The CEO's large open-market sale without a 10b5-1 plan is a bearish signal. Monitor for any subsequent 8-K filings or earnings pre-announcements that could explain the timing.
Price Chart
Executive Summary
CEO Kenneth Hvid sold $1.90M worth of TK shares at $14.28 on September 11, 2026, representing the vast majority of the cluster's $1.906M total. Director Heidi Locke Simon sold a trivial $6K on September 17. The CEO sale is an open-market sell (code S) with no 10b5-1 plan indicated, and at ~0.58% of the company's $326M market cap, it exceeds the 0.5% materiality threshold. This is a bearish signal from the highest-ranking insider, unmitigated by any insider buying.
Key Financial Metrics
Key Facts
- CEO Kenneth Hvid sold 132,900 shares for $1.90M at $14.28 on September 11, 2026.
- Director Heidi Locke Simon sold 400 shares for $6K at $14.93 on September 17, 2026.
- Total cluster value: $1.906M, net direction SELL.
- CEO sale represents ~0.58% of Teekay Corp's $326M market cap.
- No insider open-market purchases in the cluster window.
- No 10b5-1 plan indicated for the CEO sale.
Financial Impact
CEO sale of $1.90M represents 0.58% of market cap, a material insider sell.
Risk Factors
- CEO selling may signal deteriorating business conditions or upcoming negative news.
- No insider buying to offset the bearish signal.
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-TK-1789763849935 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 18, 2026 5w ago | Insider Cluster | $14.36 $13.88 | ▲ +3.34% | ▲ +2.44% | $14.57 (−1.46%) |
Sep 11, 2026 6w ago | Insider Cluster | $14.12 $15.56 | ▼ −10.20% | ▼ −7.94% | $14.57 (−3.19%) |
Jul 31, 2026 12w ago | 6-K | $11.65 $13.05 | ▲ +12.02% | ▲ +9.03% | $14.57 (+25.06%) |
Jun 17, 2026 18w ago | Insider Cluster | $11.91 $10.94 | ▼ −8.14% | ▼ −8.68% | $14.57 (+22.33%) |
Jun 12, 2026 19w ago | Insider Cluster | $12.17 $10.83 | ▼ −11.01% | ▼ −10.26% | $14.57 (+19.72%) |
Jun 12, 2026 19w ago | Insider Cluster | $12.33 $10.99 | ▼ −10.87% | ▼ −12.65% | $14.57 (+18.17%) |
Jun 12, 2026 19w ago | Insider Cluster | $12.33 $10.99 | ▼ −10.87% | ▼ −12.65% | $14.57 (+18.17%) |
May 13, 2026 23w ago | 6-K | $12.20 $12.33 | ▲ +1.06% | ▲ +1.91% | $14.57 (+19.41%) |
May 6, 2026 24w ago | 6-K | $13.03 $11.56 | ▼ −11.31% | ▼ −12.12% | $14.57 (+11.79%) |
Mar 13, 2026 32w ago | Press Release | $10.52 $11.16 | ▲ +6.07% | ▲ +1.98% | $14.57 (+38.53%) |
US Market Status
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