Locke Simon Heidi 4

What Happened
Locke Simon Heidi (Director) received an award/acquisition of 6,350 common shares of Teekay Corp Ltd (TK). The reported acquisition price was $11.81 per share, for a total value of approximately $74,994. This was an award/grant (transaction code A), i.e., shares issued to the insider rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-09; Filing date: 2026-06-10 (Form 4 filed promptly).
• Price: $11.81 per share; Total value: ~$74,994 for 6,350 shares.
• Transaction type: A = Award/Grant (shares acquired as compensation).
• Shares owned after transaction: Not specified in the provided filing details.
• No footnotes or plans (e.g., 10b5-1, tax withholding, or immediate sale) were reported in the information provided.

Context
Grants to directors are commonly part of compensation and may be subject to vesting or other restrictions; they are not the same as an insider buying stock on the open market. Such awards indicate the company compensated a director in equity, but they should not be interpreted alone as a personal bullish bet. There is no indication in the provided filing that the shares were immediately sold.