BlackRock, Inc. (NYSE: BLK) reports 5.5% ownership of Teekay Tankers Ltd (TNK)
Rhea-AI Filing Summary
BlackRock, Inc. reported beneficial ownership of Class A stock of Teekay Tankers Ltd. This Schedule 13G filing states that BlackRock and certain of its business units beneficially own 1,650,377 shares of Teekay Tankers Class A stock, representing 5.5% of the class.
BlackRock reports sole voting power over 1,622,593 shares and sole dispositive power over 1,650,377 shares, with no shared voting or dispositive power. Various underlying clients have rights to dividends or sale proceeds, but no individual client holds more than 5% of Teekay Tankers’ outstanding common shares.
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Key Figures
Beneficially owned shares: 1,650,377 shares
Percent of class: 5.5%
Sole voting power: 1,622,593 shares
+3 more
6 metrics
Beneficially owned shares
1,650,377 shares
Class A stock beneficially owned by BlackRock, Inc.
Percent of class
5.5%
Percentage of Teekay Tankers Class A stock owned by BlackRock
Sole voting power
1,622,593 shares
Shares for which BlackRock has sole voting power
Shared voting power
0 shares
Shares for which BlackRock has shared voting power
Sole dispositive power
1,650,377 shares
Shares for which BlackRock has sole dispositive power
Shared dispositive power
0 shares
Shares for which BlackRock has shared dispositive power
Key Terms
Schedule 13G, beneficially owned, sole voting power, sole dispositive power, +1 more
5 terms
Schedule 13G regulatory
"This Schedule 13G filing states that BlackRock..."
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
beneficially owned financial
"beneficially owned, or deemed to be beneficially owned, by certain business units"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
sole voting power financial
"Sole Voting Power 1,622,593.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
sole dispositive power financial
"Sole Dispositive Power 1,650,377.00"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
parent holding company regulatory
"Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What percentage of Teekay Tankers Ltd (TNK) does BlackRock own?
BlackRock reports owning 5.5% of Teekay Tankers’ Class A stock. This percentage represents the aggregate beneficial ownership of 1,650,377 shares by the reporting BlackRock business units as of the filing date.
What dispositive power does BlackRock hold over Teekay Tankers Ltd (TNK) stock?
BlackRock reports sole dispositive power over 1,650,377 shares of Teekay Tankers Class A stock, with no shared dispositive power. Sole dispositive power means BlackRock alone can decide if and when these shares are sold.
Do any individual BlackRock clients hold more than 5% of Teekay Tankers Ltd (TNK)?
No individual client holds more than 5% of Teekay Tankers’ outstanding common shares. The filing notes that various persons may receive dividends or sale proceeds, but none exceeds the 5% threshold individually.
Which BlackRock entity is the reporting person for Teekay Tankers Ltd (TNK)?
The reporting person is BlackRock, Inc., a Delaware corporation. The holdings reflect securities beneficially owned, or deemed beneficially owned, by certain BlackRock subsidiaries and affiliates collectively termed “Reporting Business Units.”