Director Heidi Locke Simon of Teekay Corp Ltd filed a Form 4 with the SEC on September 11, 2026, disclosing an option exercise and subsequent sale of common stock that occurred on September 10, 2026.

Key Highlights

  • Option exercise: Heidi Locke Simon acquired 11,585 shares of Teekay Corp Ltd common stock via a stock option exercise (transaction code M) at an exercise price of $5.81 per share on September 10, 2026.
  • Shares sold: On the same date, 11,585 shares were disposed of (transaction code S) at a weighted average price of $14.0802, with individual trades ranging from $14.080 to $14.085 per the filing.
  • Post-transaction ownership: Following the sale, Locke Simon directly held 46,000.5095 shares of common stock.
  • Remaining options: After the exercise, 10,000 stock options with a strike price of $5.81, expiring June 7, 2033, remain beneficially owned directly.
  • Reporting person's role: Heidi Locke Simon is identified in the filing as a Director of Teekay Corp Ltd, traded on NYSE under the ticker TK.

Director Transaction Details: Option Exercise and Open-Market Sale at Teekay Corp

According to the filing, Heidi Locke Simon, a director of Teekay Corp Ltd (NYSE:TK), a Bermuda-based shipping company with an address at the Swan Building in Hamilton, exercised 11,585 stock options on September 10, 2026. The options, originally granted with an exercisable date of June 7, 2023 and an expiration date of June 7, 2033, carried an exercise price of $5.81 per share. The transaction code M indicates the exercise of an in-the-money option or similar instrument, as described in the filing's Table II.

On the same day, the filing discloses that Locke Simon disposed of 11,585 shares of common stock at a weighted average sale price of $14.0802. The filing notes that "the transaction was executed in multiple trades at prices ranging from $14.080 to $14.085," with the reported price reflecting the weighted average. Prior to the sale, the filing records her direct beneficial ownership at 57,585.5095 shares, which declined to 46,000.5095 shares following the disposition. All reported ownership is held directly.

In Table II, the filing further shows that following the option exercise, Locke Simon retains 10,000 stock options (designated as "Stock Option (Right to Buy)"), each with the same $5.81 exercise price and June 7, 2033 expiration date, held directly. The Form 4 was signed by Heidi Locke Simon on September 11, 2026, the same date it was filed with the SEC.

What Was Disclosed

The filing reports a two-part transaction by Teekay Corp Ltd director Heidi Locke Simon: the exercise of 11,585 stock options at $5.81 per share and the same-day open-market sale of 11,585 shares at a weighted average of $14.0802, leaving her with 46,000.5095 shares held directly.