Schellenberg David 4

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.