4,596 RSUs awarded to Teekay Tankers (TNK) Chief Commercial Officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Seidelin Mikkel reported acquisition or exercise transactions in this Form 4 filing.
TEEKAY TANKERS LTD. granted Chief Commercial Officer Mikkel Seidelin 4,596 Restricted Stock Units (RSUs) as equity compensation. Each RSU represents a contingent right to receive one Class A Common Share. Following the grant, he holds 4,596 RSUs directly.
The RSUs vest annually in three equal installments on June 2, 2027, 2028 and 2029, meaning the shares are earned over time if service conditions are met. The grant was recorded at an effective price of $0.00 per unit, consistent with a standard award rather than a market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Seidelin Mikkel
Role
Chief Commercial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 4,596 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 4,596 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 4,596 units
Transaction price: $0.00 per unit
Underlying shares: 4,596 Class A Common Shares
+1 more
4 metrics
RSUs granted
4,596 units
Restricted Stock Units granted on June 8, 2026
Transaction price
$0.00 per unit
Grant/award acquisition of RSUs
Underlying shares
4,596 Class A Common Shares
Each RSU equals one Class A Common Share
Holdings after grant
4,596 RSUs
Total derivative securities following transaction
Key Terms
Restricted Stock Units, Class A Common Shares, vest, Grant, award, or other acquisition
4 terms
Restricted Stock Units financial
"Each RSU represents a contingent right to receive one share of Class A Common Shares of the issuer."
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.
vest financial
"The RSUs vest annually in three equal installments on June 2, 2027, 2028 and 2029."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What did Teekay Tankers (TNK) disclose in this Form 4 for Mikkel Seidelin?
Teekay Tankers reported a grant of 4,596 Restricted Stock Units to Chief Commercial Officer Mikkel Seidelin. These RSUs are a form of equity compensation that may convert into Class A Common Shares if vesting conditions are satisfied over time.
How many RSUs were granted to the Teekay Tankers (TNK) Chief Commercial Officer?
The Chief Commercial Officer received 4,596 Restricted Stock Units. Each RSU represents a contingent right to one Class A Common Share, providing potential future ownership if the executive remains with the company through the vesting dates.
What is the vesting schedule for the 4,596 RSUs at Teekay Tankers (TNK)?
The 4,596 RSUs vest in three equal annual installments on June 2, 2027, June 2, 2028, and June 2, 2029. This staggered schedule encourages longer-term retention and aligns the executive’s interests with shareholder outcomes over several years.
What does each Restricted Stock Unit represent in the Teekay Tankers (TNK) grant?
Each RSU represents a contingent right to receive one Class A Common Share of Teekay Tankers. The units do not become actual shares until they vest, subject to continued service and any other applicable conditions specified by the company.
Was this Teekay Tankers (TNK) Form 4 transaction a market purchase or sale?
The Form 4 shows a grant/award acquisition of RSUs coded as “A,” not an open-market trade. The transaction price is listed as $0.00 per unit, which is typical for equity compensation awards rather than investor-initiated buying or selling.
How many derivative securities does the Teekay Tankers (TNK) executive hold after this RSU grant?
After the grant, the executive holds 4,596 Restricted Stock Units directly, according to the filing. There are no additional derivative positions listed in the derivative summary, so this award represents the visible RSU position in this report.