CEO Kenneth Hvid Exercises Options and Sells $1.9M in Teekay Stock
TK sits 84% above its 52-week low of $7.796.
Summary
Teekay CEO Kenneth Hvid exercised 132,884 options and sold all shares for ~$1.9M, cutting his direct stake to 105,500 shares.
Key Events · Ownership and Investor Activity · TK
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CEO Sells $1.9M in Open Market
Kenneth Hvid sold 132,884 shares at $14.28 for approximately $1.9 million on September 11, 2026.
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Option Exercise at $5.81
The sale followed the exercise of 132,884 options at $5.81 per share, generating a gross profit of about $1.1 million.
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Direct Holdings Cut to 105,500 Shares
Post-transaction direct ownership fell from 238,384 to 105,500 shares, a reduction of roughly 56%.
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Insider Distribution Pattern Continues
This sale adds to a 90-day insider distribution trend totaling $1.6 million in open-market sales with no insider purchases.
Analysis · TK · Energy & Transportation
President and CEO Kenneth Hvid exercised 132,884 options at $5.81 and immediately sold all resulting shares at $14.28, realizing roughly $1.9 million in proceeds. The sale represents about 0.27% of Teekay's market cap and reduces his direct holdings from 238,384 to 105,500 shares. While option exercises are routine, the CEO's decision to sell the entire exercised position near the 52-week high is a notable distribution signal, especially against a backdrop of ongoing insider selling across the board.
How filings like this one have moved
In the 30 days to Sep 11, 2026, 30.2% of the 1943 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.21%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, TK was trading at $14.38 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $1.3B. The 52-week trading range was $7.80 to $14.39. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.