Form 4: Teekay CFO Brody Speers Executes RSU Vesting

Teekay Corporation CFO Brody Speers reported the vesting and settlement of restricted stock units and dividend equivalent rights.

Summary

• Brody Speers, Chief Financial Officer of Teekay Corporation, exercised and settled restricted stock units (RSUs) and dividend equivalent rights (DERs) on June 2, 2026.
• A total of 19,065.3161 shares were acquired through the vesting of RSUs and settlement of DERs.
• 10,201 shares were withheld by the company at a price of $11.61 per share to satisfy tax obligations.
• The reporting person maintains a direct beneficial ownership of 8,864.3161 shares following these transactions.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as it represents standard executive compensation activity rather than a strategic shift or financial performance update.

Positives

• The transaction reflects the standard vesting of equity-based compensation for a key executive, aligning management interests with shareholders.

Negatives

• The company withheld 10,201 shares to cover tax liabilities associated with the vesting event.

Risks

• No specific operational or financial risks were disclosed in this ownership filing.

Future Outlook

Not applicable; this is a routine disclosure of executive equity transactions.

Industry Context

StockSavvy.ai notes that this filing is a routine regulatory disclosure regarding executive compensation and does not signal a change in corporate strategy or market outlook.

Comparison to Industry Standards

• The use of RSU vesting and tax withholding is standard practice for executive compensation packages in the maritime and energy shipping sectors.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine equity settlement for an existing executive.

Key Dates

Keywords

Teekay Corporation, TK, Insider Trading, Form 4, Restricted Stock Units, Executive Compensation