Teekay Tankers (TNK) director receives 117.3 dividend equivalent rights grant

Rhea-AI Filing Summary

Schellenberg David reported acquisition or exercise transactions in this Form 4 filing.

TEEKAY TANKERS LTD. director David Schellenberg received a small compensation-related award of 117.3503 Dividend Equivalent Rights (DERs) tied to his existing deferred restricted stock units. These derivative rights accrued based on a $1.25 per share dividend and are economically equivalent to the same number of Class A common shares.

The award reflects automatic dividend-equivalent accrual on previously deferred RSUs rather than any open-market buying or selling, and leaves Schellenberg with 117.3503 DERs outstanding after the transaction.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Schellenberg David

Role null

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Rights	117.35	$0.00	--

Holdings After Transaction: Dividend Equivalent Rights — 117.35 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Dividend Equivalent Rights granted: 117.3503 DERs Dividend per share: $1.25 DERs outstanding after transaction: 117.3503 DERs +1 more

4 metrics

Dividend Equivalent Rights granted 117.3503 DERs Grant to director David Schellenberg

Dividend per share $1.25 Used to calculate accrued DERs

DERs outstanding after transaction 117.3503 DERs Total DERs held following the award

Underlying Class A common shares 117.3503 shares Each DER is economic equivalent of one share

Key Terms

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

4 terms

Dividend Equivalent Rights financial

"117.3503 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

"117.3503 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

"117.3503 DERs accrued on previously deferred RSUs."

fair value of the common stock financial

"then dividing the result by the fair value of the common stock"

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Form 4 Insider Transactions: What Each Field Means →

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^*

Schellenberg David

(Last) (First) (Middle)

939 ASH STREET

(Street)

WHITE ROCK V4B 4JB

(City) (State) (Zip)

BRITISH COLUMBIA, CANADA

(Country)

2. Issuer Name and Ticker or Trading Symbol
TEEKAY TANKERS LTD. [ TNK ]

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		117.3503		(1)	(1)	Class A Common Shares	117.3503	$0	117.3503	D

Explanation of Responses:

1. 117.3503 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 ($1.25) 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/ David Schellenberg	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)

FAQ

What insider transaction did TEEKAY TANKERS (TNK) director David Schellenberg report?

David Schellenberg reported receiving 117.3503 Dividend Equivalent Rights. These derivative rights accrued automatically on his previously deferred RSUs as a result of a $1.25 per share dividend, and are economically equivalent to the same number of Class A common shares.

Is the recent Form 4 for TEEKAY TANKERS (TNK) an open-market buy or sell?

The Form 4 does not show an open-market buy or sell. It reports a grant of 117.3503 Dividend Equivalent Rights as compensation linked to existing deferred RSUs, with no cash transaction or market trade involved for these derivative awards.

How were the 117.3503 Dividend Equivalent Rights for TEEKAY TANKERS (TNK) calculated?

The 117.3503 DERs were calculated by multiplying the $1.25 dividend per share by outstanding and deferred RSUs and previously accrued DERs, then dividing by the fair value of the common stock on the dividend payment date, as described in the footnote.

What do Dividend Equivalent Rights mean for TEEKAY TANKERS (TNK) director compensation?

Dividend Equivalent Rights give the director economic value equal to common shares without immediate share delivery. Each DER is the economic equivalent of one share, accruing when dividends are paid on the stock and linked to existing RSU-based compensation awards.

How many Dividend Equivalent Rights does the TEEKAY TANKERS (TNK) director hold after this transaction?

After this transaction, David Schellenberg holds 117.3503 Dividend Equivalent Rights. These all stem from the most recent accrual tied to the $1.25 per share dividend and his outstanding and deferred RSU-related awards.