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Form 3 TEEKAY CORP LTD For: Mar 18 Filed by: Hvid Kenneth

March 18, 2026 9:38 AM
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person *
Hvid Kenneth
(Last) (First) (Middle)
2ND FLOOR, SWAN BUILDING
26 VICTORIA STEET
(Street)
BERMUDA HM 12
(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026 		3. Issuer Name and Ticker or Trading Symbol
TEEKAY CORP LTD [ TK ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
President and CEO
 5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 262,506
D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option ("Right to Buy") 03/06/2020 03/06/2027 Common Stock 165,151 10.18 D
Stock Option ("Right to Buy") 06/02/2026 06/07/2033 Common Stock 132,884 5.81 D
Deferred Restricted Stock Units (1) (1) Common Stock 225,882.2779 (1) (1) D
Restricted Stock Units (2) (2) Common Stock 76,420.0836 (2) (2) D
Restricted Stock Units (3) (3) Common Stock 146,076.3532 (3) (3) D
Explanation of Responses:
1. Each deferred RSU represents a vested right to receive one share of common stock of the issuer. The vested units may be released at the time the reporting person elects, no later than 10 years from the grant date.
2. Each restricted stock unit (RSU) represents a contingent right to receive one share of common stock of the issuer. The RSUs vest on June 2, 2026
3. Each RSU represents a contingent right to receive one share of common stock of the issuer. The RSUs vest annually in two equal installments on June 2, 2026 and 2027
Remarks:
Exhibit 24 Power of Attorney attached herewith
/s/ Kenneth Hvid 03/18/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

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