Form 4: BlackBerry Director Michael Daniels Reports Acquisition of Deferred Share Units

Director Michael Daniels reports acquiring 19,079 Deferred Share Units (DSUs) of BlackBerry Limited on February 29, 2024.

Summary

• Michael Daniels, a director of BlackBerry Limited, filed a Form 4 with the SEC on March 4, 2024.
• The filing reports the acquisition of 19,079 Deferred Share Units (DSUs) on February 29, 2024.
• Following the transaction, Daniels directly owns 288,051 DSUs.
• Each DSU is the economic equivalent of one common share of BlackBerry.
• The DSUs are payable in cash, common shares, or a combination thereof, at BlackBerry's discretion, following Daniels' cessation of service as a director.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing regarding director compensation, indicating a neutral sentiment.

Future Outlook

The DSUs become payable, in cash or common shares or a combination of the two, at the discretion of BlackBerry Limited following cessation of the reporting person's service as a director of BlackBerry.

Industry Context

This filing is a routine disclosure related to director compensation and holdings, and doesn't necessarily reflect a significant event for BlackBerry or the broader tech industry.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects a change in director's holdings.
• The transaction has a minor impact on employees as it reflects a change in director's holdings.
• The transaction has a minor impact on customers as it reflects a change in director's holdings.
• The transaction has a minor impact on suppliers as it reflects a change in director's holdings.
• The transaction has a minor impact on creditors as it reflects a change in director's holdings.

Key Dates