Speers Brody 4

What Happened
Speers Brody, Chief Financial Officer of Teekay Corp (TK), sold 5,500 common shares on June 11, 2026. The transaction was reported on a Form 4 filed June 12, 2026. The shares were disposed at $12.15 per share for a total value of $66,825. This was a sale (transaction code S), not a purchase or option exercise.

Key Details

• Transaction date: 2026-06-11
• Transaction type & code: Sale (S) — open market or private sale (as listed)
• Price per share: $12.15
• Total proceeds: $66,825
• Shares owned after transaction: Not provided in the supplied excerpt of the filing
• Footnotes / plans: No 10b5-1 plan or special tax-withholding footnotes provided in the supplied data
• Filing timeliness: Form 4 filed 2026-06-12 for the 2026-06-11 transaction — appears to be timely

Context
Sales by company officers are common and can reflect routine liquidity needs (taxes, diversification, personal expenses) rather than a signal about company prospects. This single disclosed sale should be viewed as a data point; investors may wish to monitor additional insider activity or company fundamentals for broader insight.