Karlshoej Poul Ulrich 4

What Happened
Karlshoej Poul Ulrich, a director of Teekay Corp Ltd (TK), was granted 6,350 shares on June 9, 2026. The reported acquisition price is $11.81 per share, for a total reported value of $74,994. This transaction is recorded as an award/grant (transaction code A), which is commonly part of compensation rather than an open‑market purchase.

Key Details

• Transaction date: 2026-06-09; Form 4 filed: 2026-06-10 (filed timely).
• Shares granted: 6,350 at $11.81 each; total value reported: $74,994.
• Transaction code: A (award/grant). The filing does not specify the award type (e.g., restricted stock, RSUs) or any vesting schedule.
• Shares owned after transaction: not specified in the information provided.
• No footnotes about 10b5-1 plans, tax withholding, or immediate sale were provided in the supplied data.

Context
Awards to directors are typically part of compensation and do not necessarily signal a personal buy/sell decision about the stock. Unlike open‑market purchases, grants reflect company compensation policy and may be subject to vesting and other restrictions. This filing appears timely (reported the next day), which is standard for Form 4 reporting.