Teekay Tankers CEO awarded and exercises RSUs
Teekay Tankers President and CEO Kenneth Hvid reported equity compensation activity involving restricted stock units and related awards.
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
17,757.8169 shares exercised/converted
Exercise
4 txns
Insider
Hvid Kenneth
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights | 1,937.3265 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 1,951.0091 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 15,806.8078 | $0.00 | $0.00 |
| Grant/Award | Deferred Restricted Stock Units | 17,757.817 | $0.00 | $0.00 |
Holdings After Transaction:
Dividend Equivalent Rights — 1,937.3265 contracts (Direct);
Restricted Stock Units — 33,564.6248 contracts (Direct);
Deferred Restricted Stock Units — 75,840.0939 contracts (Direct)
Footnotes (3)
- F1. 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.
- F2. 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.
- F3. 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.
vested right financial
"Each deferred RSU represents a vested right to receive one share of Class A Common Shares of the issuer."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
