Speers Brody 4

4 · TEEKAY TANKERS LTD. · Filed Jun 3, 2026

AI-generated summary of this filing

Updated Jun 3, 2026

Teekay Tankers (TNK) CFO Brody Speers RSUs Vest; Withholds Shares

What Happened

Brody Speers, CFO of Teekay Tankers (TNK), had restricted stock units (RSUs) vest on June 2, 2026. The vesting resulted in conversion/settlement of RSU-related shares and dividend equivalent rights (DERs), reported as the acquisition/settlement of a total of 3,125.024 shares (this includes 567.492 DER shares). To satisfy tax withholding on the vesting, 1,370 shares were withheld (priced at $70.59 per share) for a tax withholding amount of $96,708. Most conversions/settlements show $0 per-share because these were non‑market vesting/conversion events, not open-market purchases or sales.

Key Details

Transaction date: June 2, 2026; Form 4 filed June 3, 2026 (timely filing).
Shares/derivatives reported: total conversions/settlements reported = 3,125.024 shares (including 567.492 DERs).
Tax withholding: 1,370 shares withheld to cover tax withholding at $70.59/share = $96,708 (footnote F6; not a market sale).
Prices: most RSU/DER settlements reported at $0.00 (non‑cash vesting/conversion); the $70.59 price applies to the withheld-share valuation for tax purposes.
Shares owned after transaction: not specified in the filing.
Notable footnotes: DERs (dividend equivalent rights) accrued on the RSUs and were settled in shares on vesting (see F1, F3, F5). RSUs convert 1-for-1 into Class A common shares (F2, F4). Withholding is a non‑market transaction (F6).

Context

This was primarily a vesting/settlement event (award conversion and DER settlement), not an open‑market sale or purchase. The withholding of shares to pay taxes is routine for RSU vesting and does not indicate an intent to sell shares on the market.
For retail investors: vesting increases insider-held shares (net of withholding), but these filings reflect compensation mechanics rather than a directional trade by the insider.

Form 4

Period: 2026-06-02

Chief Financial Officer

Transactions

Exercise/Conversion
Class A Common Shares
[F4]
2026-06-02+2,513.041→ 2,513.041 total
Exercise/Conversion
Class A Common Shares
[F5]
2026-06-02+44.491→ 2,557.532 total
Tax Payment
Class A Common Shares
[F6]
2026-06-02$70.59/sh−1,370$96,708→ 1,187.532 total
Award
Dividend Equivalent Rights
[F1]
2026-06-02+567.492→ 567.492 total
→ Class A Common Shares (567.492 underlying)
Exercise/Conversion
Restricted Stock Units
[F2]
2026-06-02−490.667→ 489.607 total
→ Class A Common Shares (490.667 underlying)
Exercise/Conversion
Restricted Stock Units
[F2]
2026-06-02−2,022.374→ 4,044.749 total
→ Class A Common Shares (2,022.374 underlying)
Exercise/Conversion
Dividend Equivalent Rights
[F3]
2026-06-02−44.491→ 523.001 total
→ Class A Common Shares (44.491 underlying)

Footnotes (6)

[F1]The DERs accrued on three outstanding RSU awards and vest proportionately with the RSUs to which they relate. The number of DERs is calculated as of the dividend record date by multiplying the dividend per share ($1.25) by the number of outstanding RSUs, and, to the extent applicable, previously accrued DERs and then dividing the result by the fair value of the common share on the dividend payment date. Each DER is the economic equivalent of one share. Excludes DERs that accrued on outstanding RSUs prior to June 2, 2026, which are reflected in outstanding RSUs.
[F2]Restricted stock units (RSUs) convert into Class A Common Shares on a one-for-one basis. The RSUs vested on June 2, 2026. Amounts reported include DERs that accrued on the RSUs prior to June 2, 2026.
[F3]Settlement of Dividend Equivalent Rights (DERs) that accrued on June 2, 2026 and were settled in shares on vesting of the related RSUs on June 2, 2026. Excludes DERs that accrued on outstanding RSUs prior to June 2, 2026, which are reflected in outstanding RSUs.
[F4]Restricted stock units (RSUs) convert into Class A Common Shares on a one-for-one basis.
[F5]Settlement of Dividend Equivalent Rights (DERs) that accrued on June 2, 2026 and were settled in shares on vesting of the related RSUs on June 2, 2026.
[F6]Represents shares withheld to pay tax withholding obligations due on the date of vesting of RSUs; not a market transaction.

Signature

/s/ Brody Speers|2026-06-03

1 file