John P. Molloy - Mar 22, 2022 Form 4 Insider Report for Motorola Solutions, Inc. (MSI)

Role
EVP and COO
Signature
Lauren E. Henderson, on behalf of John P. Molloy, Executive Vice President and Chief Operating Officer (Power of Attorney Attached)
Stock symbol
MSI
Transactions as of
Mar 22, 2022
Transactions value $
-$326,783
Form type
4
Date filed
3/24/2022, 04:19 PM
Previous filing
Mar 14, 2022
Next filing
Jun 3, 2022

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 +3.18K +9.02% $0.00 38.4K Mar 22, 2022 Direct F1, F2
transaction MSI Motorola Solutions, Inc. - Common Stock Tax liability -$327K -1.41K -3.67% $232.09 37K Mar 22, 2022 Direct F2

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 -2.01K -100% $0.00* 0 Mar 22, 2022 Motorola Solutions, Inc. - Common Stock 2.01K Direct F3, F4
transaction MSI Performance Options Award $0 +31.6K $0.00 31.6K Mar 22, 2022 Motorola Solutions, Inc. - Common Stock 31.6K $138.64 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the vesting (2,012) and payout (3,178) of the third tranche (1/3) of the market stock units (MSU) granted on March 22, 2019 at 158% payout factor and such payment includes 1,166 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 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.
F5 Represents the vesting of performance based stock options granted to the reporting person on March 22, 2019 that were eligible to vest on the third anniversary date of the grant of March 22, 2022 based on the satisfaction of certain financial performance objectives. On March 22, 2022, the Company determined that, based on the Company's performance over the applicable performance period, 31,599 options would vest.

Remarks:

Exhibit 24 - Power of Attorney - CE