Teekay (TK) director Peter Antturi reports 27,626 deferred RSUs

Rhea-AI Filing Summary

TEEKAY CORP LTD director Peter Antturi has filed an initial ownership report showing holdings of deferred restricted stock units tied to the company’s common stock. The filing lists 27,626.7516 deferred RSUs, each representing a vested right to receive one share of common stock with a zero exercise price.

The footnote explains that these vested units may be released at a time Antturi elects, but no later than 10 years from their grant date. This Form 3 does not show any new purchase or sale activity, only the existing deferred equity position as reported by the director.

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^*

Antturi Peter

(Last) (First) (Middle)

1090 HOMER STREET

SUITE 312

(Street)

VANCOUVER V6B 2W9

(City) (State) (Zip)

BRITISH COLUMBIA, CANADA

(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
	Officer (give title below)		Other (specify below)

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)

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
Deferred Restricted Stock Units(1)	(1)	(1)	Common Stock(1)	27,626.7516(1)	(1)	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.

Remarks:

Exhibit 24 - Power of Attorney attached herewith

	/s/ Peter Anttturi	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 insider position does Peter Antturi report in Teekay (TK)?

Peter Antturi reports holding 27,626.7516 deferred restricted stock units in Teekay. Each unit represents a vested right to receive one share of common stock, giving him a significant deferred equity interest as a company director.

Are Peter Antturi’s Teekay deferred RSUs currently vested?

Yes, the filing states each deferred RSU represents a vested right to receive one Teekay common share. The units are already earned, with delivery of the underlying shares deferred to a future date chosen by Antturi.

When can Peter Antturi receive Teekay (TK) shares from his deferred RSUs?

Antturi may elect when his deferred RSUs are released into Teekay common shares, but no later than 10 years from each grant date. This creates flexibility on timing while placing an explicit outer limit on deferral.

Does this Teekay Form 3 show Peter Antturi buying or selling shares?

No, the Form 3 does not show any buy or sell transactions. It records Antturi’s existing holdings of deferred restricted stock units, providing an initial snapshot of his deferred equity position as a director.

What does a zero exercise price mean for Teekay deferred RSUs?

A zero exercise price means Antturi does not pay cash to convert his deferred RSUs into Teekay common shares. Once released, each vested unit delivers one share without an additional purchase cost, reflecting compensation already earned.