Mark S. Hacker - 10 Mar 2022 Form 4 Insider Report for Motorola Solutions, Inc. (MSI)

Reporting relationship: EVP, GC & Chief Admin Officer
Issuer ticker: MSI
Reported as of: 10 Mar 2022
Net transaction value: -$255,479
SEC form: 4
Accepted by SEC: 14 Mar 2022, 16:26:33 UTC
Prior SEC filing: 09 Mar 2022
Next SEC filing: 24 Mar 2022
Source filing: View source filing
Reporting owner signature: Lauren E. Henderson, on behalf of Mark S. Hacker, Executive Vice President, General Counsel & Chief Administrative Officer (Power of Attorney on File)

Key filing fact

Mark S. Hacker filed Form 4 for Motorola Solutions, Inc. (MSI) on 14 Mar 2022.

Key facts

This page summarizes Mark S. Hacker's Form 4 filing for Motorola Solutions, Inc. (MSI).
4 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 14 Mar 2022, 16:26.

Change

Previous filing in this sequence was filed on 09 Mar 2022.
Current net transaction value: -$255,479.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

MSI transaction

Motorola Solutions, Inc. - Common Stock

Options Exercise

Transaction value: $0
Shares: +2,600
Change %: +14%
Price: $0.000000
Shares after: 20,766
Date: 13 Mar 2022
Ownership: Direct
Footnotes: F1, F2

MSI transaction

Motorola Solutions, Inc. - Common Stock

Tax liability

Transaction value: $255,479
Shares: -1,152
Change %: -5.5%
Price: $221.77
Shares after: 19,614
Date: 13 Mar 2022
Ownership: Direct
Footnotes: F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

MSI transaction Derivative

Market Stock Units

Award

Transaction value: $0
Shares: +3,345
Change %
Price: $0.000000
Shares after: 3,345
Date: 10 Mar 2022
Ownership: Direct
Underlying class: Motorola Solutions, Inc. - Common Stock
Underlying amount: 3,345
Exercise price
Footnotes: F3, F4

MSI transaction Derivative

Market Stock Units

Options Exercise

Transaction value: $0
Shares: -2,080
Change %: -50%
Price: $0.000000
Shares after: 2,080
Date: 13 Mar 2022
Ownership: Direct
Underlying class: Motorola Solutions, Inc. - Common Stock
Underlying amount: 2,080
Exercise price
Footnotes: F3, F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Represents the vesting (2,080) and payout (2,600) 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 520 shares which were above the target number of shares originally reported.

Footnote F2

Includes shares acquired under the Motorola Solutions Employee Stock Purchase Plan.

Footnote 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.

Footnote 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.