Teekay Tankers (TNK) CFO receives 3,956 RSU equity award vesting 2027–2029
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Speers Brody reported acquisition or exercise transactions in this Form 4 filing.
TEEKAY TANKERS LTD. Chief Financial Officer Brody Speers received a grant of 3,956 restricted stock units, each representing one Class A common share. The RSUs vest in three equal annual installments on June 2, 2027, 2028 and 2029, reflecting equity-based compensation rather than an open-market share purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Speers Brody
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 3,956 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 3,956 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 3,956 units
Price per RSU: $0.00
Holdings after grant: 3,956 RSUs
+4 more
7 metrics
RSUs granted
3,956 units
Restricted Stock Units granted to CFO on June 8, 2026
Price per RSU
$0.00
Grant price per restricted stock unit
Holdings after grant
3,956 RSUs
Total derivative securities following transaction
Underlying shares
3,956 shares
Class A Common Shares underlying the RSUs
Vesting date 1
June 2, 2027
First annual RSU vesting installment
Vesting date 2
June 2, 2028
Second annual RSU vesting installment
Vesting date 3
June 2, 2029
Third annual RSU vesting installment
Key Terms
Restricted Stock Units, Class A Common Shares, Grant, award, or other acquisition, contingent right
4 terms
Restricted Stock Units financial
"security_title: Restricted Stock Units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
contingent right financial
"Each RSU represents a contingent right to receive one share"
FAQ
What insider transaction did Teekay Tankers (TNK) report for its CFO?
Teekay Tankers reported that CFO Brody Speers received 3,956 restricted stock units as an equity award. Each RSU represents one Class A common share, with the grant structured as part of his compensation package rather than an open-market stock purchase.
How many RSUs did the Teekay Tankers (TNK) CFO receive in this filing?
The CFO received 3,956 restricted stock units in this transaction. These units give him a contingent right to receive an equal number of Class A common shares, subject to time-based vesting over several years as specified in the award terms.
When do the Teekay Tankers (TNK) CFO’s new RSUs vest?
The RSUs vest in three equal annual installments on June 2, 2027, 2028 and 2029. This means one-third of the 3,956 units becomes deliverable as shares each year, subject to continued service and any other plan conditions that may apply.
What does each RSU granted to the Teekay Tankers (TNK) CFO represent?
Each restricted stock unit represents a contingent right to receive one Class A common share of Teekay Tankers. The units themselves are not shares until they vest, at which point they can be settled in stock according to the company’s compensation plan.
Is the Teekay Tankers (TNK) CFO’s RSU grant an open-market stock purchase?
No, the RSU grant is a compensation-related award, not an open-market purchase. The Form 4 shows a grant of 3,956 restricted stock units with a transaction code A, indicating a grant or award acquisition rather than a discretionary market trade.
How many derivative securities does the Teekay Tankers (TNK) CFO hold after this RSU grant?
Following this transaction, the CFO directly holds 3,956 derivative securities in the form of restricted stock units. These RSUs are tied to Class A common shares and will convert into shares only as the units vest over the stated schedule.