Teekay (TK) CFO Brody Speers sells 5,500 shares in open-market trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TEEKAY CORP LTD Chief Financial Officer Brody Speers reported an open-market sale of Common Stock. On June 11, 2026, Speers sold 5,500 shares at a price of $12.15 per share. Following this transaction, Speers directly owns 3,364.3161 shares of Teekay common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,500 shares ($66,825)
Net Sell
1 txn
Insider
Speers Brody
Role
Chief Financial Officer
Sold
5,500 shs ($67K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 5,500 | $12.15 | $67K |
Holdings After Transaction:
Common Stock — 3,364.316 shares (Direct, null)
Footnotes (1)
Key Figures
Shares sold: 5,500 shares
Sale price per share: $12.15 per share
Shares after transaction: 3,364.3161 shares
+2 more
5 metrics
Shares sold
5,500 shares
Common Stock sold on June 11, 2026
Sale price per share
$12.15 per share
Open-market sale of Teekay Common Stock
Shares after transaction
3,364.3161 shares
Direct Common Stock holdings following sale
Net share change
-5,500 shares
Net buy/sell shares in this Form 4
Sell transactions count
1 transaction
Number of sale transactions reported
Key Terms
open-market sale, Common Stock, net-sell, direct ownership
4 terms
open-market sale financial
"transaction_action: "open-market sale" of Common Stock at $12.15 per share"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Common Stock financial
"security_title is listed as "Common Stock" for the transaction"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
net-sell financial
"transactionSummary shows netBuySellDirection as "net-sell""
direct ownership financial
"ownership_type is "direct" and ownership_code is "D""
FAQ
What insider transaction did Teekay (TK) disclose for Brody Speers?
Teekay disclosed that CFO Brody Speers completed an open-market sale of Common Stock. He sold 5,500 shares on June 11, 2026 at a price of $12.15 per share, as reported in the Form 4 insider filing.
Was the Teekay (TK) CFO’s transaction classified as an open-market sale?
Yes. The filing classifies Brody Speers’ transaction as an open-market sale of Common Stock. The transaction code "S" and description confirm it was a sale in the open market or a private transaction rather than an option exercise or tax withholding event.
Does the Teekay (TK) Form 4 show any derivative securities for the CFO?
No derivative securities are listed for CFO Brody Speers in this Form 4. The derivativeSummary section is empty, indicating the filing only reports a non-derivative Common Stock sale without any related option exercises or other derivative transactions.