[Form 4] TEEKAY CORP LTD Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TEEKAY CORP LTD Chief Financial Officer Brody Speers reported equity compensation activity involving restricted stock units and related dividend equivalent rights on Common Stock. On June 2, 2026, derivative awards were exercised and converted into shares, and new dividend equivalent rights were granted.
The filing shows derivative exercises totaling 19,065.316 Common Stock shares, alongside a grant of 2,240.3213 Dividend Equivalent Rights. To cover tax obligations, 10,201 Common Stock shares were disposed of at $11.61 per share through share withholding, leaving 8,864.3161 Common Stock shares held directly after these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
19,065.316 shares exercised/converted
Mixed
7 txns
Insider
Speers Brody
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights | 2,240.321 | $0.00 | -- |
| Exercise | Restricted Stock Units | 9,096.661 | $0.00 | -- |
| Exercise | Restricted Stock Units | 8,456.735 | $0.00 | -- |
| Exercise | Dividend Equivalent Rights | 1,511.92 | $0.00 | -- |
| Exercise | Common Stock | 17,553.396 | $0.00 | -- |
| Exercise | Common Stock | 1,511.92 | $0.00 | -- |
| Tax Withholding | Common Stock | 10,201 | $11.61 | $118K |
Holdings After Transaction:
Dividend Equivalent Rights — 2,240.321 shares (Direct, null);
Restricted Stock Units — 0 shares (Direct, null);
Common Stock — 17,553.396 shares (Direct, null)
Footnotes (1)
- The DERs accrued on two outstanding RSU awards and vest proportionately with the RSUs to which they relate. The number of DERs is calculated as of the dividend record date by multiplying the dividend per share ($1.00) by the number of outstanding RSUs, and, to the extent applicable, previously accrued DERs and then dividing the result by the fair value of the common share on the dividend payment date. Each DER is the economic equivalent of one share. Excludes DERs that accrued on outstanding RSUs prior to June 2, 2026, which are reflected in outstanding RSUs. Restricted stock units (RSUs) convert into Common Stock on a one-for-one basis. The RSUs vested on June 2, 2026. Amounts reported include DERs that accrued on the RSUs prior to June 2, 2026. Settlement of Dividend Equivalent Rights (DERs) that accrued on June 2, 2026 and were settled in shares on vesting of the related RSUs on June 2, 2026. Restricted stock units (RSUs) convert into Common Stock on a one-for-one basis. Settlement of Dividend Equivalent Rights (DERs) that accrued on June 2, 2026 and were settled in shares on vesting of the related RSUs on June 2, 2026.
Key Figures
Tax-withholding shares: 10,201 shares
Tax-withholding price: $11.61 per share
Shares from derivative exercises: 19,065.316 shares
+5 more
8 metrics
Tax-withholding shares
10,201 shares
Common Stock disposed of at $11.61 per share to satisfy tax or exercise obligations
Tax-withholding price
$11.61 per share
Price used for 10,201 Common Stock shares delivered for tax or exercise liabilities
Shares from derivative exercises
19,065.316 shares
Common Stock obtained via exercise or conversion of derivative awards
Post-transaction Common Stock holding
8,864.3161 shares
Direct Common Stock ownership after tax-withholding disposition
RSUs converted (block 1)
8,456.7345 units
Restricted Stock Units converting into Common Stock on a one-for-one basis
RSUs converted (block 2)
9,096.6611 units
Additional Restricted Stock Units converting into Common Stock one-for-one
New DER grant
2,240.3213 rights
Dividend Equivalent Rights granted, each economically equivalent to one share of Common Stock
Dividend per share for DERs
$1.00 per share
Dividend rate used to calculate certain dividend equivalent rights accruals
Key Terms
Dividend Equivalent Rights, Restricted Stock Units, DERs, exercise or conversion of derivative security, +1 more
5 terms
Dividend Equivalent Rights financial
"Settlement of Dividend Equivalent Rights (DERs) that accrued on June 2, 2026 and were settled in shares"
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
Restricted Stock Units financial
"Restricted stock units (RSUs) convert into Common Stock on a one-for-one basis"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
DERs financial
"The DERs accrued on two outstanding RSU awards and vest proportionately with the RSUs to which they relate"
exercise or conversion of derivative security financial
"transaction code description: Exercise or conversion of derivative security"
grant, award, or other acquisition financial
"transaction code description: Grant, award, or other acquisition"
