Teekay Tankers (TNK) Director Schellenberg Receives 23.7 DERs

What Happened
David Schellenberg, a director of Teekay Tankers Ltd. (TNK), was credited with 23.696 (23.6963 per footnote) dividend-equivalent rights (DERs) on August 21, 2026. This was an award/accrual tied to previously deferred restricted stock units (RSUs) rather than an open-market buy or sale. No purchase or sale price is reported because the item is a derivative accrual rather than a cash transaction; each DER is the economic equivalent of one common share.

Key Details

• Transaction type: Award/accrual of DERs (Form 4 code A) on 2026-08-21.
• Quantity: 23.696 (footnote lists 23.6963) DERs accrued.
• Price/value: N/A on the Form 4; DER value depends on fair value of common stock on the dividend payment date and the dividend per share ($0.25) as described in the footnote.
• Filing: Form 4 filed 2026-08-25 (within the standard two-business-day reporting window).
• Shares owned after transaction: Not reported in the provided excerpt.
• Footnote summary: DERs were calculated by multiplying the $0.25 dividend by outstanding RSUs/deferred RSUs and dividing by the stock fair value on the dividend payment date; each DER equals one share economically.

Context
DER accruals are a routine administrative credit tied to deferred RSUs and dividend policies; they are not the same as an insider purchase (which can signal bullishness) or a sale. For retail investors, this is primarily a compensation/dividend-related adjustment and does not, by itself, indicate a change in insider sentiment.