TK TEEKAY CORP LTD
Price Chart
Executive Summary
CEO Kenneth Hvid exercised and immediately sold 165,151 shares for ~$2.01M, while CFO Brody Speers sold 5,500 shares for ~$67K, both on June 11. The CEO's sale is a same-day exercise-and-sell, which is typical for tax/cash purposes and not necessarily a bearish signal. Director grants of 6,350 shares each to four directors on June 9 are non-cash awards. The net cluster value of $2.07M represents ~0.21% of market cap, a modest amount. The historical calibration shows prior bullish calls on TK performed well (avg T+20 alpha +2.29%), but this cluster is not a strong directional signal.
Key Financial Metrics
Actionable Insight
The CEO's same-day exercise-and-sell is a routine cash-out of option spread, not a conviction sale. The CFO's small sale is likely liquidity-driven. No material insider conviction signal here. Monitor next earnings for any operational update that might have prompted the CEO to monetize options now.
Key Facts
- CEO Kenneth Hvid exercised 165,151 options at $10.18 and sold the same shares at $12.16, netting ~$327K in option spread value.
- CFO Brody Speers sold 5,500 shares at $12.15 for $67K, a small position relative to his likely holdings.
- Four directors received 6,350 shares each as grants/awards on June 9, totaling ~$225K in non-cash compensation.
- Total open-market sales: $2.07M, or ~0.21% of Teekay's $1.0B market cap.
- Analyst consensus is bearish (0% bullish, 6 sell/strong sell ratings), but the insider activity is not unusually large.
Financial Impact
CEO's sale of $2.01M is 0.2% of market cap; CFO's sale of $67K is negligible.
Risk Factors
- CEO selling a large block of shares could be interpreted negatively by the market, especially given bearish analyst consensus.
- If the company faces headwinds in tanker rates or fleet utilization, insider sales could precede a negative catalyst.
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-TK-1781272144905 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 13, 2026
2d ago
|
Insider Cluster
| — | awaiting T+5 | — | — |
|
Jun 12, 2026
2d ago
|
Insider Cluster
| $12.01 awaiting T+5 | awaiting T+5 | — | $12.33 (+2.66%) |
|
Jun 12, 2026
2d ago
|
Insider Cluster
| $11.90 awaiting T+5 | awaiting T+5 | — | $12.33 (+3.61%) |
|
May 13, 2026
4w ago
|
6-K
| $12.20 $12.48 | ▲ +2.27% | ▲ +2.99% | $12.33 (+1.06%) |
|
May 6, 2026
5w ago
|
6-K
| $14.09 $13.17 | ▼ −6.53% | ▼ −8.03% | $12.33 (−12.49%) |
|
Mar 13, 2026
13w ago
|
Press Release
| $11.37 $11.91 | ▲ +4.75% | ▲ +6.79% | $12.33 (+8.44%) |
US Market Status
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