Teekay Tankers (TNK) Director Locke Simon Heidi Sells 741 Shares

What Happened

• Locke Simon Heidi, a director of Teekay Tankers Ltd. (TNK), reported a sale of 741 shares on August 18, 2026. The filing lists the transaction as an "Open market or private sale (S)" at $90.00 per share, for a total value of $66,690. This was a sale (disposition), which is typically a routine insider sale rather than a purchase signal.

Key Details

• Transaction date and price: 2026-08-18, 741 shares at $90.00 per share.
• Total value: $66,690.
• Transaction type listed in filing: "Open market or private sale (S)."
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes/plan details: None indicated in the filing (no 10b5-1 plan, tax withholding, or other notes reported).
• Filing timeliness: Report filed on 2026-08-18 (same date as transaction), so no late filing was indicated.

Context

• Sales by directors can be for many reasons (diversification, liquidity, tax planning) and are not by themselves proof of a change in company outlook. For retail investors, purchases tend to be more informative about insider sentiment; this filing documents a routine disposition with no additional explanatory notes.