Teekay (NYSE: TK) CEO Kenneth Hvid details stock, option and RSU holdings

Rhea-AI Filing Summary

TEEKAY CORP LTD President and CEO Kenneth Hvid has filed an initial ownership report showing his equity interests in the company. He holds stock options over 165,151 shares of common stock at an exercise price of $10.1800 expiring on March 6, 2027, and options over 132,884 shares at $5.8100 expiring on June 7, 2033.

He also holds 225,882.2779 deferred restricted stock units, 76,420.0836 restricted stock units vesting on June 2, 2026, and 146,076.3532 restricted stock units vesting in two equal installments on June 2, 2026 and June 2, 2027. In addition, he directly owns 262,506 shares of common stock.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Hvid Kenneth

(Last) (First) (Middle)

2ND FLOOR, SWAN BUILDING

26 VICTORIA STEET

(Street)

BERMUDA HAMILTON HM 12

(City) (State) (Zip)

BERMUDA

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
TEEKAY CORP LTD [ TK ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	262,506	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option ("Right to Buy")	03/06/2020	03/06/2027	Common Stock	165,151	$10.18	D
Stock Option ("Right to Buy")	06/02/2026	06/07/2033	Common Stock	132,884	$5.81	D
Deferred Restricted Stock Units	(1)	(1)	Common Stock	225,882.2779(1)	(1)	D
Restricted Stock Units	(2)	(2)	Common Stock	76,420.0836(2)	(2)	D
Restricted Stock Units	(3)	(3)	Common Stock	146,076.3532(3)	(3)	D

Explanation of Responses:

1. Each deferred RSU represents a vested right to receive one share of common stock of the issuer. The vested units may be released at the time the reporting person elects, no later than 10 years from the grant date.

2. 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

3. 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

Remarks:

Exhibit 24 Power of Attorney attached herewith

	/s/ Kenneth Hvid	03/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What does Teekay (TK) CEO Kenneth Hvid report on this Form 3?

Kenneth Hvid reports his initial equity ownership in Teekay. The filing lists his direct common stock holdings plus multiple stock option and restricted stock unit awards, providing a detailed snapshot of his compensation-linked exposure to Teekay’s common shares as of the reporting date.

How many Teekay (TK) common shares does Kenneth Hvid directly own?

Kenneth Hvid directly owns 262,506 Teekay common shares. This direct holding is separate from his stock options and restricted stock units, which represent additional contingent or deferred rights to receive Teekay common stock over future vesting or exercise periods.

What stock options are reported for Teekay (TK) CEO Kenneth Hvid?

Hvid reports two stock option positions on Teekay common stock. One covers 165,151 underlying shares at $10.1800 per share expiring in 2027, and another covers 132,884 underlying shares at $5.8100 per share expiring in 2033, both held directly.

What deferred restricted stock units does Kenneth Hvid hold in Teekay (TK)?

He holds 225,882.2779 deferred restricted stock units. Each deferred RSU represents a vested right to receive one Teekay common share, with the vested units releasable at his election but no later than ten years from the applicable grant date, according to the footnote.

How do Kenneth Hvid’s Teekay (TK) restricted stock units vest?

Hvid’s RSUs vest on specified future dates. One RSU grant of 76,420.0836 units vests on June 2, 2026, while another grant of 146,076.3532 units vests annually in two equal installments on June 2, 2026 and June 2, 2027, subject to award terms.

Does this Teekay (TK) Form 3 show any recent insider buying or selling?

No buying or selling transactions are shown in this Form 3. The entries are categorized as holdings, with transaction codes and directions marked as unknown, indicating the filing serves as an initial ownership snapshot rather than reporting new market trades.