Foote Tim 4

What Happened

• Tim Foote, Chief Financial Officer of BlackBerry Limited (BB), received a grant of 26,342 derivative units on March 31, 2026. The filing reports these as performance-based restricted share units (RSUs) — a grant/award (Form 4 code A).
• No purchase price or cash value is reported in the Form 4 (price listed as N/A). The units are contingent rights to receive common shares (or cash equivalent) if performance and service conditions are met.

Key Details

• Transaction date: March 31, 2026; Form 4 filed April 9, 2026 (appears to be filed after the typical 2-business-day window for Form 4s).
• Type: Award/Grant of 26,342 performance-based RSUs (derivative instrument — settlement in shares or cash at company’s discretion).
• Vesting schedule (from filing footnote): 2,131 RSUs vest Jan 2, 2027; 8,891 RSUs vest Apr 4, 2027; 15,320 RSUs vest Jan 2, 2028 — all contingent on continued employment and satisfaction of performance conditions.
• Shares owned after transaction: Not disclosed in this filing.
• Footnotes: F1 explains each unit is a contingent right to one common share or cash equivalent; F2 details the performance-based vesting schedule above.

Context

• These are compensation awards, not open-market purchases or sales. Performance RSUs are conditional compensation: they do not represent immediately tradable shares until they vest and are settled.
• Such grants are routine for executives and are designed to align pay with company performance; they should not be read as a direct buying or selling signal.