WATERLOO, ON, Feb. 25, 2022 /PRNewswire/ -- BlackBerry limited (NYSE: BB; TSX: BB) nowadays announced that it has granted an equity inducement award to John Giamatteo, President of BlackBerry's Cybersecurity company unit.
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BlackBerry is issuing this announcement pursuant to, and in reliance on, the employment inducement exemption below the NYSE's Listed company guide Rule 303A.08. Mr. Giamatteo's fairness inducement award changed into granted outside of the business's Amended and Restated equity Incentive Plan.
Mr. Giamatteo acquired an award of 800,425 time-primarily based and efficiency-based mostly restricted share devices (the "RSUs") as a fabric inducement to moving into employment with BlackBerry. Mr. Giamatteo's employment began on October 4, 2021.
The time-primarily based RSUs will vest in equal installments on the first three anniversaries of January three, 2022. subject to the pride of definite performance conditions, the efficiency-based mostly RSUs will vest on January 3, 2025.
If Mr. Giamatteo's employment is terminated devoid of trigger or he resigns for respectable rationale absent a transformation of handle, any unvested RSUs will continue to vest all over the severance duration offered below Mr. Giamatteo's employment contract. If Mr. Giamatteo's employment is terminated devoid of trigger or he resigns for good reason all the way through the negotiation of or inside 24 months following the completion of a transformation of control, or if Mr. Giamatteo dies, any unvested RSUs will vest immediately. Any unvested RSUs may be cancelled in the experience of Mr. Giamatteo's resignation or termination for trigger.
About BlackBerry
BlackBerry (NYSE: BB; TSX: BB) gives intelligent safety software and functions to agencies and governments world wide. The business secures more than 500M endpoints including over 195M automobiles. based in Waterloo, Ontario, the business leverages AI and desktop researching to deliver imaginitive options within the areas of cybersecurity, security and records privateness solutions, and is a frontrunner within the areas of endpoint management, endpoint safety, encryption, and embedded methods. BlackBerry's imaginative and prescient is clear - to secure a linked future that you could trust.
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