Teekay (NYSE: TK) CFO Brody Speers discloses RSU holdings in Form 3
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
TEEKAY CORP LTD director and Chief Financial Officer Brody Speers has filed an initial ownership report showing holdings of restricted stock units (RSUs) tied to the company’s common stock. The Form 3 lists RSUs covering 9,096.6611 underlying shares of common stock and an additional block covering 16,913.4691 underlying shares, all held directly.
Each RSU represents a contingent right to receive one share of Teekay common stock. One RSU award is scheduled to vest on June 2, 2026. The other RSU award is scheduled to vest in two equal annual installments on June 2, 2026 and June 2, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Speers Brody
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 9,096.661 shares (Direct)
Footnotes (1)
- Each restricted stock unit (RSU) represents a contingent right to receive one share of common stock of the issuer. The RSUs vest on June 2, 2026 Each RSU represents a contingent right to receive one share of common stock of the issuer. The RSUs vest annually in two equal installments on June 2, 2026 and 2027
FAQ
What insider ownership does Teekay (TK) CFO Brody Speers report on this Form 3?
Brody Speers reports direct holdings of restricted stock units linked to Teekay common stock. The RSUs cover 9,096.6611 and 16,913.4691 underlying shares, giving him contingent rights to receive the same number of common shares upon future vesting.
What do the restricted stock units reported for Teekay (TK) represent?
Each restricted stock unit represents a contingent right to receive one share of Teekay common stock. The awards do not involve cash exercise; instead, shares are delivered if vesting conditions are satisfied on the specified future dates.
When do Brody Speers’ Teekay (TK) RSU awards vest?
One RSU award vests on June 2, 2026. The second RSU award vests in two equal annual installments on June 2, 2026 and June 2, 2027, subject to the applicable vesting conditions remaining in place until those dates.
Are the Teekay (TK) restricted stock units held directly or indirectly by Brody Speers?
The reported restricted stock units are held directly by Brody Speers. The ownership type in the disclosure is listed as direct, and no trusts, partnerships, or other indirect holding entities are referenced for these specific RSU positions.
Does this Teekay (TK) Form 3 show any insider buying or selling activity?
The disclosure reflects existing holdings of restricted stock units rather than new market transactions. No open-market purchases, sales, option exercises, gifts, or tax-withholding dispositions are listed, and all transaction directions are categorized as unknown holding entries.