Teekay Tankers (NYSE: TNK) CEO reports RSU grants, DER accruals and exercises

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Teekay Tankers President and CEO Kenneth Hvid reported equity compensation activity involving restricted stock units and related awards. He received 17,757.817 deferred restricted stock units and 1,937.3265 dividend equivalent rights, each tied to Class A Common Shares.

He also exercised 15,806.8078 and 1,951.0091 restricted stock units that convert into Class A Common Shares on a one-for-one basis, all at a stated conversion price of $0.00. The filing shows no open-market buys or sells; all entries reflect grants, accruals, deferrals, or exercises of derivative awards that vested on June 2, 2026.

Insider Trade Summary

17,757.817 shares exercised/converted

Mixed 4 txns

Insider Hvid Kenneth

Role President and CEO

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Rights	1,937.327	$0.00	--
Exercise	Restricted Stock Units	1,951.009	$0.00	--
Exercise	Restricted Stock Units	15,806.808	$0.00	--
Grant/Award	Deferred Restricted Stock Units	17,757.817	$0.00	--

Holdings After Transaction: Dividend Equivalent Rights — 1,937.327 shares (Direct, null); Restricted Stock Units — 1,951.009 shares (Direct, null); Deferred Restricted Stock Units — 75,840.094 shares (Direct, null)

Footnotes (1)

874.3 DERs accrued on two outstanding RSU awards and vest proportionately with the RSUs to which they relate. 1,063.0 DERs also 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 ($1.00) 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. Excludes DERs that accrued on outstanding RSUs prior to June 2, 2026, which are reflected in outstanding RSUs. Restricted stock units (RSUs) convert into Class A Common Shares on a one-for-one basis. The RSUs vested on June 2, 2026. Amounts reported include DERs that accrued on the RSUs prior to June 2, 2026. Deferral of RSUs that vested on June 2, 2026 and related deferral of DERs that accrued on such RSUs on June 2, 2026. Each deferred RSU represents a vested right to receive one share of Class A Common Shares of the issuer. The vested units may be released at the time the reporting person elects, no later than 10 years from the grant date.

Key Figures

Deferred RSU grant: 17,757.8170 units RSU exercise 1: 15,806.8078 units RSU exercise 2: 1,951.0091 units +4 more

7 metrics

Deferred RSU grant 17,757.8170 units Deferred restricted stock units acquired on June 2, 2026

RSU exercise 1 15,806.8078 units Restricted stock units exercised into Class A Common Shares

RSU exercise 2 1,951.0091 units Additional restricted stock units exercised into Class A Common Shares

Dividend equivalent rights 1,937.3265 rights Dividend equivalent rights accrued and awarded on June 2, 2026

Exercises count 2 exercises Derivative exercises (M code) in transaction summary

Exercised derivative shares 17,757.8169 units Total derivative shares exercised per transaction summary

Acquisition transactions 4 acquisitions Total acquire-direction derivative transactions reported

Key Terms

Deferred Restricted Stock Units, Restricted Stock Units, Dividend Equivalent Rights, Class A Common Shares, +1 more

5 terms

Deferred Restricted Stock Units financial

"Deferred Restricted Stock Units"

Deferred restricted stock units are promises by a company to give employees or executives company shares at a future date, subject to conditions like continued employment or performance targets; the delivery and tax event are intentionally delayed. They matter to investors because they affect when new shares may be issued and how executives are motivated—like a paycheck held in escrow that vests over time, influencing potential share dilution and management behavior.

Restricted Stock Units financial

"Restricted stock units (RSUs) convert into Class A Common Shares on a one-for-one basis."

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.

Dividend Equivalent Rights financial

"874.3 DERs accrued on two outstanding RSU awards and vest proportionately with the RSUs to which they relate."

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.

Class A Common Shares financial

"Restricted stock units (RSUs) convert into Class A Common Shares on a one-for-one basis."

A Class A common share is a specific type of ordinary company share that represents an ownership stake and usually carries particular voting rights or payout priorities compared with other share classes. For investors it matters because those differences affect how much influence you have over company decisions, how dividends or liquidation proceeds might be distributed, and how easily the shares trade — like choosing between car models where one has extra features (more control) and another focuses on price or availability (liquidity).

vested right financial

"Each deferred RSU represents a vested right to receive one share of Class A Common Shares of the issuer."

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Form 4 Insider Transactions: What Each Field Means →

06/03/2026 - 06:52 PM

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^*

Hvid Kenneth

(Last)

(First)

(Middle)

SUITE 2100, BENTALL 5

550 BURRARD STREET

(Street)

VANCOUVER

V6C 2K2

(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
X	Officer (give title below)	Other (specify below)
	President and CEO

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Dividend Equivalent Rights	⁽¹⁾	06/02/2026		A		1,937.3265		⁽¹⁾	⁽¹⁾	Class A Common Shares	1,937.3265	$0	1,937.3265	D
Restricted Stock Units	⁽²⁾	06/02/2026		M			1,951.0091	⁽²⁾	⁽²⁾	Class A Common Shares	1,951.0091	$0	1,951.0091	D
Restricted Stock Units	⁽²⁾	06/02/2026		M			15,806.8078	⁽²⁾	⁽²⁾	Class A Common Shares	15,806.8078	$0	31,613.6157	D
Deferred Restricted Stock Units	⁽³⁾	06/02/2026		A		17,757.817		⁽³⁾	⁽³⁾	Class A Common Shares	17,757.817	$0	75,840.0939	D

Explanation of Responses:

1. 874.3 DERs accrued on two outstanding RSU awards and vest proportionately with the RSUs to which they relate. 1,063.0 DERs also 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 ($1.00) 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. Excludes DERs that accrued on outstanding RSUs prior to June 2, 2026, which are reflected in outstanding RSUs.

2. Restricted stock units (RSUs) convert into Class A Common Shares on a one-for-one basis. The RSUs vested on June 2, 2026. Amounts reported include DERs that accrued on the RSUs prior to June 2, 2026.

3. Deferral of RSUs that vested on June 2, 2026 and related deferral of DERs that accrued on such RSUs on June 2, 2026. Each deferred RSU represents a vested right to receive one share of Class A Common Shares of the issuer. The vested units may be released at the time the reporting person elects, no later than 10 years from the grant date.

	/s/ Kenneth Hvid	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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Teekay Tankers (TNK) CEO Kenneth Hvid report?

Kenneth Hvid reported equity compensation transactions only. He received deferred restricted stock units and dividend equivalent rights and exercised restricted stock units into Class A Common Shares, all at a stated conversion price of $0.00 per share, with no open-market buying or selling.

Did the Teekay Tankers (TNK) Form 4 show any open-market stock sales or purchases?

The Form 4 shows no open-market sales or purchases. All reported entries are grants, accruals, deferrals, or exercises of restricted stock units and dividend equivalent rights related to Class A Common Shares as part of Kenneth Hvid’s equity compensation.

How many deferred restricted stock units did the Teekay Tankers (TNK) CEO receive?

Kenneth Hvid received 17,757.817 deferred restricted stock units. Each deferred unit represents a vested right to receive one Class A Common Share, with the vested units releasable at a time he elects, but no later than 10 years from the grant date.

What restricted stock unit exercises are disclosed in the Teekay Tankers (TNK) Form 4?

The filing discloses exercises of 15,806.8078 and 1,951.0091 restricted stock units. According to the footnotes, restricted stock units convert into Class A Common Shares on a one-for-one basis and the reported amounts include previously accrued dividend equivalent rights.

What are dividend equivalent rights in the Teekay Tankers (TNK) insider filing?

Dividend equivalent rights are awards economically equivalent to one share each. The filing notes 1,937.3265 such rights accrued based on a $1.00 dividend per share and the number of outstanding or deferred RSUs and previously accrued rights tied to Class A Common Shares.

When did the Teekay Tankers (TNK) restricted stock units vest for the CEO?

The filing states that the restricted stock units vested on June 2, 2026. Amounts reported for the vested units include dividend equivalent rights that accrued on these RSUs prior to June 2, 2026, which then converted into Class A Common Shares on a one-for-one basis.