Teekay (TK) Director Peter Antturi Receives Award of 6,350 RSUs

What Happened

• Peter Antturi, a director of Teekay Corp Ltd (TK), was granted/awarded 6,350 restricted stock units (RSUs) on 2026-06-09. The Form 4 reports the acquisition as a derivative award at $0.00 cash consideration — this is a compensation/awards transaction, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-09 (reported on Form 4 filed 2026-06-10).
• Transaction type/code: A — Grant/award or other acquisition (derivative).
• Shares/units: 6,350 RSUs acquired; reported price $0.00 (no cash paid).
• Shares owned after transaction: Not disclosed in this filing.
• Footnote: Each deferred RSU is a vested right to receive one share; vested units may be released when the reporting person elects, no later than 10 years from the grant date (Footnote F1).
• Timeliness: Filing appears timely (transaction 2026-06-09; Form 4 filed 2026-06-10).

Context

• These are deferred RSUs (a form of equity compensation). They represent a vested right to receive common stock in the future and do not involve an immediate cash payment or open-market trade. Such awards are routine compensation and should be interpreted as non-sale insider activity; they do not by themselves signal buying or selling intent.