Form 4: Laurie Smaldone Alsup Reports Acquisition of Deferred Share Units in BlackBerry Ltd

Director Laurie Smaldone Alsup reports acquiring 17,763 Deferred Share Units (DSUs) in BlackBerry Ltd on May 31, 2024, bringing the total direct holdings to 286,929 DSUs.

Summary

• On May 31, 2024, Laurie Smaldone Alsup, a director of BlackBerry Ltd, acquired 17,763 Deferred Share Units (DSUs).
• Each DSU is equivalent to one common share of BlackBerry.
• The DSUs will be payable in cash, common shares, or a combination thereof, at BlackBerry's discretion, following the cessation of Alsup's service as a director.
• Following the transaction, Alsup directly owns 286,929 DSUs.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a standard transaction related to director compensation, indicating alignment of interests with shareholders.

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 reflects standard compensation practices for directors, often involving deferred share units that vest over time and are paid out upon departure from the board. This aligns director interests with long-term shareholder value.

Stakeholder Impact

• The acquisition of DSUs aligns the director's interests with those of the shareholders, as the value of the DSUs is tied to the performance of BlackBerry's common shares.

Key Dates