—478,4740195,991018,9381,015,803
Senior Vice President, Australia
Andrew Fraser357,8000531,6280105,945020,2091,015,582
Senior Vice President, Canada

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Bradley Dodson$3,775,348$3,887,328$6,311,862↓ −111,980
E. Collin Gerry1,122,7861,382,481—↓ −259,695
Peter McCann1,015,8031,099,7551,291,191↓ −83,952
Andrew Fraser1,015,582738,684—↑ +276,898

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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Companies that benchmark against CVEO
2 companies name CVEO as a compensation peer

Each company listed discloses CVEO in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named CVEO in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01b

Executives — the named officers

One page per officer: the same table above, read for one person at a time — his own figure and every fiscal year the register holds.

ExecutiveRoleFY2025 total
Andrew FraserSVP$1,015,582
Bradley DodsonCEO$3,775,348
E. Collin GerryCFO$1,122,786
Peter McCannSVP$1,015,803
01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
C. Ronald BlankenshipIndependent Director$235,996
Charles SzalkowskiIndependent Director$240,996
Constance B. MooreIndependent Director$240,496
Daniel B. SilversIndependent Director$135,156
Jay K. GrewalIndependent Director$230,996
Jeffrey B. ScofieldIndependent Director$135,659
Martin A. LambertIndependent Director$235,996
Michael MontelongoIndependent Director$225,996
Richard A. NavarreChair of the Board$297,992
Timothy O. WallIndependent Director$225,996
02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Andrew FraserRSU2025-03-03——7,363—$155,948
E. Collin GerryPSU2025-03-036,59418,840—37,680411,956
E. Collin GerryRSU2025-03-03——8,073—170,986
Bradley DodsonRSU2025-03-03——35,588—753,754
Bradley DodsonPSU2025-03-0329,06483,039—166,0781,815,731
Andrew FraserPSU2025-03-036,01317,181—34,362375,680
E. Collin GerryPSU2025-03-036,59418,840—37,680411,956
E. Collin GerryRSU2025-03-03——8,073—170,986
Peter McCannRSU2025-03-03——6,627—140,360
Peter McCannPSU2025-03-035,41215,463—30,926338,114
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Andrew Fraser$155,948$375,680$070.7%
E. Collin Gerry341,972823,912070.7%
Bradley Dodson753,7541,815,731070.7%
Peter McCann140,360338,114070.7%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Bradley DodsonRSU83,039—$1,899,102
Andrew FraserRSU7,363—168,392
Peter McCannRSU12,525—286,447
Peter McCannRSU6,299—144,058
Bradley DodsonRSU64,314—1,470,861
Bradley DodsonRSU40,459—925,297
Bradley DodsonRSU35,588—813,898
Bradley DodsonRSU28,584—653,716
E. Collin GerryRSU18,840—430,871
Andrew FraserRSU17,181—392,929
Peter McCannRSU15,463—353,639
Bradley DodsonRSU13,487—308,448
Andrew FraserRSU13,314—304,491
E. Collin GerryRSU8,838—202,125
E. Collin GerryRSU8,073—184,630
E. Collin GerryRSU7,138—163,246
Peter McCannRSU6,627—151,559
Peter McCannRSU5,567—127,317
E. Collin GerryRSU3,701—84,642
E. Collin GerryRSU2,561—58,570
Peter McCannRSU2,100—48,027
05

Incentive-plan design — the Compensation Discussion & Analysis

Civeo's compensation programs are designed to promote financial, operational and organizational growth while giving due consideration to broader enterprise risk management issues and maintaining a balance between short and long-term incentive compensation, shareholder returns, company growth and risk.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantMercer
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-278,247,89333,269323,41199.6%Passed
20252025-05-148,553,973381,889454,12295.73%Passed
20242024-05-1510,328,484348,129784,94896.74%Passed
20232023-05-179,758,863994,40110,40390.75%Passed
20222022-05-189,014,691119,375804,11198.69%Passed
20212021-05-197,175,1413,048,30011,82970.18%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-2799.6%a
20252025-05-1495.73%b
20242024-05-1596.74%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)66 : 1
CEO total compensation$3,775,348
Median employee compensation—
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Richard A. NavarreIndependent · Board Chair · Environmental, Social, Governance and Nominating · ESG/Sustainability (Chair)$130,500$167,492———$297,992
Charles SzalkowskiIndependent · Environmental, Social, Governance and Nominating (Chair)116,000124,996———240,996
Constance B. MooreIndependent · Compensation · Audit115,500124,996———240,496
C. Ronald BlankenshipIndependent · Finance and Investment (Chair) · Audit111,000124,996———235,996
Martin A. LambertIndependent · Compensation (Chair) · Finance and Investment111,000124,996———235,996
Jay K. GrewalIndependent · Finance and Investment106,000124,996———230,996
Timothy O. WallIndependent · Environmental, Social, Governance and Nominating · Finance and Investment · ESG/Sustainability101,000124,996———225,996
Michael MontelongoIndependent · Compensation · Environmental, Social, Governance and Nominating · ESG/Sustainability101,000124,996———225,996
Jeffrey B. ScofieldIndependent · Finance and Investment · Audit · Newly elected10,658125,001———135,659
Daniel B. SilversIndependent · Compensation · Environmental, Social, Governance and Nominating · ESG/Sustainability10,155125,001———135,156
Bradley J. DodsonEmployee director—————0
09

Board fee structure and ownership guideline

Annual cash retainer$75,000
Annual equity retainer$125,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)27,500 / 23,000 / 23,000
Stock ownership guideline$5
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$912,813
Equity awards (grant-date value)$1,292,466
All other compensation$0
Total cost of the board$2,205,279

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Civeo names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Civeo.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1NPK International Inc.2025Matthew Lanigan$754,000$4,058,537$0$3,339,632$8,196,160
2Target Hospitality Corp.2025James Archer850,0003,703,51802,634,0657,239,484
3Matrix Service Company2026John Hewitt800,0003,981,4430291,4786,741,465
4Forum Energy Technologies, Inc.2025Neal Lux717,7694,232,10501,196,4636,163,337
5TETRA Technologies, Inc.2025Brady Murphy735,0001,325,33303,061,8255,133,908
6Oil States International, Inc.2025Cindy Taylor925,0002,400,00301,654,2445,079,386
7Select Water Solutions, Inc.2025John Schmitz800,0003,245,5260681,3524,876,029
8Civeo2025Bradley Dodson750,0002,569,4850435,3753,775,348
9Black Diamond Group Limited2025Mark Velleca667,400189,0001,006,030348,7172,234,919
10Nine Energy Service, Inc.2024Ann Fox726,923612,8600577,1602,022,618
11McGrath RentCorp2025Philip Hawkins500,000801,2340374,8721,718,813

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Civeonot disclosednot disclosednot disclosedMercer
Black Diamond Group Limited95%not disclosednot disclosedAon Human Capital Solutions (Aon plc)
Forum Energy Technologies, Inc.not disclosedPSU 50 · RSU 50not disclosedMeridian Compensation Partners, LLC
Matrix Service Companynot disclosedRSU 50 · PSU 50NoPay Governance
McGrath RentCorpnot disclosedPSU 50 · RSU 50not disclosedSemler Brossy
Nine Energy Service, Inc.not disclosednot disclosedNoCompensation Advisory Partners
NPK International Inc.not disclosedRSU 50 · PRSU 50not disclosedZayla Partners, LLC
Oil States International, Inc.not disclosedRSU 50 · PRSU 25 · Cash Performance Award 25not disclosedMeridian Compensation Partners
Select Water Solutions, Inc.88.1%RSU 50 · PSU 50Yes — Relative Total Shareholder Return (TSR)Meridian Compensation Partners
Target Hospitality Corp.not disclosedRSU 50 · PSU 50not disclosedFrederic W. Cook & Co., Inc.
TETRA Technologies, Inc.not disclosedRSU 50 · LTIP Units 50not disclosedPay Governance LLC

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

10d

Frequently asked questions

Who was the highest-paid executive at Civeo in fiscal 2025?
As disclosed, Bradley Dodson (President and Chief Executive Officer) was the highest-paid executive at Civeo in fiscal 2025, with total compensation of $3,775,348.
How does Civeo's chief executive pay compare to its disclosed peer group?
As disclosed, Bradley Dodson's total compensation ranked at the 30th percentile of Civeo's disclosed peer group.
What is Civeo's CEO-to-median employee pay ratio?
As disclosed, Civeo's CEO-to-median employee pay ratio was 66:1.
How did shareholders vote on Civeo's executive compensation?
As disclosed, 99.6% of shareholders supported Civeo's executive compensation in the latest say-on-pay vote.
How much does Civeo spend in total on board compensation for fiscal 2025?
As disclosed, Civeo reported total board compensation of $2,205,279 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Bradley DodsonDEF 14A2026-04-130001590584-26-000035Section “Executive Compensation Tables” · page 45. As printed: 3,775,348. Filing ↗machine: r2 · c39 · span 776424–776433
2Section 01, E. Collin GerryDEF 14A2026-04-130001590584-26-000035Section “Executive Compensation Tables” · page 45. As printed: 1,122,786. Filing ↗machine: r6 · c39 · span 785692–785701
3Section 01, Peter McCannDEF 14A2026-04-130001590584-26-000035Section “Executive Compensation Tables” · page 45. As printed: 1,015,803. Filing ↗machine: r12 · c39 · span 798164–798173
4Section 01, Andrew FraserDEF 14A2026-04-130001590584-26-000035Section “Executive Compensation Tables” · page 45. As printed: 1,015,582. Filing ↗machine: r9 · c39 · span 792291–792300
5Section 03, Andrew Fraser RSUDEF 14A2026-04-130001590584-26-000035Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 852371–852378
6Section 03, E. Collin Gerry PSUDEF 14A2026-04-130001590584-26-000035Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 843295–843302
7Section 03, E. Collin Gerry RSUDEF 14A2026-04-130001590584-26-000035Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 845280–845287
8Section 03, Bradley Dodson RSUDEF 14A2026-04-130001590584-26-000035Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 838386–838393
9Section 03, Bradley Dodson PSUDEF 14A2026-04-130001590584-26-000035Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 836365–836374
10Section 03, Andrew Fraser PSUDEF 14A2026-04-130001590584-26-000035Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 850386–850393
11Section 03, E. Collin Gerry PSUDEF 14A2026-04-130001590584-26-000035Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 843295–843302
12Section 03, E. Collin Gerry RSUDEF 14A2026-04-130001590584-26-000035Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 845280–845287
13Section 03, Peter McCann RSUDEF 14A2026-04-130001590584-26-000035Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 860021–860028
14Section 03, Peter McCann PSUDEF 14A2026-04-130001590584-26-000035Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 857528–857535
15Section 07, pay ratioDEF 14A2026-04-130001590584-26-000035Section “CEO Pay Ratio”. As printed: 66 : 1. Filing ↗
16Section 08, Richard A. NavarreDEF 14A2026-04-130001590584-26-000035Section “Director Compensation”. As printed: 297,992. Filing ↗machine: span 459966–460108
17Section 08, Charles SzalkowskiDEF 14A2026-04-130001590584-26-000035Section “Director Compensation”. As printed: 240,996. Filing ↗machine: span 476657–476799
18Section 08, Constance B. MooreDEF 14A2026-04-130001590584-26-000035Section “Director Compensation”. As printed: 240,496. Filing ↗machine: span 470398–470540
19Section 08, C. Ronald BlankenshipDEF 14A2026-04-130001590584-26-000035Section “Director Compensation”. As printed: 235,996. Filing ↗machine: span 462056–462198
20Section 08, Martin A. LambertDEF 14A2026-04-130001590584-26-000035Section “Director Compensation”. As printed: 235,996. Filing ↗machine: span 466224–466366
21Section 08, Jay K. GrewalDEF 14A2026-04-130001590584-26-000035Section “Director Compensation”. As printed: 230,996. Filing ↗machine: span 464138–464280
22Section 08, Timothy O. WallDEF 14A2026-04-130001590584-26-000035Section “Director Compensation”. As printed: 225,996. Filing ↗machine: span 479029–479171
23Section 08, Michael MontelongoDEF 14A2026-04-130001590584-26-000035Section “Director Compensation”. As printed: 225,996. Filing ↗machine: span 468311–468453
24Section 08, Jeffrey B. ScofieldDEF 14A2026-04-130001590584-26-000035Section “Director Compensation”. As printed: 135,659. Filing ↗machine: span 472485–472627
25Section 08, Daniel B. SilversDEF 14A2026-04-130001590584-26-000035Section “Director Compensation”. As printed: 135,156. Filing ↗machine: span 474570–474712
26Section 08, Bradley J. DodsonDEF 14A2026-04-130001590584-26-000035Section “Director Compensation”. As printed: 0. Filing ↗
27Section 06, 2026 voteForm 8-K2026-05-270001590584-26-000055Item 5.07 · say-on-pay result. As reported: 99.6% (votes for as printed: 8,247,893). Filing ↗
28Section 06, 2025 voteForm 8-K2025-05-140001590584-25-000091Item 5.07 · say-on-pay result. As reported: 95.73% (votes for as printed: 8,553,973). Filing ↗
29Section 06, 2024 voteForm 8-K2024-05-210001590584-24-000111Item 5.07 · say-on-pay result. As reported: 96.74% (votes for as printed: 10,328,484). Filing ↗
30Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
31Section 03b vehicle mix (computed)Computed——RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
32Section 09b board cost (computed)Computed——Cash 912,813 + equity 1,292,466 + all other 0 = 2,205,279, summed across the director compensation table rows.machine: formula: Σ = 2,205,279
33NPK International Inc., Section 10b CEO totalDEF 14A2026-04-090000071829-26-000017CEO total compensation as printed in NPK International Inc.'s own proxy. As printed: 8,196,160. Filing ↗machine: span 593230–593239
34Target Hospitality Corp., Section 10b CEO totalDEF 14A2026-04-070001104659-26-040125CEO total compensation as printed in Target Hospitality Corp.'s own proxy. As printed: 7,239,484. Filing ↗machine: r1 · c54 · span 1175240–1175249
35Matrix Service Company, Section 10b CEO totalDEF 14A2026-09-230001140361-26-037426CEO total compensation as printed in Matrix Service Company's own proxy. As printed: 6,741,465. Filing ↗machine: r2 · c22 · span 544116–544125
36Forum Energy Technologies, Inc., Section 10b CEO totalDEF 14A2026-03-270001401257-26-000021CEO total compensation as printed in Forum Energy Technologies, Inc.'s own proxy. As printed: 6,163,337. Filing ↗machine: r2 · c21 · span 343952–343961
37TETRA Technologies, Inc., Section 10b CEO totalDEF 14A2026-04-090000844965-26-000026CEO total compensation as printed in TETRA Technologies, Inc.'s own proxy. As printed: 5,133,908. Filing ↗machine: span 841633–841642
38Oil States International, Inc., Section 10b CEO totalDEF 14A2026-03-270001121484-26-000017CEO total compensation as printed in Oil States International, Inc.'s own proxy. As printed: 5,079,386. Filing ↗machine: r2 · c21 · span 888287–888296
39Select Water Solutions, Inc., Section 10b CEO totalDEF 14A2026-03-240001104659-26-033864CEO total compensation as printed in Select Water Solutions, Inc.'s own proxy. As printed: 4,876,029. Filing ↗machine: span 1041295–1041304
40Civeo (subject), Section 10b CEO totalDEF 14A2026-04-130001590584-26-000035CEO total compensation as printed in Civeo's own proxy. As printed: 3,775,348. Filing ↗machine: r2 · c39 · span 776424–776433
41Black Diamond Group Limited, Section 10b CEO totalDEF 14A2026-04-290001104659-26-051474CEO total compensation as printed in Black Diamond Group Limited's own proxy. As printed: 2,234,919. Filing ↗machine: r1 · c41 · span 370031–370040
42Nine Energy Service, Inc., Section 10b CEO totalDEF 14A2025-03-060001193125-25-048494CEO total compensation as printed in Nine Energy Service, Inc.'s own proxy. As printed: 2,022,618. Filing ↗machine: r2 · c25 · span 262873–262882
43McGrath RentCorp, Section 10b CEO totalDEF 14A2026-04-240001193125-26-177073CEO total compensation as printed in McGrath RentCorp's own proxy. As printed: 1,718,813. Filing ↗machine: span 899474–899483
44Section 10a, NPK International Inc. reciprocityDEF 14A—0000071829-26-000017NPK International Inc. names Civeo in its own disclosed peer group (read from its most recent proxy). Filing ↗
45Section 10a, Select Water Solutions, Inc. reciprocityDEF 14A—0001104659-26-033864Select Water Solutions, Inc.'s most recent proxy was read; its disclosed peer group does not include Civeo. Filing ↗
46Section 10a, Oil States International, Inc. reciprocityDEF 14A—0001121484-26-000017Oil States International, Inc.'s most recent proxy was read; its disclosed peer group does not include Civeo. Filing ↗
47Section 10a, Nine Energy Service, Inc. reciprocityDEF 14A—0001193125-25-048494Nine Energy Service, Inc.'s most recent proxy was read; its disclosed peer group does not include Civeo. Filing ↗
48Section 10a, Target Hospitality Corp. reciprocityDEF 14A—0001104659-26-040125Target Hospitality Corp. names Civeo in its own disclosed peer group (read from its most recent proxy). Filing ↗
49Section 10a, McGrath RentCorp reciprocityDEF 14A—0001193125-26-177073McGrath RentCorp's most recent proxy was read; its disclosed peer group does not include Civeo. Filing ↗
50Section 10a, Forum Energy Technologies, Inc. reciprocityDEF 14A—0001401257-26-000021Forum Energy Technologies, Inc.'s most recent proxy was read; its disclosed peer group does not include Civeo. Filing ↗
51Section 10a, TETRA Technologies, Inc. reciprocityDEF 14A—0000844965-26-000026TETRA Technologies, Inc.'s most recent proxy was read; its disclosed peer group does not include Civeo. Filing ↗
52Section 10a, Matrix Service Company reciprocityDEF 14A—0001140361-26-037426Matrix Service Company's most recent proxy was read; its disclosed peer group does not include Civeo. Filing ↗