Teekay Tankers (TNK) CCO Mikkel Seidelin Receives 99.642 Dividend Equivalents

What Happened Mikkel Seidelin, Chief Commercial Officer of Teekay Tankers Ltd. (TNK), was credited with 99.642 derivative shares (DERs) on August 21, 2026 as an award/acquisition tied to outstanding restricted stock units (RSUs). No per-share price or cash value is reported for these DERs; they are derivative awards that are the economic equivalent of common shares.

Key Details

• Transaction date: August 21, 2026; Form 4 filed August 24, 2026 (filing appears timely).
• Transaction type: Award/grant — derivative shares (code A on Form 4).
• Shares acquired: 99.642 DERs; price/value: N/A (derivative; no open‑market purchase).
• Shares owned after transaction: Not disclosed in this filing.
• Footnote summary: DERs accrued on five outstanding RSU awards and vest proportionately with those RSUs. The number of DERs is calculated using the dividend per share ($0.25) and the fair value of the common share on the dividend payment date; each DER equals the economic equivalent of one share. DERs accrued prior to June 2, 2026 are reflected in outstanding RSUs and excluded here.

Context DERs are dividend-equivalent rights credited on RSUs (non-cash, compensation-related awards) and generally vest according to the underlying RSU terms. Such awards reflect executive compensation mechanics rather than an open-market purchase or sale, and do not by themselves indicate the insider’s trading sentiment.