Form 4: Teekay Corp CEO Sells Shares
Insider Transaction (Form 4)
Kenneth Hvid, President and CEO and a Director of Teekay Corp Ltd, sold 132,884 shares of common stock on September 11, 2026 for $14.28 per share.
Summary
- Option exercise/conversion: acquired 132,884 Common Stock at $5.81 ($772,056) on September 11, 2026; holds 238,384 after (Direct).
- Open-market sale: disposed of 132,884 Common Stock at $14.28 ($1,897,597) on September 11, 2026; holds 105,500 after (Direct).
- Option exercise/conversion: disposed of 132,884 Stock Option ("Right to Buy") at $5.81 ($772,056) on September 11, 2026 (Direct).
Sentiment
Score: 3
Explanation: StockSavvy.ai views this as a mildly negative signal: an insider sold $1,897,597 of stock on the open market.
Insider Transactions
Kenneth Hvid — Director, Officer (President and CEO)
| Date | Transaction | Security | Shares | Price | Value | Held After |
|---|---|---|---|---|---|---|
| 2026-09-11 | Option exercise/conversion | Common Stock | 132,884 | $6 | $772.1K | 238,384 |
| 2026-09-11 | Open-market sale | Common Stock | 132,884 | $14 | $1.9M | 105,500 |
| 2026-09-11 | Option exercise/conversion | Stock Option ("Right to Buy") | 132,884 | $6 | $772.1K | 0 |
Key Dates
| Date | Description |
|---|---|
| 2026-09-11 | Option exercise/conversion (132,884 shares) |
| 2026-09-11 | Open-market sale (132,884 shares) |
| 2026-09-11 | Option exercise/conversion (132,884 shares) |
Keywords
insider transaction, Form 4, TK, TEEKAY CORP LTD, bearish, Kenneth Hvid
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.