SEC Form 4 · accession 0001972297-26-000003
TEEKAY CORP LTD · TK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brody Speers
Officer — Chief Financial Officer · Director
Period of report
Jun 2, 2026
Accepted (ET)
Jun 3, 2026 · 7:15 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0000911971
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF4 | Jun 2, 2026 | M | 17,553 | — | A | 17,553 | D | |
| Common StockF5 | Jun 2, 2026 | M | 1,512 | — | A | 19,065 | D | |
| Common Stock | Jun 2, 2026 | F | 10,201 | $11.61 | D | 8,864 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Equivalent RightsF1 | — | Jun 2, 2026 | A | 2,240 | A | — | — | Common Stock | 2,240 | 2,240 | D |
| Restricted Stock UnitsF2 | — | Jun 2, 2026 | M | 9,097 | D | — | — | Common Stock | 9,097 | 0 | D |
| Restricted Stock UnitsF2 | — | Jun 2, 2026 | M | 8,457 | D | — | — | Common Stock | 8,457 | 8,457 | D |
| Dividend Equivalent RightsF3 | — | Jun 2, 2026 | M | 1,512 | D | — | — | Common Stock | 1,512 | 728 | D |
Explanation of responses
- F1The DERs accrued on two 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 ($1.00) 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.
- F2Restricted stock units (RSUs) convert into Common Stock 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.
- F3Settlement 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.
- F4Restricted stock units (RSUs) convert into Common Stock on a one-for-one basis.
- F5Settlement 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.