Seidelin Mikkel 4

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

AI-generated summary of this filing

Updated Jun 4, 2026

Teekay Tankers (TNK) CCO Mikkel Seidelin Receives RSU Shares

What Happened

Mikkel Seidelin, Chief Commercial Officer of Teekay Tankers (TNK), had restricted stock units (RSUs) vest and related Dividend Equivalent Rights (DERs) settled into shares on June 2, 2026. The Form 4 shows multiple derivative conversions and an award: the report lists 5,631.307 shares acquired (including 638.132 DERs) and 2,349 shares withheld to satisfy tax withholding obligations. These transactions were internal settlements (reported at $0 or N/A), not open-market purchases or sales.

Key Details

Transaction date: June 2, 2026; Form 4 filed June 3, 2026 (timely filing).
Reported acquisitions: 5,631.307 shares (includes 638.132 shares from accrued DERs).
Tax withholding: 2,349 shares were withheld to cover tax obligations (code F; not a market sale).
Several exercise/conversion entries (code M) and award entries (code A) are reported at $0.00 or N/A — these reflect conversion/settlement of RSUs and DERs, not cash trades.
Shares owned after the transactions are not provided in the supplied data.
Footnotes explain DER calculation and that RSUs convert one-for-one into Class A common shares; DERs are economic equivalents of shares and were settled in shares upon vesting.

Context

This is a routine equity compensation event: RSU vesting and settlement of dividend-equivalent rights. The $0 prices and multiple conversion lines indicate internal settlement and withholding rather than market activity; such events typically do not signal a buy/sell opinion by the insider.

Form 4

Period: 2026-06-02

Chief Commercial Officer

Transactions

Exercise/Conversion
Class A Common Shares
[F4]
2026-06-02+4,906.301→ 10,521.787 total
Exercise/Conversion
Class A Common Shares
[F5]
2026-06-02+86.874→ 10,608.661 total
Tax Payment
Class A Common Shares
[F6]
2026-06-02−2,349→ 8,259.661 total
Award
Dividend Equivalent Rights
[F1]
2026-06-02+638.132→ 638.132 total
→ Class A Common Shares (638.132 underlying)
Exercise/Conversion
Restricted Stock Units
[F2]
2026-06-02−1,098.285→ 0 total
→ Class A Common Shares (1,098.285 underlying)
Exercise/Conversion
Restricted Stock Units
[F2]
2026-06-02−597.702→ 597.702 total
→ Class A Common Shares (597.702 underlying)
Exercise/Conversion
Restricted Stock Units
[F2]
2026-06-02−887.015→ 887.015 total
→ Class A Common Shares (887.015 underlying)
Exercise/Conversion
Restricted Stock Units
[F2]
2026-06-02−2,323.299→ 4,645.584 total
→ Class A Common Shares (2,323.299 underlying)
Exercise/Conversion
Dividend Equivalent Rights
[F3]
2026-06-02−86.874→ 551.258 total
→ Class A Common Shares (86.874 underlying)

Footnotes (6)

[F1]The DERs accrued on five 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.
[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/ Mikkel Seidelin|2026-06-03

1 file