Brown Gregory Q - Mar 22, 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)
Stock symbol
MSI
Transactions as of
Mar 22, 2022
Transactions value $
-$1,453,580
Form type
4
Date filed
3/24/2022, 04:20 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 +14.1K +15.95% $0.00 103K Mar 22, 2022 Direct F1, F2
transaction MSI Motorola Solutions, Inc. - Common Stock Tax liability -$1.45M -6.26K -6.09% $232.09 96.5K Mar 22, 2022 Direct F2
holding MSI Motorola Solutions, Inc. - Common Stock 2.22K Mar 22, 2022 Held by wife
holding MSI Motorola Solutions, Inc. - Common Stock 81K Mar 22, 2022 By Trust F3
holding MSI Motorola Solutions, Inc. - Common Stock 78.8K Mar 22, 2022 By Trust F4
holding MSI Motorola Solutions, Inc. - Common Stock 30.4K Mar 22, 2022 By Trust F5
holding MSI Motorola Solutions, Inc. - Common Stock 28.2K Mar 22, 2022 By Trust F6
holding MSI Motorola Solutions, Inc. - Common Stock 59.7K Mar 22, 2022 2020-1 Grantor Retained Annuity Trust, reporting person is the Trustee
holding MSI Motorola Solutions, Inc. - Common Stock 13.6K Mar 22, 2022 2020-6 Grantor Retained Annuity Trust, reporting person is the Trustee
holding MSI Motorola Solutions, Inc. - Common Stock 18.5K Mar 22, 2022 2020-7 Grantor Retained Annuity Trust, reporting person is the Trustee
holding MSI Motorola Solutions, Inc. - Common Stock 94.7K Mar 22, 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 Options Exercise $0 -8.95K -100% $0.00* 0 Mar 22, 2022 Motorola Solutions, Inc. - Common Stock 8.95K Direct F7, F8
transaction MSI Performance Options Award $0 +140K $0.00 140K Mar 22, 2022 Motorola Solutions, Inc. - Common Stock 140K $138.64 Direct F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the vesting (8,947) and payout (14,136) 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 5,189 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.
F9 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 or March 22, 2022 based on the satisfaction of certain financial performance objective. On March 22, 2022, the Company determined that, based on the Company's performance over the applicable performance period, 140,460 options would vest.