Teekay Tankers grants officer 79 dividend rights

Rhea-AI Filing Summary

TEEKAY TANKERS LTD. (TNK) reported that officer Rohit Kapoor, Managing Director, Singapore, received an award of 78.8076 Dividend Equivalent Rights (DERs) on August 21, 2026. These derivative securities relate to Class A Common Shares and are treated as an acquisition under an equity award.

After this grant, Kapoor directly holds a total of 553.7745 Dividend Equivalent Rights. According to the company’s disclosure, these DERs accrued on four outstanding RSU awards, vest proportionately with the related RSUs, and each DER is the economic equivalent of one common share. The number of DERs is calculated using a $0.25 dividend per share and the fair value of the common share on the dividend payment date.

Insider Trade Summary

Grant/Award: 78.8076 shares

Grant/Award 1 txn

Insider Kapoor Rohit (RK2)

Role Managing Director, Sinagpore

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Rights F1	78.8076	--	--

Holdings After Transaction: Dividend Equivalent Rights — 553.7745 contracts (Direct)

Footnotes (1)

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: 78.8076 DERs Dividend Equivalent Rights held after transaction: 553.7745 DERs Dividend per share used to calculate DERs: $0.25 per share

3 metrics

Dividend Equivalent Rights granted 78.8076 DERs Grant to officer Rohit Kapoor on August 21, 2026

Dividend Equivalent Rights held after transaction 553.7745 DERs Direct holdings following the August 21, 2026 award

Dividend per share used to calculate DERs $0.25 per share Input for DER accrual on outstanding RSUs and prior DERs

Key Terms

Dividend Equivalent Rights, RSU awards, dividend record date, fair value of the common share

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.

dividend record date financial

"The number of DERs is calculated as of the dividend record date"

fair value of the common share financial

"and then dividing the result by the fair value of the common share"

FAQ

What insider transaction did TNK report for Rohit Kapoor on August 21, 2026?

TEEKAY TANKERS LTD. (TNK) reported that officer Rohit Kapoor received an equity-based award of 78.8076 Dividend Equivalent Rights on August 21, 2026, classified as a grant or other acquisition of derivative securities linked to Class A Common Shares.

How many Dividend Equivalent Rights does the TNK officer hold after this Form 4 transaction?

Following the August 21, 2026 award, Rohit Kapoor directly holds 553.7745 Dividend Equivalent Rights. These DERs are derivative securities that are economically equivalent to common shares and are tied to his outstanding restricted stock unit (RSU) awards.

How are Dividend Equivalent Rights calculated for TNK’s RSU awards?

The number of DERs is calculated by multiplying the $0.25 dividend per share by the number of outstanding RSUs, and, where applicable, previously accrued DERs, then dividing by the fair value of the common share on the dividend payment date. Each DER is the economic equivalent of one share.

Do the TNK Dividend Equivalent Rights vest immediately for this insider award?

No. The disclosure states that the Dividend Equivalent Rights vest proportionately with the outstanding RSU awards to which they relate. Their vesting schedule therefore follows the vesting of the underlying restricted stock units held by the officer.

Are all previously accrued TNK Dividend Equivalent Rights included in this Form 4 transaction?

No. The filing states that it excludes DERs accrued on outstanding RSUs prior to June 2, 2026, which are reflected in the outstanding RSUs. The 78.8076 DERs reported here are a new accrual tied to four RSU awards.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/24/2026 - 09:58 PM Accepted by SEC EDGAR 08/24/2026 - 09:58 PM Learn about SEC filing dates

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^*

Kapoor Rohit (RK2)

(Last) (First) (Middle)

2ND FLOOR, SWAN BUILDING

26 VICTORIA STEET

(Street)

HAMILTON HM12

(City) (State) (Zip)

BERMUDA

(Country)

2. Issuer Name and Ticker or Trading Symbol
TEEKAY TANKERS LTD. [ TNK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Managing Director, Sinagpore

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/21/2026

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)
			Code	V	Amount	(A) or (D)	Price

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Dividend Equivalent Rights	(1)	08/21/2026		A		78.8076		(1)	(1)	Class A Common Shares	78.8076	(1)	553.7745	D

Explanation of Responses:

1. 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.

Remarks:

	/s/ Rohit Kapoor	08/23/2026
	** 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)