Form 4: Teekay Corp Director Acquires Dividend Equivalent Rights

Teekay Corp Director Peter Antturi acquired 2,379.5652 Dividend Equivalent Rights (DERs) on June 2, 2026, related to previously deferred RSUs.

Summary

• Peter Antturi, a Director at Teekay Corp, acquired 2,379.5652 Dividend Equivalent Rights (DERs) on June 2, 2026.
• These DERs were accrued on previously deferred Restricted Stock Units (RSUs).
• The DERs represent the economic equivalent of one share of common stock.
• The calculation of DERs involves the dividend per share, the number of outstanding RSUs, deferred RSUs, and previously accrued DERs, divided by the fair value of the common stock on the dividend payment date.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a routine disclosure of insider equity acquisition rather than a significant strategic or financial event.

Positives

• Director's acquisition of DERs indicates continued investment and alignment with shareholder interests.
• The accrual of DERs on deferred RSUs suggests a mechanism for compensating executives for the time value of money on equity awards.

Future Outlook

No specific future outlook or guidance is provided in this filing, as it pertains to a change in beneficial ownership of derivative securities.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, providing transparency into the holdings and activities of company directors and officers. The acquisition of Dividend Equivalent Rights is a common practice in executive compensation, particularly for deferred equity awards.

Stakeholder Impact

• Shareholders: Increased transparency into director's equity holdings and compensation mechanisms.

Key Dates

Keywords

Teekay Corp, Form 4, Director, Peter Antturi, Dividend Equivalent Rights, DERs, Restricted Stock Units, RSUs, Beneficial Ownership, Securities Exchange Act