Teekay Tankers (NYSE: TNK) CCO discloses Form 3 share and RSU holdings
Rhea-AI Filing Summary
TEEKAY TANKERS LTD. Chief Commercial Officer Mikkel Seidelin filed an initial Form 3 reporting his ownership in the company. He holds 5,615.4861 Class A Common Shares directly, plus multiple restricted stock unit awards covering 1,098.2847, 1,195.4038, 1,774.0300, 6,968.8832 and 25,000 underlying shares.
The RSUs represent rights to receive Class A shares at no exercise price and vest on schedules running from June 2, 2026 through March 10, 2030, including annual installment vesting and a large cliff-vesting award. The filing does not report any open-market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Seidelin Mikkel
Role
Chief Commercial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Class A Common Shares | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 36,036.6017 shares (Direct);
Class A Common Shares — 5,615.4861 shares (Direct)
Footnotes (5)
- F1. Each RSU represents a contingent right to receive one share of Class A Common Shares of the issuer. The RSUs vest on June 2, 2026.
- F2. Each RSU represents a contingent right to receive one share of Class A Common Shares of the issuer. The RSUs vest annually in two equal installments on June 2, 2026 and 2027.
- F3. Each RSU represents a contingent right to receive one share of Class A Common Shares of the issuer. The RSUs vest annually in two equal installments on June 2, 2026 and 2027.
- F4. Each RSU represents a contingent right to receive one share of Class A Common Shares of the issuer. The RSUs vest annually in three equal installments on June 2, 2026, 2027 and 2028.
- F5. Each RSU represents a contingent right to receive one share of Class A Common Shares of the issuer. The RSUs cliff vest on March 10, 2030.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does the Teekay Tankers (TNK) Form 3 filing by Mikkel Seidelin show?
The Form 3 shows Chief Commercial Officer Mikkel Seidelin’s initial reported holdings in Teekay Tankers. He directly owns 5,615.4861 Class A Common Shares and several restricted stock unit (RSU) awards that convert into additional Class A shares over future vesting dates.
What restricted stock units did Teekay Tankers (TNK) grant to Mikkel Seidelin?
The filing lists five RSU positions tied to Class A Common Shares: 1,098.2847, 1,195.4038, 1,774.0300, 6,968.8832 and 25,000 underlying shares. Each RSU represents a contingent right to receive one Class A share, subject to future vesting conditions described in the footnotes.
When do Mikkel Seidelin’s Teekay Tankers (TNK) RSUs vest?
The RSUs vest on several schedules. Some awards vest on June 2, 2026, others in two equal installments on June 2, 2026 and 2027, another in three equal installments on June 2 of 2026, 2027 and 2028, and a 25,000-unit grant cliff vests on March 10, 2030.
Does the Teekay Tankers (TNK) Form 3 show any insider buying or selling by Mikkel Seidelin?
The Form 3 does not report any open-market purchases or sales by Mikkel Seidelin. Instead, it records his existing direct holdings of Class A Common Shares and his restricted stock unit awards, which are compensation-related equity that may convert into shares as they vest.
What is the exercise price of Mikkel Seidelin’s Teekay Tankers (TNK) RSUs?
Each restricted stock unit has an exercise price of 0.0000, meaning no cash payment is required at vesting. When vesting conditions are met, each RSU converts into one Class A Common Share of Teekay Tankers, subject to the specific vesting schedule outlined in the filing’s footnotes.