Rajan Naik - Mar 7, 2022 Form 4 Insider Report for Motorola Solutions, Inc. (MSI)

Role: SVP, Strategy & Ventures
Signature: Lauren E. Henderson, on behalf of Rajan S. Naik, Senior Vice President, Strategy and Ventures (Power of Attorney Attached)
Stock symbol: MSI
Transactions as of: Mar 7, 2022
Transactions value $: -$189,051
Form type: 4
Date filed: 3/9/2022, 03:31 PM
Previous filing: Feb 17, 2022
Next filing: Mar 14, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MSI	Motorola Solutions, Inc. - Common Stock	Tax liability	-$115K	-529	-6.92%	$216.51	7.12K	Mar 7, 2022	Direct	F1
transaction	MSI	Motorola Solutions, Inc. - Common Stock	Options Exercise	$0	+1.15K	+16.21%	$0.00	8.27K	Mar 8, 2022	Direct	F2
transaction	MSI	Motorola Solutions, Inc. - Common Stock	Tax liability	-$74.5K	-348	-4.21%	$214.13	7.92K	Mar 8, 2022	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	MSI	Market Stock Units	Options Exercise	$0	-946	-33.36%	$0.00	1.89K	Mar 8, 2022	Motorola Solutions, Inc. - Common Stock	946		Direct	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the shares withheld by the Company to satisfy the tax withholding requirement upon settlement (on March 7, 2022 per the award terms) of performance stock units, which were determined to be earned on February 15, 2022 based on performance results for the applicable performance period, as previously reported on a Form 4 as of February 17, 2022.
F2	Represents the vesting (946) and payout (1,154) of the first tranche (1/3) of the market stock units ("MSU") granted on March 8, 2021 at 122% payout factor and such payment includes 208 shares which were above the target number of shares originally reported.
F3	Each market stock unit ("MSU") converts into shares of common stock on a 1-for-1 basis but the number of MSUs earned varies from 0% to 200% of the target number of MSUs based on the average of the closing price of the Company's common stock on the date of grant and the thirty calendar days immediately preceding the date of grant (referred to as Share Price on Date of Grant) as compared to the closing share price of the Company's common stock on the vesting date and the thirty calendar days immediately preceding the vesting date (referred to as Share Price on Vesting Date). The target number of MSUs is reported in this Report.
F4	One third of the MSU award will vest on each of the first, second and third anniversaries of the date of grant and will be converted into shares of common stock based on a payout factor, provided that the MSUs will only vest if the Share Price on the Vesting Date equals at least 60% of the Share Price on the Date of Grant.

Remarks:

Exhibit 24 - Power of Attorney - CE