Teekay director granted 2,379.5652 dividend rights

Antturi Peter reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Antturi Peter reported acquisition or exercise transactions in this Form 4 filing.

TEEKAY CORP LTD director Peter Antturi received a grant of 2,379.5652 Dividend Equivalent Rights (DERs) linked to previously deferred RSUs. These DERs were accrued based on a cash dividend of $1.00 per share and the number of outstanding and deferred RSUs plus previously accrued DERs. Each DER is the economic equivalent of one share of common stock, giving Antturi 2,379.5652 underlying common share equivalents following the transaction. This is a compensation-related award rather than an open-market trade.

Insider Trade Summary

Grant/Award: 2,379.5652 shares

Grant/Award 1 txn

Insider Antturi Peter

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Rights	2,379.5652	$0.00	$0.00

Holdings After Transaction: Dividend Equivalent Rights — 2,379.5652 contracts (Direct)

Footnotes (1)

1. F1. 2,379.5652 DERs accrued on previously deferred RSUs. The total number of accrued DERs is calculated as of the dividend record date by multiplying the dividend per share ($1.00) by the number of outstanding RSUs, deferred RSUs and, to the extent applicable, previously accrued DERs and then dividing the result by the fair value of the common stock on the dividend payment date. Each DER is the economic equivalent of one share.

Key Figures

Dividend Equivalent Rights granted: 2,379.5652 DERs Dividend per share used in DER formula: $1.00 per share Total DERs after transaction: 2,379.5652 DERs +1 more

4 metrics

Dividend Equivalent Rights granted 2,379.5652 DERs Award to director Peter Antturi on 2026-06-02

Dividend per share used in DER formula $1.00 per share Factor in DER accrual calculation

Total DERs after transaction 2,379.5652 DERs Direct holdings following grant

Underlying common stock equivalents 2,379.5652 shares Each DER equals one common share economically

Key Terms

Dividend Equivalent Rights, RSUs, deferred RSUs, fair value of the common stock

4 terms

Dividend Equivalent Rights financial

"2,379.5652 DERs accrued on previously deferred RSUs."

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.

RSUs financial

"2,379.5652 DERs accrued on previously deferred RSUs."

RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.

deferred RSUs financial

"dividend per share ($1.00) by the number of outstanding RSUs, deferred RSUs and, to the extent applicable, previously accrued DERs"

fair value of the common stock financial

"then dividing the result by the fair value of the common stock on the dividend payment date."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did TEEKAY (TK) report for director Peter Antturi?

TEEKAY reported that director Peter Antturi received 2,379.5652 Dividend Equivalent Rights as a compensation-related award. These rights accrued on previously deferred RSUs and are economically equivalent to the same number of common shares, rather than reflecting an open-market stock purchase or sale.

What are Dividend Equivalent Rights in the TEEKAY (TK) Form 4 filing?

Dividend Equivalent Rights are awards that mirror the value of common shares by tracking dividends. In this case, 2,379.5652 DERs accrued on Antturi’s previously deferred RSUs, with each DER equal in economic value to one share of TEEKAY common stock, enhancing his equity-based compensation.

How were the 2,379.5652 Dividend Equivalent Rights for TEEKAY (TK) calculated?

The 2,379.5652 DERs were calculated using a $1.00 dividend per share. The dividend per share was multiplied by outstanding and deferred RSUs and previously accrued DERs, then divided by the fair value of the common stock on the dividend payment date, determining the number of DERs credited.

Does the TEEKAY (TK) Form 4 show any open-market share purchases or sales?

The Form 4 shows no open-market purchases or sales by Antturi. It reports only an acquisition coded as a grant of 2,379.5652 Dividend Equivalent Rights, which are compensation-related derivative awards tied to RSUs, not discretionary trades in TEEKAY common stock on the market.

What is Antturi’s position in TEEKAY (TK) after the Dividend Equivalent Rights grant?

After the grant, Antturi holds 2,379.5652 Dividend Equivalent Rights directly, each economically equivalent to one common share. These rights are linked to his existing deferred RSUs, increasing his total equity-based exposure to TEEKAY without involving cash transactions or option exercises in this filing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/03/2026 - 02:30 PM Learn about SEC filing dates

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/02/2026

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

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

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Dividend Equivalent Rights	(1)	06/02/2026		A		2,379.5652		(1)	(1)	Common Stock	2,379.5652	(1)	2,379.5652	D

Explanation of Responses:

1. 2,379.5652 DERs accrued on previously deferred RSUs. The total number of accrued DERs is calculated as of the dividend record date by multiplying the dividend per share ($1.00) by the number of outstanding RSUs, deferred RSUs and, to the extent applicable, previously accrued DERs and then dividing the result by the fair value of the common stock on the dividend payment date. Each DER is the economic equivalent of one share.

	/s/ Peter Antturi	06/03/2026
	** 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 4 (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 4: SEC 1474 (03-26)