Speers Brody 4

What Happened Speers Brody, Chief Financial Officer of Teekay Tankers Ltd. (TNK), was granted 3,956 restricted stock units (RSUs) on June 8, 2026. The Form 4 reports the acquisition as a derivative award with a reported acquisition price of $0 (transaction code A). These RSUs are a compensation grant that converts to shares only upon vesting.

Key Details

• Transaction date: 2026-06-08; reported on Form 4 filed 2026-06-09 (timely filing).
• Instrument and amount: 3,956 RSUs; reported acquisition price $0 (derivative award).
• Shares owned after transaction: Not specified in the provided filing details.
• Footnote: Each RSU represents a contingent right to receive one Class A common share. The RSUs vest annually in three equal installments on June 2, 2027, 2028 and 2029.
• Transaction code: A = Award/Grant.

Context RSUs are a form of equity compensation that do not deliver shares immediately; they convert to actual shares only when they vest. This grant is a routine compensation event for insiders and does not represent an open-market purchase or sale. It should be viewed as part of executive pay rather than a direct market signal.