Schellenberg David 4
4 · TEEKAY TANKERS LTD. · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
Teekay Tankers (TNK) Director David Schellenberg Receives 117 DERs
What Happened
- David Schellenberg, a director of Teekay Tankers Ltd. (TNK), was granted 117.3503 derivative units (DERs) on 2026-06-02. The filing records the acquisition as an award (code A) at $0.00 per unit — these DERs are derivative awards, not open‑market purchases or sales.
Key Details
- Transaction date: 2026-06-02; Filing date: 2026-06-03 (timely).
- Security acquired: 117.3503 DERs (recorded price $0.00).
- Shares owned after transaction: Not specified in the provided excerpt.
- Footnote: These DERs were accrued on previously deferred RSUs as a dividend equivalent (see F1). Each DER is the economic equivalent of one common share.
- Transaction type: Award/acquisition of derivative securities (code A).
Context
- DERs are dividend‑equivalent rights that accrue on deferred restricted stock units; they represent the economic value of one share each but are derivative in nature. This is an award/accrual tied to previously deferred RSUs and dividend treatment — not an open‑market buy or sell — so it should not be read as a standalone bullish or bearish trading signal.
Insider Transaction Report
Form 4
Schellenberg David
Director
Transactions
- Award
Dividend Equivalent Rights
[F1]2026-06-02+117.35→ 117.35 total→ Class A Common Shares (117.35 underlying)
Footnotes (1)
- [F1]117.3503 DERs 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 ($1.25) 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.
Signature
/s/ David Schellenberg|2026-06-03