BROWN GREGORY Q - 10 Mar 2022 Form 4 Insider Report for Motorola Solutions, Inc. (MSI)

Role
Chairman and CEO, Director
Signature
Lauren E. Henderson, on behalf of Gregory Q. Brown, Chairman and Chief Executive Officer (Power of Attorney on File)
Issuer symbol
MSI
Transactions as of
10 Mar 2022
Net transactions value
-$1,715,169
Form type
4
Filing time
14 Mar 2022, 16:24:17 UTC
Previous filing
09 Mar 2022
Next filing
24 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MSI Motorola Solutions, Inc. - Common Stock Options Exercise $0 +17,458 +22% $0.000000 96,361 13 Mar 2022 Direct F1, F2
transaction MSI Motorola Solutions, Inc. - Common Stock Tax liability $1,715,169 -7,734 -8% $221.77 88,627 13 Mar 2022 Direct F2
holding MSI Motorola Solutions, Inc. - Common Stock 2,220 10 Mar 2022 Held by wife
holding MSI Motorola Solutions, Inc. - Common Stock 81,000 10 Mar 2022 By Trust F3
holding MSI Motorola Solutions, Inc. - Common Stock 78,780 10 Mar 2022 By Trust F4
holding MSI Motorola Solutions, Inc. - Common Stock 30,373 10 Mar 2022 By Trust F5
holding MSI Motorola Solutions, Inc. - Common Stock 28,172 10 Mar 2022 By Trust F6
holding MSI Motorola Solutions, Inc. - Common Stock 59,694 10 Mar 2022 2020-1 Grantor Retained Annuity Trust, reporting person is the Trustee
holding MSI Motorola Solutions, Inc. - Common Stock 13,557 10 Mar 2022 2020-6 Grantor Retained Annuity Trust, reporting person is the Trustee
holding MSI Motorola Solutions, Inc. - Common Stock 18,523 10 Mar 2022 2020-7 Grantor Retained Annuity Trust, reporting person is the Trustee
holding MSI Motorola Solutions, Inc. - Common Stock 94,663 10 Mar 2022 2021 Grantor Retained Annuity Trust, reporting person is the Trustee

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 Award $0 +21,146 $0.000000 21,146 10 Mar 2022 Motorola Solutions, Inc. - Common Stock 21,146 Direct F7, F8
transaction MSI Market Stock Units Options Exercise $0 -13,967 -50% $0.000000 13,966 13 Mar 2022 Motorola Solutions, Inc. - Common Stock 13,967 Direct F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the vesting (13,967) and payout (17,458) of the second tranche (1/3) of the market stock units ("MSU") granted on March 13, 2020 at 125% payout factor and such payment includes 3,491 shares which were above the target number of shares originally reported.
F2 Includes shares acquired under the Motorola Solutions Employee Stock Purchase Plan and through the reinvestment of dividends.
F3 These shares are held in an irrevocable trust for the benefit of the reporting person's wife and children. The reporting person's wife is trustee of this trust.
F4 These shares are held in a family trust for the benefit of the reporting person's children. The reporting person's child is trustee of this trust.
F5 These shares are held in a non-exempt gift trust for the benefit of the reporting person's child. The reporting person's wife is trustee of this trust.
F6 These shares are held in a non-exempt gift trust for the benefit of the reporting person's child. The reporting person's wife is trustee of this trust.
F7 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.
F8 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.