CEO Kenneth Hvid Sells $5.5M in Stock After Option Exercise
TK sits 70% above its 52-week low of $7.115.
Summary
Teekay's CEO, Kenneth Hvid, sold $5.5 million worth of common stock on the open market after exercising options, significantly reducing his direct ownership.
Key Events · Ownership and Investor Activity · TK
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CEO Sells $5.5 Million in Stock
Kenneth Hvid, President and CEO, disposed of shares totaling $5,500,629.47. This included 315,335 shares sold on the open market for $3,819,392 and 165,151 shares acquired via option exercise and immediately sold for $1,681,237.
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Significant Insider Selling
This transaction represents 0.68% of Teekay's market capitalization, indicating a material reduction in the CEO's direct holdings.
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Reduced Direct Ownership
Following these transactions, Kenneth Hvid's direct holdings decreased to 427,657 shares.
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Part of Broader Distribution
This sale contributes to a pattern of net insider distribution totaling $-3,965,349 over the last 90 days, as noted in recent insider activity.
Analysis · TK · Energy & Transportation
Kenneth Hvid, Teekay's President and CEO, sold a substantial amount of stock totaling $5.5 million after exercising options. This significant insider selling event, representing 0.68% of the company's market capitalization, indicates a notable reduction in the CEO's direct holdings and follows a pattern of insider distribution over the past 90 days.
How filings like this one have moved
In the 30 days to Sep 10, 2026, 43.9% of the 578 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.54%. 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 $12.13 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $1.1B. The 52-week trading range was $7.12 to $14.38. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.