leadership
confidence high
sentiment neutral
materiality 0.55
BlackBerry enhances CEO John Giamatteo's severance to 24 months salary plus 2x bonus lump sum
BLACKBERRY Ltd
- Salary continuance increased from 12 months (+1 per year) to 24 months on qualifying termination.
- New lump sum payment equal to 2x target annual bonus under the Variable Incentive Plan.
- Unvested equity awards continue to vest during the 24-month severance period.
- Amendment effective April 1, 2025, approved by Board on Compensation Committee recommendation.