Director at Teekay Tankers (TNK) granted 77.1375 dividend-equivalent rights

Rhea-AI Filing Summary

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

TEEKAY TANKERS LTD. director Peter Antturi reported a compensation-related award of 77.1375 Dividend Equivalent Rights (DERs) tied to existing deferred restricted stock units (RSUs). Each DER is economically equivalent to one Class A common share and reflects the company’s $1.25 per share dividend applied to his outstanding and previously accrued RSUs.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Antturi Peter

Role null

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Rights	77.138	$0.00	--

Holdings After Transaction: Dividend Equivalent Rights — 77.138 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Dividend Equivalent Rights granted: 77.1375 DERs Dividend per share used in DER calculation: $1.25 per share Total DERs after transaction: 77.1375 DERs +1 more

4 metrics

Dividend Equivalent Rights granted 77.1375 DERs Accrued on previously deferred RSUs for director Peter Antturi

Dividend per share used in DER calculation $1.25 per share Multiplier applied to outstanding and deferred RSUs and prior DERs

Total DERs after transaction 77.1375 DERs Total derivative position reported following this acquisition

Exercise price of DERs $0.00 Conversion or exercise price for Dividend Equivalent Rights

Key Terms

Dividend Equivalent Rights, RSUs, deferred RSUs, dividend record date, +1 more

5 terms

Dividend Equivalent Rights financial

"77.1375 DERs accrued on previously deferred RSUs. The total number of accrued DERs is calculated..."

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

"77.1375 DERs accrued on previously deferred RSUs. The total number of accrued DERs is calculated..."

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

"77.1375 DERs accrued on previously deferred RSUs. The total number of accrued DERs is calculated..."

dividend record date financial

"calculated as of the dividend record date by multiplying the dividend per share..."

fair value of the common stock financial

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

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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^*

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 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		77.1375		(1)	(1)	Class A Common Shares	77.1375	$0	77.1375	D

Explanation of Responses:

1. 77.1375 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/ 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)

FAQ

What insider transaction did TNK director Peter Antturi report?

Peter Antturi reported receiving 77.1375 Dividend Equivalent Rights as a compensation-related award. These DERs accrued on previously deferred restricted stock units and are economically equivalent to Class A common shares, reflecting the company’s declared dividend on his outstanding and deferred RSUs.

What are Dividend Equivalent Rights in the context of TNK?

Dividend Equivalent Rights give holders economic value similar to dividends on common shares. For TNK, 77.1375 DERs accrued to Peter Antturi based on a declared cash dividend and his outstanding and deferred RSUs, each DER representing the economic equivalent of one Class A common share.

How were the 77.1375 DERs to Peter Antturi calculated at TNK?

The 77.1375 DERs were calculated by multiplying the dividend per share of $1.25 by outstanding and deferred RSUs and, where applicable, previously accrued DERs, then dividing that product by the fair value of TNK common stock on the dividend payment date, per the company’s described formula.

Does the DER award to Peter Antturi involve a purchase or sale of TNK shares?

The DER award reflects a grant or acquisition related to compensation, not an open-market purchase or sale. It accrues automatically on previously deferred RSUs based on the declared dividend, giving economic value equivalent to additional shares without a cash transaction at a market price.

What economic exposure does each TNK Dividend Equivalent Right provide?

Each Dividend Equivalent Right is described as the economic equivalent of one Class A common share. This means the holder receives value corresponding to dividends or equivalent economics, aligning DERs with the performance and distributions of TNK’s underlying common stock on which they are based.