Form 4: BlackBerry Director Wayne Wouters Reports Acquisition of Deferred Share Units
SEC Form 4 Filing
Director Wayne Wouters reports acquisition of 17,763 Deferred Share Units (DSUs) of BlackBerry Limited on February 29, 2024.
Summary
- Wayne Wouters, a director of BlackBerry Limited, reported a transaction on February 29, 2024.
- The transaction involved the acquisition of 17,763 Deferred Share Units (DSUs).
- Each DSU is equivalent to one common share of BlackBerry.
- These DSUs will be payable in cash, common shares, or a combination thereof, after Wouters ceases to be a director.
- Following the reported transaction, Wouters beneficially owns 262,033 DSUs.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, 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
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 02/29/2024 | Date of transaction: Acquisition of Deferred Share Units |
| 03/04/2024 | Date of signature on the Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.