Form 4: BlackBerry CFO Tim Foote Reports Acquisition and Disposal of Performance-Based Restricted Share Units

BlackBerry's Chief Financial Officer, Tim Foote, reports changes in beneficial ownership related to performance-based restricted share units (RSUs).

Summary

• Tim Foote, the Chief Financial Officer of BlackBerry Limited, filed a Form 4 with the SEC.
• The filing reports the acquisition and disposal of performance-based restricted share units (RSUs) on April 15, 2025.
• Foote acquired 28,854 RSUs based on the satisfaction of performance conditions.
• Foote disposed of 28,854 RSUs.
• These RSUs represent a contingent right to receive common shares or an equivalent amount of cash, or a combination of both, at BlackBerry's discretion.
• 1,847 RSUs will vest on January 6, 2026, 2,187 will vest on January 2, 2027, 9,114 will vest on April 4, 2027, and 15,706 will vest on January 2, 2028, contingent upon continued employment with BlackBerry.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, so the sentiment is neutral.

Future Outlook

The vesting of the RSUs is contingent upon the reporting person's continued employment with BlackBerry Limited.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The vesting of RSUs aligns management's interests with those of shareholders, as the value of the RSUs is tied to the company's performance.

Key Dates

Keywords

Form 4, BlackBerry, Tim Foote, CFO, RSU, Performance-Based Restricted Share Units, Beneficial Ownership, SEC