Teekay Tankers director to sell $739K in shares
Rhea-AI Filing Summary
TEEKAY TANKERS LTD. (TNK) received a notice that director David Alfred Schellenberg intends to sell 7,445 shares of Class A common stock under Rule 144 through Morgan Stanley Smith Barney LLC. The planned sale has an indicated aggregate market value of approximately $738,916.25 as of September 15, 2026.
The shares relate to prior restricted stock vesting under registered plans on several dates between 2019 and 2023. No other securities sales by this person are listed for the prior three months in this notice.
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Key Figures
Shares to be sold: 7,445 shares
Aggregate market value: $738,916.25
Acquisition 1: 414 shares
+4 more
7 metrics
Shares to be sold
7,445 shares
Class A common stock covered by the Rule 144 notice
Aggregate market value
$738,916.25
Value associated with 7,445 shares as of September 15, 2026
Acquisition 1
414 shares
Restricted stock vesting under a registered plan on November 2, 2021
Acquisition 2
1,700 shares
Restricted stock vesting under a registered plan on November 22, 2019
Acquisition 3
3,396 shares
Restricted stock vesting under a registered plan on November 2, 2021
Acquisition 4
1,935 shares
Restricted stock vesting under a registered plan on August 17, 2023
Planned sale date reference
September 15, 2026
Date associated with the 7,445-share Rule 144 sale and signature
Key Terms
Rule 144, Restricted Stock, Registered Plan, Class A Common
4 terms
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Restricted Stock financial
"Restricted Stock Vesting Under a Registered Plan"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
Registered Plan financial
"Restricted Stock Vesting Under a Registered Plan"
A registered plan is a savings or investment account that a government recognizes for special tax treatment and rules, such as limits on how much you can put in and conditions for withdrawals. For investors it matters because those rules change how much of your gains are taxed, how quickly your money can be accessed and what strategies make sense — like a labeled jar that gives tax breaks but comes with rules about when and how you can take the money out.
Class A Common financial
"Class A Common | Morgan Stanley Smith Barney LLC Executive Financial Services"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Form 144 filing disclose for TNK?
It discloses that director David Alfred Schellenberg has notified of his intent to sell 7,445 shares of Teekay Tankers Ltd. Class A common stock under Rule 144, with an indicated aggregate market value of about $738,916.25 as of September 15, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.