Hvid Kenneth 4

What Happened
Kenneth Hvid, President & CEO and a director of Teekay Tankers Ltd. (TNK), received a grant of 30,020 restricted stock units (RSUs) on 2026-06-08. The filing records the acquisition price as $0.00 (common for equity awards) and classifies the grant as a derivative transaction (RSUs represent contingent rights to shares).

Key Details

• Transaction date: 2026-06-08; Form 4 filed 2026-06-09 (timely; Form 4s are due within two business days).
• Security: 30,020 RSUs (derivative), reported price $0.00.
• Shares owned after transaction: not specified in the excerpt provided.
• Footnote: Each RSU equals a contingent right to one Class A common share; RSUs vest annually in three equal installments on June 2, 2027, 2028 and 2029.
• No 10b5-1, tax-withholding, or sale noted in this grant entry.

Context
RSU grants are compensation awards, not open-market purchases or sales; they don't transfer shares immediately. These RSUs will convert into actual shares only as they vest per the schedule above. Because this is an award (not a sale), it should be viewed as executive compensation disclosure rather than a direct bullish or bearish trading signal.