Form 4: BlackBerry CFO Tim Foote Reports Share Disposals to Cover Tax Obligations
SEC Form 4 Filing
BlackBerry's CFO, Tim Foote, reported the disposal of common shares to cover withholding taxes upon the vesting of Restricted Share Units (RSUs).
Summary
- On April 4, 2025, Tim Foote, the Chief Financial Officer of BlackBerry Ltd, reported transactions involving common shares.
- Foote disposed of 5,196 common shares at a weighted average price of $2.99 to cover withholding taxes related to the vesting of Restricted Share Units (RSUs).
- The shares were sold in multiple transactions at prices ranging from $2.99 to $3.01.
- He also acquired 20,255 shares through the vesting of Restricted Share Units.
- Following these transactions, Foote directly owns 31,120 common shares.
- He also owns 40,508 Restricted Share Units.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to executive compensation and share transactions, with no inherent positive or negative sentiment.
Industry Context
Executive share disposals to cover tax obligations are a common practice and do not necessarily indicate a negative outlook for the company.
Key Dates
| Date | Description |
|---|---|
| 04/04/2024 | Date the Restricted Share Units were granted. |
| 04/04/2025 | Date of the reported transactions (share disposal and RSU vesting). |
| 04/04/2027 | Final vesting date for the Restricted Share Units. |
| 04/07/2025 | Date of signature on the Form 4 filing. |
Keywords
BlackBerry, Tim Foote, CFO, share disposal, Restricted Share Units, RSU, Form 4, SEC
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