Form 4: BlackBerry Director Lisa Disbrow Acquires 20,040 Deferred Share Units

BlackBerry director Lisa Disbrow acquired 20,040 deferred share units, which are economically equivalent to common shares, on November 30, 2024.

Summary

• Lisa Disbrow, a director at BlackBerry Limited, acquired 20,040 deferred share units (DSUs) on November 30, 2024.
• Each DSU is equivalent to one common share of BlackBerry.
• The DSUs will be payable in cash, common shares, or a combination of both, at BlackBerry's discretion, after Ms. Disbrow ceases to be a director.
• Following this transaction, Ms. Disbrow directly owns 256,238 common shares.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of deferred share units to a director, which is a neutral event. The sentiment is slightly positive as it indicates continued alignment of interests between the director and the company.

Future Outlook

The deferred share units will be settled in cash or common shares or a combination of both after Ms. Disbrow's service as a director ends.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders who have transactions in their company's securities. It reflects a typical compensation practice of granting deferred share units to directors.

Comparison to Industry Standards

• The granting of deferred share units to directors is a common practice across many publicly traded companies as part of their compensation packages.
• These units are often used to align the interests of directors with those of shareholders, as the value of the units is tied to the company's stock performance.
• Many technology companies, such as Microsoft, Apple, and Google, use similar equity-based compensation methods for their board members.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's performance.
• The transaction has no direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

BlackBerry, Deferred Share Units, Director, Lisa Disbrow, Share Ownership, SEC Form 4