Welcome to our dedicated page for TEEKAY TANKERS LTD. SEC filings (Ticker: TNK), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Teekay Tankers Ltd. filings document a foreign private issuer that owns and operates crude oil and product tankers and provides marine services. Its Form 6-K reports include quarterly financial statements, MD&A, earnings releases and exhibits covering voyage charter revenues, time-charter revenues, vessel operating expenses, spot-rate exposure, tanker classes and fleet renewal activity.
Proxy materials describe annual general meeting matters, director elections, auditor ratification and audited financial statement presentation. Other disclosures address dividends, vessel acquisitions and sales, ship-to-ship transfer and lightering operations, marine services for Australian government and energy customers, and registration matters linked to the company's public securities.
TNK reported a Form 144 notice for the sale of 7,031 shares of Class A Common on 06/08/2026. The filing states the transaction arose from an Exercise of Options Under a Registered Plan and lists cash proceeds of $502,947.82.
Teekay Tankers Ltd. Chief Commercial Officer Mikkel Seidelin reported mostly compensation-related share movements on June 2, 2026. Restricted stock units and related dividend equivalent rights vested and were settled into Class A Common Shares on a one-for-one basis, increasing his direct equity stake.
To cover tax obligations at vesting, 2,349 Class A Common Shares were withheld and delivered, which the company notes is not a market transaction. After these exercises, Seidelin holds about 10,522 Class A Common Shares directly, with previously outstanding RSUs substantially converted into common shares.
TEEKAY TANKERS LTD. Chief Financial Officer Brody Speers reported routine equity compensation activity tied to restricted stock units and dividend equivalent rights on June 2, 2026. Restricted stock units converted into Class A Common Shares on a one-for-one basis as they vested, and related dividend equivalent rights, each economically equal to one share, were settled in shares.
To cover tax obligations on the vesting, 1,370 Class A Common Shares were withheld at a price of $70.59 per share, a non-market tax-withholding disposition. In total, the filing shows derivative exercises of 2,557.5322 shares and an award of additional dividend equivalent rights, with no open-market buying or selling.
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.
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.
Schellenberg David reported acquisition or exercise transactions in this Form 4 filing.
TEEKAY TANKERS LTD. director David Schellenberg received a small compensation-related award of 117.3503 Dividend Equivalent Rights (DERs) tied to his existing deferred restricted stock units. These derivative rights accrued based on a $1.25 per share dividend and are economically equivalent to the same number of Class A common shares.
The award reflects automatic dividend-equivalent accrual on previously deferred RSUs rather than any open-market buying or selling, and leaves Schellenberg with 117.3503 DERs outstanding after the transaction.
Antturi Peter reported acquisition or exercise transactions in this Form 4 filing.
TEEKAY TANKERS LTD. director Peter Antturi reported a compensation-related award of 77.1375 Dividend Equivalent Rights (DERs) tied to existing deferred restricted stock units (RSUs). Each DER is economically equivalent to one Class A common share and reflects the company’s $1.25 per share dividend applied to his outstanding and previously accrued RSUs.
Teekay Tankers Ltd. delivered a very strong first quarter of 2026. Total revenues rose to $286.1 million from $231.6 million a year earlier, driven mainly by much higher spot charter rates and contributions from recently acquired Aframax/LR2, Suezmax and VLCC tankers.
Net income more than doubled to $153.6 million, with basic earnings per share increasing to $4.42 from $2.20. Operating cash flow reached $119.6 million. The company ended March 31, 2026 with cash and cash equivalents of $722.0 million and short‑term investments of $274.1 million, plus a fully undrawn revolving credit facility.
Teekay Tankers continued its fleet renewal, selling two Suezmax tankers for $73.0 million and completing the purchase of three 2016‑built Aframax/LR2 tankers. Subsequent to quarter‑end, it agreed to acquire two resale Suezmax newbuilding contracts for $190.0 million and its board declared a fixed quarterly dividend of $0.25 per share and a special dividend of $1.00 per share.
Teekay Tankers Ltd. reported a strong first quarter of 2026, with GAAP net income of $153.6 million, or $4.42 per share, and adjusted net income of $128.3 million, or $3.69 per share. Total revenues rose to $286.1 million, while adjusted EBITDA reached $141.4 million, reflecting significantly higher spot tanker rates.
Spot Suezmax and Aframax/LR2 rates averaged about $61,000 per day in the quarter, and have surged to record levels so far in the second quarter of 2026. The company advanced its fleet renewal by acquiring three 2016-built Aframax tankers for $141.5 million and agreeing to buy two Suezmax resale newbuildings for $190 million, funded in part by selling older vessels.
Teekay Tankers ended March 31, 2026 with total liquidity of about $1.2 billion and declared a regular dividend of $0.25 per share plus a special dividend of $1.00 per share, for a combined $1.25 payable in June 2026. Management highlighted that exceptional spot rates are being driven by severe geopolitical disruptions, especially the effective closure of the Strait of Hormuz, which they expect will keep tanker markets volatile and unpredictable.
Teekay Tankers Ltd. has released its 2026 proxy materials for the annual general meeting on June 16, 2026 in Vancouver, Canada. Shareholders will vote on electing seven directors for one-year terms and ratifying KPMG LLP as independent auditors for the year ending December 31, 2026, and will receive the audited 2025 financial statements.
The record date is April 17, 2026, with 30,017,861 Class A and 4,625,997 Class B common shares outstanding. Class A shares carry one vote and Class B five votes per share, subject to a 49% cap on Class B aggregate voting power. Teekay Corporation Ltd. holds 30.8% of the equity and 54.9% of total voting power.
In 2025, executive officers earned aggregate non‑equity compensation of $4.3 million, and non‑employee directors received cash retainers plus an equity retainer of $135,000 in restricted stock units. Audit and audit‑related fees paid to KPMG LLP for 2025 totaled $1.336 million. The proxy also details board independence, committee structures, ESG initiatives, and related‑party relationships with Teekay Corporation Ltd.