Armstrong-Owen Jennifer 4

What Happened

• Jennifer Armstrong‑Owen, Senior Vice President & Chief People Officer of BlackBerry Limited, received a grant of 31,751 performance‑based restricted share units (RSUs) reported on 2026‑03‑31. The award is recorded as a derivative/award (code A); no per‑share price or immediate cash value is reported in the filing.
• This is a compensation award (not a purchase or sale). The RSUs are contingent on performance conditions and employment; they will vest and convert to shares or cash only if conditions are met.

Key Details

• Transaction date: 2026‑03‑31 (Form 4 filed 2026‑04‑09).
• Grant: 31,751 performance‑based RSU units; price listed as N/A (derivative award).
• Vesting/settlement: Per footnote, each unit is a contingent right to one common share or cash (or combination) at BlackBerry’s discretion. Footnote indicates these RSUs will vest on April 4, 2027 if Armstrong‑Owen remains employed and performance conditions are satisfied.
• Shares owned after transaction: Not specified in the provided filing details.
• Filing timeliness: Form filed on 2026‑04‑09 for a 2026‑03‑31 grant — later than the typical two‑business‑day Form 4 deadline; investors may want to note the late filing.

Context

• These are performance‑based RSUs (derivative awards). They do not represent immediate share purchases or sales and only convert to equity/cash upon vesting and meeting performance/employment conditions.
• Compensation grants like this are routine for executives and are primarily part of long‑term incentive pay rather than a direct signal of insider buying or selling.