BlackBerry (BB) awards CFO Tim Foote 229,057 restricted share units vesting to 2029
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Foote Tim reported acquisition or exercise transactions in this Form 4 filing.
BlackBerry Limited granted Chief Financial Officer Tim Foote 229,057 restricted share units (RSUs). Each unit represents a contingent right to receive one common share, cash of equivalent value, or a combination, at BlackBerry’s discretion. The award was granted on April 9, 2026 and is tied to continued employment.
The RSUs vest in twelve equal quarterly installments ending on April 9, 2029, creating a multi‑year incentive for the CFO to remain with the company and align compensation with longer-term performance. After this grant, Foote’s reported RSU holdings from this award total 229,057 units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Foote Tim
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Units | 229,057 | $0.00 | -- |
Holdings After Transaction:
Restricted Share Units — 229,057 shares (Direct)
Footnotes (1)
- Each unit represents a contingent right to receive one common share or an equivalent amount of cash, or a combination of the two, at the discretion of BlackBerry Limited. This award was granted on April 9, 2026 and, assuming continued employment through the applicable vesting date, vests in twelve equal quarterly installments ending April 9, 2029.
Key Figures
RSU grant size: 229,057 units
Underlying common shares: 229,057 shares
Vesting schedule: 12 equal quarterly installments
+3 more
6 metrics
RSU grant size
229,057 units
Restricted share units granted to CFO Tim Foote on April 9, 2026
Underlying common shares
229,057 shares
Each RSU represents a contingent right to one common share or cash equivalent
Vesting schedule
12 equal quarterly installments
Installments from grant date through April 9, 2029, assuming continued employment
Expiration of vesting period
April 9, 2029
Final quarterly vesting date for the RSU award
Price per unit at grant
$0.0000 per unit
Grant/award acquisition with no exercise or purchase price
RSUs held from this award after grant
229,057 units
Total RSUs from this specific grant following the transaction
Key Terms
Restricted Share Units, contingent right, common share, grant/award acquisition, +1 more
5 terms
contingent right financial
"Each unit represents a contingent right to receive one common share"
grant/award acquisition financial
"transaction_action: "grant/award acquisition""
vesting financial
"vests in twelve equal quarterly installments ending April 9, 2029"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What did BlackBerry (BB) CFO Tim Foote receive in this Form 4 filing?
Tim Foote received a grant of 229,057 restricted share units (RSUs) from BlackBerry. These RSUs are a form of equity-based compensation that can settle in common shares, cash of equivalent value, or a combination at the company’s discretion.
Is this BlackBerry (BB) Form 4 a market purchase or sale by the CFO?
This Form 4 reports a grant of restricted share units, not a market purchase or sale. The transaction is classified as a grant/award acquisition, reflecting compensation rather than an open-market trade, and therefore carries limited signaling about the CFO’s trading views.
What ongoing commitment does the BlackBerry (BB) RSU grant imply for the CFO?
The RSU award assumes continued employment through each vesting date up to April 9, 2029. If Tim Foote remains employed, the RSUs vest quarterly, linking a significant portion of his compensation to long-term tenure and company performance over several years.