Hvid Kenneth 4

What Happened Kenneth Hvid, President & CEO and a director of Teekay Corp (TK), sold 6,822 shares in an open-market transaction on June 12, 2026. The weighted average sale price was $12.04 per share, for total proceeds of approximately $82,146. This was a sale (not a purchase or option exercise) and is commonly a routine insider sale rather than a direct signal of company outlook.

Key Details

• Transaction date: 2026-06-12 (filed the same day).
• Sale details: 6,822 shares sold; weighted average price $12.04; price range across multiple trades $12.00–$12.15 (see footnote).
• Proceeds: ~ $82,146.
• Shares owned after transaction: Not disclosed in this filing.
• Footnote: Transaction executed in multiple trades; reported price is the weighted average (F1).
• Timeliness: Filing date equals transaction date—no late filing indicated.

Context This was an open-market sale by the CEO. Sales by insiders can be routine (for diversification, taxes, or personal liquidity) and do not by themselves prove changes in company fundamentals. The filing shows no option exercise, gift, or 10b5-1 plan disclosure related to this transaction.