Teekay Tankers CFO granted 93 DERs tied to RSUs
Teekay Tankers Ltd. (TNK) reported that its Chief Financial Officer, Brody Speers, acquired 93.4227 Dividend Equivalent Rights (DERs) on 2026-08-21 as a grant/award linked to four outstanding RSU awards.
Rhea-AI Filing Summary
Teekay Tankers Ltd. (TNK) reported that its Chief Financial Officer, Brody Speers, acquired 93.4227 Dividend Equivalent Rights (DERs) on 2026-08-21 as a grant/award linked to four outstanding RSU awards. After this transaction, he directly holds 616.4232 DERs, each economically equivalent to one Class A common share and vesting proportionately with the related RSUs.
Positive
- None.
Negative
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Insider Trade Summary
Grant/Award: 93.4227 shares
Grant/Award
1 txn
Insider
Speers Brody
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights F1 | 93.4227 | -- | -- |
Holdings After Transaction:
Dividend Equivalent Rights — 616.4232 contracts (Direct)
Footnotes (1)
- F1. The DERs accrued on four outstanding RSU awards and vest proportionately with the RSUs to which they relate. The number of DERs is calculated as of the dividend record date by multiplying the dividend per share ($0.25) by the number of outstanding RSUs, and, to the extent applicable, previously accrued DERs and then dividing the result by the fair value of the common share on the dividend payment date. Each DER is the economic equivalent of one share. Excludes DERs that accrued on outstanding RSUs prior to June 2, 2026, which are reflected in outstanding RSUs.
Key Figures
Dividend Equivalent Rights granted: 93.4227 DERs
Dividend Equivalent Rights held after transaction: 616.4232 DERs
Dividend per share used to calculate DERs: $0.25 per share
+1 more
4 metrics
Dividend Equivalent Rights granted
93.4227 DERs
Grant/award acquisition on 2026-08-21 to TNK Chief Financial Officer
Dividend Equivalent Rights held after transaction
616.4232 DERs
Direct holdings of TNK Chief Financial Officer following the award
Dividend per share used to calculate DERs
$0.25 per share
Factor in DER calculation on the dividend record date for TNK RSUs
Outstanding RSU awards referenced
4 RSU awards
DERs accrued on four outstanding RSU awards for the TNK CFO
Key Terms
Dividend Equivalent Rights, RSU awards, fair value of the common share, derivative
4 terms
Dividend Equivalent Rights financial
"The DERs accrued on four outstanding RSU awards and vest proportionately"
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.
RSU awards financial
"The DERs accrued on four outstanding RSU awards and vest proportionately"
RSU awards are promises by a company to give employees actual shares of stock (or cash equal to their value) after certain conditions are met, typically continued employment over a set period or hitting performance goals. Think of them like stock paid in installments that become yours over time; they matter to investors because they affect future share count, executive incentives and company expenses, which can dilute existing shareholders and influence management decisions.
derivative financial
"transaction_type": "derivative""
A derivative is a financial contract whose value depends on the price or performance of another asset or measure — for example a stock, index, interest rate, commodity, or currency. Investors use derivatives like insurance or leveraged bets to hedge risk, speculate, or gain exposure without owning the underlying asset; they can protect portfolios but also amplify losses and introduce counterparty and market risk.
FAQ
What insider transaction did TNK report for Chief Financial Officer Brody Speers?
TNK reported that Chief Financial Officer Brody Speers received a grant of 93.4227 Dividend Equivalent Rights on August 21, 2026. These DERs are tied to his existing RSU awards and are treated as derivative securities related to Class A common shares.
How many Dividend Equivalent Rights does the TNK CFO hold after this Form 4 transaction?
After the reported transaction, TNK’s Chief Financial Officer directly holds a total of 616.4232 Dividend Equivalent Rights. This figure reflects the newly granted 93.4227 DERs added to his previously outstanding DER balance.
What are Dividend Equivalent Rights (DERs) as described in the TNK Form 4?
The Form 4 states that each Dividend Equivalent Right is the economic equivalent of one share. DERs accrue on outstanding RSU awards, vest proportionately with those RSUs, and are calculated based on the company’s $0.25 per-share dividend and the fair value of the common share on the dividend payment date.
How are TNK’s Dividend Equivalent Rights calculated for the CFO’s RSUs?
The number of DERs is calculated by multiplying the $0.25 dividend per share by the number of outstanding RSUs (and any previously accrued DERs, if applicable), then dividing that result by the fair value of the common share on the dividend payment date, according to the footnote disclosure.
AI-generated analysis. How Rhea-AI works. Not financial advice.
