Hvid Kenneth 4

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

AI-generated summary of this filing

Updated Jun 3, 2026

Teekay Tankers (TNK) CEO Kenneth Hvid Receives RSU Vesting & DERs

What Happened

Kenneth Hvid, President & CEO and a director of Teekay Tankers Ltd. (TNK), had restricted stock units (RSUs) vest on June 2, 2026. As reported on Form 4, derivative- and RSU-related transactions occurred that same day resulting in a total of 19,695.144 units reported as acquired (1,937.327 DERs + 17,757.817 RSU-related units) and 17,757.817 units reported as converted/disposed. All transactions show $0.00 per share — they were equity awards/convertions, not open-market buys or sales.

Key Details

Transaction date(s): June 2, 2026; Form 4 filed June 3, 2026 (timely).
Reported entries:
- A (Grant/award): 1,937.327 shares @ $0.00 (acquired) — DERs (dividend equivalent rights).
- M (Exercise/conversion): 1,951.009 shares @ $0.00 (disposed).
- M (Exercise/conversion): 15,806.808 shares @ $0.00 (disposed).
- A (Grant/award): 17,757.817 shares @ $0.00 (acquired).
Shares owned after transaction: not specified in the provided excerpt of the filing.
Footnotes of note:
- F1: DERs accrued on outstanding and previously deferred RSUs; each DER is the economic equivalent of one share and are calculated based on a $1.00 dividend per share divided by the fair value on dividend payment date.
- F2: RSUs convert one-for-one into Class A common shares; these RSUs vested on June 2, 2026 and amounts include accrued DERs.
- F3: Some vested RSUs and related DERs were deferred — deferred RSUs are vested rights to receive shares later (up to 10 years from grant).
No cash proceeds or open-market sales were reported.

Context

These transactions reflect vested equity compensation and dividend-equivalent accruals (DERs), not purchases or market sales — they do not necessarily signal a buy/sell decision by the insider.
Transaction codes: A = award/grant; M = exercise/conversion of derivative securities. The filing indicates conversion/deferral activity tied to RSU vesting rather than a cash exercise or immediate sale.

Form 4

Period: 2026-06-02

DirectorPresident and CEO

Transactions

Award
Dividend Equivalent Rights
[F1]
2026-06-02+1,937.327→ 1,937.327 total
→ Class A Common Shares (1,937.327 underlying)
Exercise/Conversion
Restricted Stock Units
[F2]
2026-06-02−1,951.009→ 1,951.009 total
→ Class A Common Shares (1,951.009 underlying)
Exercise/Conversion
Restricted Stock Units
[F2]
2026-06-02−15,806.808→ 31,613.616 total
→ Class A Common Shares (15,806.808 underlying)
Award
Deferred Restricted Stock Units
[F3]
2026-06-02+17,757.817→ 75,840.094 total
→ Class A Common Shares (17,757.817 underlying)

Footnotes (3)

[F1]874.3 DERs accrued on two outstanding RSU awards and vest proportionately with the RSUs to which they relate. 1,063.0 DERs also accrued on previously deferred RSUs. The total number of accrued DERs is calculated as of the dividend record date by multiplying the dividend per share ($1.00) by the number of outstanding RSUs, deferred RSUs and, to the extent applicable, previously accrued DERs and then dividing the result by the fair value of the common stock 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]Deferral of RSUs that vested on June 2, 2026 and related deferral of DERs that accrued on such RSUs on June 2, 2026. Each deferred RSU represents a vested right to receive one share of Class A Common Shares of the issuer. The vested units may be released at the time the reporting person elects, no later than 10 years from the grant date.

Signature

/s/ Kenneth Hvid|2026-06-03

1 file