Director Heidi Locke Simon filed a Form 4 with the SEC on September 18, 2026, disclosing the exercise of stock options and the sale of Teekay Corp Ltd (NYSE:TK) common shares on September 17, 2026.

Key Highlights

  • Option exercise: Heidi Locke Simon exercised 400 stock options (transaction code M) at a conversion price of $5.81 per share on September 17, 2026.
  • Share sale: 400 shares of common stock were disposed of (transaction code S) at a weighted average price of $14.93 per share on the same date.
  • Multiple trades: According to the filing, the sale "was executed in multiple trades all of which were at $14.93," and the price reported reflects the weighted average sale price.
  • Remaining ownership: Following the transactions, the reporting person directly held 46,000.5095 shares of common stock.
  • Remaining options: 9,600 stock options (right to buy) remain beneficially owned directly, with an expiration date of June 7, 2033.
  • Role: Heidi Locke Simon is identified as a Director of Teekay Corp Ltd.

Teekay Corp Director Option Exercise and Share Disposal Details

According to the Form 4 filed on September 18, 2026, Heidi Locke Simon, a Director of Teekay Corp Ltd, reported two transactions in common stock on September 17, 2026. First, she exercised 400 stock options at the conversion price of $5.81 per share, which increased her directly held common stock to 46,400.5095 shares. The underlying options carried an exercise price of $5.81, were exercisable from June 7, 2023, and are set to expire on June 7, 2033.

In a same-day transaction, the filing reports that 400 shares of common stock were sold at a weighted average price of $14.93 per share. The filing notes that "the transaction was executed in multiple trades all of which were at $14.93," and that the price reflects the weighted average sale price. Following this disposal, Locke Simon's direct beneficial ownership of common stock stood at 46,000.5095 shares.

After both transactions, the filing discloses that Locke Simon retains 9,600 stock options (described as a "Stock Option (Right to Buy)") with a conversion/exercise price of $5.81 and an expiration date of June 7, 2033. All reported ownership is held directly. The filing was signed by Heidi Locke Simon and dated September 18, 2026.

What Was Disclosed

The filing discloses a same-day option exercise and common stock sale by a Teekay Corp Ltd director on September 17, 2026, with resulting direct beneficial ownership of 46,000.5095 common shares and 9,600 remaining stock options.