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Companies Civeo Corp

Civeo (CVEO): executive pay, fiscal 2025

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CEO total pay$3,775,348CEO Bradley Dodson · source
Say-on-pay support99.6%Latest vote · source
CEO vs. named peers30th pct.Of 11 peer CEOs
CEO pay ratio66:1To the median employee · source

CEO pay, last three years

  • $6,311,862FY2023
  • $3,887,328FY2024
  • $3,775,348FY2025

CEO total pay was $3,775,348 in fiscal 2025, down from $3,887,328 in fiscal 2024.

FY2025: salary $750,000 · stock awards $2,569,485 · option awards $0

Executives and directors

Frequently asked questions

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

Full detail

Every table from the filing. Open any section.

Summary compensation table
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.

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
Equity grants and outstanding awards

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

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.

Outstanding equity awards at fiscal year-end 2025

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

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

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.

Peer group, and who names Civeo as a peer

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.

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.

Peer reciprocity

The companies Civeo Corp names as compensation peers that name it back in their own disclosed peer groups.

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
8Civeo Corp2025Bradley 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.

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Civeo Corpnot 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.

Say-on-pay history and pay ratio
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.

CEO pay ratio

Ratio (CEO : median employee)66 : 1
CEO total compensation$3,775,348
Median employee compensation$56,805
Insider trades since the proxy

No insider equity transactions reported since the proxy statement.

Sources (45 citations)

Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.

  • Section 01, Bradley Dodson. DEF 14A, filed 2026-04-13. Section “Executive Compensation Tables” · page 45. As printed: 3,775,348. View filing ↗
  • Section 01, E. Collin Gerry. DEF 14A, filed 2026-04-13. Section “Executive Compensation Tables” · page 45. As printed: 1,122,786. View filing ↗
  • Section 01, Peter McCann. DEF 14A, filed 2026-04-13. Section “Executive Compensation Tables” · page 45. As printed: 1,015,803. View filing ↗
  • Section 01, Andrew Fraser. DEF 14A, filed 2026-04-13. Section “Executive Compensation Tables” · page 45. As printed: 1,015,582. View filing ↗
  • Section 03, Andrew Fraser RSU. DEF 14A, filed 2026-04-13. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, E. Collin Gerry PSU. DEF 14A, filed 2026-04-13. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, E. Collin Gerry RSU. DEF 14A, filed 2026-04-13. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Bradley Dodson RSU. DEF 14A, filed 2026-04-13. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Bradley Dodson PSU. DEF 14A, filed 2026-04-13. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Andrew Fraser PSU. DEF 14A, filed 2026-04-13. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, E. Collin Gerry PSU. DEF 14A, filed 2026-04-13. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, E. Collin Gerry RSU. DEF 14A, filed 2026-04-13. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Peter McCann RSU. DEF 14A, filed 2026-04-13. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Peter McCann PSU. DEF 14A, filed 2026-04-13. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 07, pay ratio. DEF 14A, filed 2026-04-13. Section “CEO Pay Ratio”. As printed: 66 : 1. View filing ↗
  • Section 08, Richard A. Navarre. DEF 14A, filed 2026-04-13. Section “Director Compensation”. As printed: 297,992. View filing ↗
  • Section 08, Charles Szalkowski. DEF 14A, filed 2026-04-13. Section “Director Compensation”. As printed: 240,996. View filing ↗
  • Section 08, Constance B. Moore. DEF 14A, filed 2026-04-13. Section “Director Compensation”. As printed: 240,496. View filing ↗
  • Section 08, C. Ronald Blankenship. DEF 14A, filed 2026-04-13. Section “Director Compensation”. As printed: 235,996. View filing ↗
  • Section 08, Martin A. Lambert. DEF 14A, filed 2026-04-13. Section “Director Compensation”. As printed: 235,996. View filing ↗
  • Section 08, Jay K. Grewal. DEF 14A, filed 2026-04-13. Section “Director Compensation”. As printed: 230,996. View filing ↗
  • Section 08, Timothy O. Wall. DEF 14A, filed 2026-04-13. Section “Director Compensation”. As printed: 225,996. View filing ↗
  • Section 08, Michael Montelongo. DEF 14A, filed 2026-04-13. Section “Director Compensation”. As printed: 225,996. View filing ↗
  • Section 08, Jeffrey B. Scofield. DEF 14A, filed 2026-04-13. Section “Director Compensation”. As printed: 135,659. View filing ↗
  • Section 08, Daniel B. Silvers. DEF 14A, filed 2026-04-13. Section “Director Compensation”. As printed: 135,156. View filing ↗
  • Section 08, Bradley J. Dodson. DEF 14A, filed 2026-04-13. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 06, 2026 vote. Form 8-K, filed 2026-05-27. Item 5.07 · say-on-pay result. As reported: 99.6% (votes for as printed: 8,247,893). View filing ↗
  • Section 06, 2025 vote. Form 8-K, filed 2025-05-14. Item 5.07 · say-on-pay result. As reported: 95.73% (votes for as printed: 8,553,973). View filing ↗
  • Section 06, 2024 vote. Form 8-K, filed 2024-05-21. Item 5.07 · say-on-pay result. As reported: 96.74% (votes for as printed: 10,328,484). View filing ↗
  • Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
  • Section 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).
  • Section 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.
  • NPK International Inc., Section 10b CEO total. DEF 14A, filed 2026-04-09. CEO total compensation as printed in NPK International Inc.'s own proxy. As printed: 8,196,160. View filing ↗
  • Target Hospitality Corp., Section 10b CEO total. DEF 14A, filed 2026-04-07. CEO total compensation as printed in Target Hospitality Corp.'s own proxy. As printed: 7,239,484. View filing ↗
  • Matrix Service Company, Section 10b CEO total. DEF 14A, filed 2026-09-23. CEO total compensation as printed in Matrix Service Company's own proxy. As printed: 6,741,465. View filing ↗
  • Forum Energy Technologies, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Forum Energy Technologies, Inc.'s own proxy. As printed: 6,163,337. View filing ↗
  • Tetra Technologies, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-09. CEO total compensation as printed in Tetra Technologies, Inc.'s own proxy. As printed: 5,133,908. View filing ↗
  • Oil States International, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Oil States International, Inc.'s own proxy. As printed: 5,079,386. View filing ↗
  • Select Water Solutions, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-24. CEO total compensation as printed in Select Water Solutions, Inc.'s own proxy. As printed: 4,876,029. View filing ↗
  • Civeo Corp (subject), Section 10b CEO total. DEF 14A, filed 2026-04-13. CEO total compensation as printed in Civeo Corp's own proxy. As printed: 3,775,348. View filing ↗
  • Black Diamond Group Limited, Section 10b CEO total. DEF 14A, filed 2026-04-29. CEO total compensation as printed in Black Diamond Group Limited's own proxy. As printed: 2,234,919. View filing ↗
  • Nine Energy Service, Inc., Section 10b CEO total. DEF 14A, filed 2025-03-06. CEO total compensation as printed in Nine Energy Service, Inc.'s own proxy. As printed: 2,022,618. View filing ↗
  • McGrath RentCorp, Section 10b CEO total. DEF 14A, filed 2026-04-24. CEO total compensation as printed in McGrath RentCorp's own proxy. As printed: 1,718,813. View filing ↗
  • Section 10a, NPK International Inc. reciprocity. DEF 14A. NPK International Inc. names Civeo Corp in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Target Hospitality Corp. reciprocity. DEF 14A. Target Hospitality Corp. names Civeo Corp in its own disclosed peer group (read from its most recent proxy). View filing ↗
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