Teekay Tankers (TNK) grants 1,395 RSUs to Singapore managing director
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kapoor Rohit (RK2) reported acquisition or exercise transactions in this Form 4 filing.
Teekay Tankers Ltd. reported that Managing Director, Singapore, Rohit Kapoor received a grant of 1,395 Restricted Stock Units. Each RSU represents a contingent right to receive one Class A Common Share. Following this award, Kapoor holds 1,395 RSUs directly.
The RSUs vest annually in three equal installments on June 2, 2027, 2028 and 2029, aligning compensation with longer-term company performance and executive retention.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kapoor Rohit (RK2)
Role
Managing Director, Sinagpore
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,395 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 1,395 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 1,395 units
RSUs after transaction: 1,395 units
Vesting dates: June 2, 2027, 2028, 2029
3 metrics
RSUs granted
1,395 units
Equity award to Rohit Kapoor on June 8, 2026
RSUs after transaction
1,395 units
Total Restricted Stock Units held following the grant
Vesting dates
June 2, 2027, 2028, 2029
Three equal annual RSU vesting installments
Key Terms
Restricted Stock Units, Class A Common Shares, contingent right, vest annually
4 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units""
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
contingent right financial
"Each RSU represents a contingent right to receive one share"
vest annually financial
"The RSUs vest annually in three equal installments"
FAQ
What insider transaction did Teekay Tankers (TNK) report for Rohit Kapoor?
Teekay Tankers reported that Rohit Kapoor, Managing Director, Singapore, received 1,395 Restricted Stock Units as an equity award. These RSUs are a form of stock-based compensation that can convert into Class A Common Shares if the vesting conditions are met.
How many Restricted Stock Units were granted to the Teekay Tankers executive?
Rohit Kapoor was granted 1,395 Restricted Stock Units. This entire amount is a new equity award, and his total reported RSU holdings after the transaction are 1,395 units, reflecting the size of this compensation grant in the filing.
When do Rohit Kapoor’s Teekay Tankers RSUs vest?
The RSUs vest in three equal annual installments on June 2, 2027, June 2, 2028 and June 2, 2029. This multi-year schedule encourages longer-term alignment with Teekay Tankers’ performance and supports executive retention over that period.
What does each Teekay Tankers RSU granted to Rohit Kapoor represent?
Each Restricted Stock Unit represents a contingent right to receive one Class A Common Share of Teekay Tankers. The shares are only delivered if the RSUs vest according to the schedule and conditions described, making the award performance and time based.
Is Rohit Kapoor’s RSU grant a market purchase or sale of Teekay Tankers stock?
The RSU grant is not a market purchase or sale. It is a compensation-related acquisition reported with transaction code “A,” meaning Teekay Tankers awarded these units to Rohit Kapoor rather than him buying or selling shares in the open market.