BRACE PHILIP G 4

What Happened

• Philip G. Brace, a director of BlackBerry Limited (BB), received a grant of 23,230 Deferred Share Units (DSUs) on February 28, 2026. The filing lists this as an award/acquisition (transaction code A); no per-share price or immediate cash value is provided (price reported as N/A). This is a compensation award (not a market purchase or sale).

Key Details

• Transaction date: 2026-02-28 (Form 4 filed 2026-03-03).
• Transaction type: Grant / Award (code A) of 23,230 Deferred Share Units (derivative instrument).
• Price / value: N/A in the filing (no dollar value reported).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: Each DSU equals the economic equivalent of one common share and becomes payable (in cash, common shares, or a combination) at BlackBerry’s discretion following the reporting person’s cessation of service as a director (see footnote F1).
• Timeliness: Filing date is Mar 3, 2026; the filing itself does not flag a late/untimely reporting indicator in the provided data.

Context

• DSUs are deferred compensation tied to future payout rather than an immediate equity purchase — they do not represent current tradable shares. Such awards are routine for directors and reflect compensation arrangements rather than an open-market buy or sell.