STOCK TITAN
  1. Home
  2. Sec-filings
  3. TNK
  4. [Form 3] TEEKAY TANKERS LTD. Initial Statement of Beneficial Ownership

Teekay Tankers (TNK) CEO Kenneth Hvid details deferred and restricted stock unit holdings

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
3

Rhea-AI Filing Summary

Teekay Tankers Ltd. director and President & CEO Kenneth Hvid has reported his initial equity-based holdings in the company. He holds deferred restricted stock units convertible into 58,082.2769 Class A common shares, plus two restricted stock unit awards for 3,902.0183 and 47,420.4235 Class A shares that vest annually between June 2, 2026 and June 2, 2028.

Positive

  • None.

Negative

  • None.
Insider Hvid Kenneth
Role President and CEO
Type Security Shares Price Value
holding Deferred Restricted Stock Units -- -- --
holding Restricted Stock Units -- -- --
holding Restricted Stock Units -- -- --
Holdings After Transaction: Deferred Restricted Stock Units — 58,082.277 shares (Direct); Restricted Stock Units — 3,902.018 shares (Direct)
Footnotes (1)
  1. Each deferred RSU represents a vested right to receive one share of Class A common shares of the issuer. The vested units may be released at the time the reporting person elects, no later than 10 years from the grant date. 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. 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.
See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Understanding Insider Trading Forms →
SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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: 3235-0104
Estimated average burden
hours per response: 0.5
1. Name and Address of Reporting Person*
Hvid Kenneth
(Last) (First) (Middle)
SUITE 2100, BENTALL 5
550 BURRARD STREET
(Street)
VANCOUVER A1 V6C 2K2
(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
03/17/2026 		3. Issuer Name and Ticker or Trading Symbol
TEEKAY TANKERS LTD. [ TNK ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
President and CEO
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Deferred Restricted Stock Units (1) (1) Class A Common Shares 58,082.2769(1) (1) D
Restricted Stock Units (2) (2) Class A Common Shares 3,902.0183(2) (2) D
Restricted Stock Units (3) (3) Class A Common Shares 47,420.4235(3) (3) D
Explanation of Responses:
1. Each deferred RSU represents a vested right to receive one share of Class A common shares of the issuer. The vested units may be released at the time the reporting person elects, no later than 10 years from the grant date.
2. 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.
3. 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.
Remarks:
Exhibit 24 Power of Attorney attached herewith
/s/ Kenneth Hvid 03/17/2026
** 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 5 (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.

Source: View Original Filing on SEC EDGAR

FAQ

What does the Teekay Tankers (TNK) Form 3 filing show for CEO Kenneth Hvid?

The Form 3 shows Kenneth Hvid’s initial equity-based holdings in Teekay Tankers. He reports deferred restricted stock units and multiple restricted stock unit awards tied to Class A common shares, with vesting dates ranging from June 2, 2026 through June 2, 2028.

How many deferred restricted stock units does the TNK CEO report on Form 3?

Kenneth Hvid reports deferred restricted stock units representing 58,082.2769 underlying Class A common shares. Each deferred RSU is a vested right to receive one Class A share, which may be released at his election but no later than 10 years from the original grant date.

What restricted stock units are disclosed for Teekay Tankers (TNK) CEO in this Form 3?

The Form 3 lists two restricted stock unit awards for Kenneth Hvid. One covers 3,902.0183 Class A shares vesting in two equal installments on June 2, 2026 and 2027, and another covers 47,420.4235 shares vesting in three equal installments from June 2, 2026 through 2028.

Are the Teekay Tankers (TNK) CEO’s deferred RSUs already vested?

Yes. Each deferred restricted stock unit represents a vested right to receive one Class A share. The vested units may be released when Kenneth Hvid elects, provided release occurs no later than 10 years from the relevant grant date according to the disclosure.

Are the TNK restricted stock units reported by the CEO fully vested yet?

No. The restricted stock units are contingent rights that vest over time. One RSU grant vests in two equal annual installments on June 2, 2026 and 2027, while another vests in three equal annual installments on June 2, 2026, 2027, and 2028, subject to applicable conditions.

What type of securities underlie the Teekay Tankers (TNK) CEO’s RSUs and deferred RSUs?

All of Kenneth Hvid’s reported equity awards relate to Class A common shares of Teekay Tankers. Each deferred restricted stock unit or restricted stock unit represents a right to receive one Class A common share upon vesting and, for deferred units, subsequent release elections.