Teekay Tankers (NYSE: TNK) executive exercises RSUs and DERs to receive shares

Rhea-AI Filing Summary

Teekay Tankers Ltd. executive Rohit Kapoor reported several compensation-related equity transactions involving Class A Common Shares, restricted stock units (RSUs), and dividend equivalent rights (DERs). The Form 4 shows exercises and conversions of RSUs and DERs into common shares, along with a new DER grant, all at a stated price of $0.0000 per unit.

According to the filing, RSUs convert into Class A Common Shares on a one-for-one basis, and DERs that accrued on RSUs were settled in shares when those RSUs vested on June 2, 2026. The filing reflects only acquisitions and exercises, with no reported open-market sales.

Insider Trade Summary

2,014.505 shares exercised/converted

Mixed 7 txns

Insider Kapoor Rohit (RK2)

Role Managing Director, Sinagpore

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	854.222	$0.00	--
Exercise	Restricted Stock Units	428.141	$0.00	--
Exercise	Restricted Stock Units	697.091	$0.00	--
Grant/Award	Dividend Equivalent Rights	510.019	$0.00	--
Exercise	Dividend Equivalent Rights	35.052	$0.00	--
Exercise	Class A Common Shares	1,979.454	$0.00	--
Exercise	Class A Common Shares	35.052	$0.00	--

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct, null); Dividend Equivalent Rights — 510.019 shares (Direct, null); Class A Common Shares — 8,466.436 shares (Direct, null)

Footnotes (1)

1. Restricted stock units (RSUs) convert into Class A Common Shares on a one-for-one basis. Settlement of Dividend Equivalent Rights (DERs) that accrued on June 2, 2026 and were settled in shares on vesting of the related RSUs on June 2, 2026. The RSUs vested on June 2, 2026. Amounts reported include DERs that accrued on the RSUs prior to June 2, 2026. 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 ($1.25) 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.

Key Figures

Derivative exercises: 2,014.5055 shares DER grant: 510.0187 rights Dividend per share: $1.25 +3 more

6 metrics

Derivative exercises 2,014.5055 shares Total derivative exercise/conversion shares in this filing

DER grant 510.0187 rights New Dividend Equivalent Rights awarded to Kapoor

Dividend per share $1.25 Dividend per share used to calculate DER accruals

RSU exercise block 854.2215 RSUs One RSU tranche converted into Class A Common Shares

RSU exercise block 697.0910 RSUs Additional RSUs converted into Class A Common Shares

DER settlement 35.0519 rights Dividend Equivalent Rights settled into Class A Common Shares

Key Terms

Restricted stock units (RSUs), Dividend Equivalent Rights (DERs), Class A Common Shares, economic equivalent of one share

4 terms

Restricted stock units (RSUs) financial

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

Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.

Dividend Equivalent Rights (DERs) financial

"Settlement of Dividend Equivalent Rights (DERs) that accrued on June 2, 2026 and were settled in shares"

Class A Common Shares financial

"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).

economic equivalent of one share financial

"Each DER is the economic equivalent of one share."

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Form 4 Insider Transactions: What Each Field Means →

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)

2 TANJONG KATONG ROAD

#05-01 PLQ 3

(Street)

SINGAPORE 437161

(City) (State) (Zip)

SINGAPORE

(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)
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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Shares	06/02/2026		M		1,979.4535	A	(1)	8,466.4358	D
Class A Common Shares	06/02/2026		M		35.0519	A	(2)	8,501.4877	D

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
Restricted Stock Units	(1)	06/02/2026		M			854.2215	(3)	(3)	Class A Common Shares	854.2215	$0	0	D
Restricted Stock Units	(1)	06/02/2026		M			428.1411	(3)	(3)	Class A Common Shares	428.1411	$0	428.1411	D
Restricted Stock Units	(1)	06/02/2026		M			697.091	(3)	(3)	Class A Common Shares	697.091	$0	1,394.1819	D
Dividend Equivalent Rights	(4)	06/02/2026		A		510.0187		(4)	(4)	Class A Common Shares	510.0187	$0	510.0187	D
Dividend Equivalent Rights	(2)	06/02/2026		M			35.0519	(2)	(2)	Class A Common Shares	35.0519	$0	474.9668	D

Explanation of Responses:

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

2. Settlement of Dividend Equivalent Rights (DERs) that accrued on June 2, 2026 and were settled in shares on vesting of the related RSUs on June 2, 2026.

3. The RSUs vested on June 2, 2026. Amounts reported include DERs that accrued on the RSUs prior to June 2, 2026.

4. 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 ($1.25) 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.

	/s/ Rohit Kapoor	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)

FAQ

What insider transactions did Rohit Kapoor report for Teekay Tankers (TNK)?

Rohit Kapoor reported exercises and conversions of RSUs and dividend equivalent rights into Class A Common Shares, plus a new grant of DERs. These transactions are compensation-related and do not include any open-market purchases or sales of Teekay Tankers shares.

Did the Teekay Tankers (TNK) Form 4 show any insider share sales?

The Form 4 shows no insider share sales. All reported transactions are coded as derivative exercises or grants, converting RSUs and dividend equivalent rights into Class A Common Shares or awarding new DERs, with no open-market dispositions disclosed in this filing.

How do Teekay Tankers RSUs reported by Rohit Kapoor convert into shares?

The filing states that restricted stock units (RSUs) convert into Class A Common Shares on a one-for-one basis. When the RSUs vested on June 2, 2026, they were settled in common shares, with related dividend equivalent rights also settled in shares at that time.

What are Dividend Equivalent Rights (DERs) in the Teekay Tankers (TNK) Form 4?

Dividend Equivalent Rights are derivatives that track dividends on RSUs and are economically equivalent to one share each. They accrue based on a formula using the dividend per share and common share fair value, and in this case were settled in shares when the underlying RSUs vested.

How many derivative shares did Rohit Kapoor exercise or convert in this Teekay Tankers filing?

The transaction summary shows exercises or conversions totaling 2,014.5055 derivative shares. These include RSUs and dividend equivalent rights that converted into Class A Common Shares as part of Kapoor’s equity compensation, with no corresponding open-market sale activity disclosed.

Were new equity awards granted to Rohit Kapoor by Teekay Tankers (TNK)?

Yes. The Form 4 reports a grant of 510.0187 Dividend Equivalent Rights. Each DER is described as economically equivalent to one share of Class A Common Shares and relates to outstanding RSU awards held by Rohit Kapoor as part of his compensation.