Teekay (TK) CFO Speers Brody Sells 2,350 Shares

What Happened

• Speers Brody, Chief Financial Officer of TEEKAY CORP LTD (TK), sold a total of 2,350 shares on August 19, 2026 in open-market dispositions (code S). The transactions were: 2,000 shares at a weighted average price of $13.08 (proceeds $26,160) and 350 shares at $13.20 (proceeds $4,620), for combined proceeds of about $30,780. The first sale was executed in multiple trades at prices from $13.03 to $13.15; the reported $13.08 is the weighted average.

Key Details

• Transaction date: 2026-08-19
• Sales: 2,000 shares @ weighted avg $13.08 (range $13.03–$13.15); 350 shares @ $13.20
• Total proceeds: ≈ $30,780
• Filing timeliness: Report filed the same day (no late filing indicated in the provided filing)
• Footnote: The $13.08 price reflects a weighted average of multiple trades (see above)
• Shares owned after transaction: Not specified in the excerpt provided

Context

• These were open-market sales (dispositions). Sales by executives can be routine (to diversify, cover taxes, etc.) and do not necessarily indicate a change in company outlook. Purchases are generally considered more informative about insider sentiment. This filing shows no option exercises, awards, or gifts.