TK TEEKAY CORP LTD
Price Chart
Executive Summary
CEO Kenneth Hvid exercised and immediately sold 165,151 shares in two same-day transactions totaling $2.01M in open-market sales, while CFO Brody Speers sold 5,500 shares for $67K. The CEO's sales are part of a cashless exercise pattern (same-day derivative exercise + sale), which is routine for option monetization and not a directional bearish signal. Director grants of 6,350 shares each to four directors on June 9 are non-cash compensation events. Total open-market sales of $2.07M represent ~0.21% of market cap — modest and not material relative to company size.
Key Financial Metrics
Actionable Insight
The CEO's same-day exercise-and-sale pattern is routine option monetization and not a bearish signal. The CFO's small sale is likely liquidity-driven. No material insider conviction signal here. Monitor next earnings for any fundamental changes, but this cluster alone does not warrant action.
Key Facts
- CEO Hvid exercised 165,151 options at $10.18 and sold the same shares at $12.16 on June 11, netting ~$326K in option spread value
- CFO Speers sold 5,500 shares at $12.15 for $67K on June 11
- Four directors received grants of 6,350 shares each on June 9 (non-cash, $0 value for Antturi)
- Total open-market sales of $2.07M represent ~0.21% of $1.0B market cap
- No open-market purchases in the cluster
Financial Impact
CEO's same-day exercise-and-sale is a standard cashless exercise pattern; net economic value realized is ~$326K in option spread. Total insider sales of $2.07M are modest relative to $1.0B market cap.
Risk Factors
- CEO sold all shares from exercised options, leaving no net ownership increase from the exercise
- CFO sale, though small, adds to recent insider selling pattern (3 sells totaling $4.1M in prior 30 days)
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-TK-1781272825043 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
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
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access