Brown Gregory Q - Mar 9, 2023 Form 4 Insider Report for Motorola Solutions, Inc. (MSI)

Role
Chairman and CEO, Director
Signature
Kristin L. Kruska, on behalf of Gregory Q. Brown, Chairman and Chief Executive Officer (Power of Attorney on File)
Stock symbol
MSI
Transactions as of
Mar 9, 2023
Transactions value $
-$987,962
Form type
4
Date filed
3/13/2023, 05:05 PM
Previous filing
Mar 10, 2023
Next filing
Mar 15, 2023

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 +8.53K +9.42% $0.00 99.1K Mar 10, 2023 Direct F1, F2
transaction MSI Motorola Solutions, Inc. - Common Stock Tax liability -$988K -3.78K -3.81% $261.48 95.3K Mar 10, 2023 Direct F2
holding MSI Motorola Solutions, Inc. - Common Stock 2.22K Mar 9, 2023 Held by wife
holding MSI Motorola Solutions, Inc. - Common Stock 81K Mar 9, 2023 By Trust F3
holding MSI Motorola Solutions, Inc. - Common Stock 78.8K Mar 9, 2023 By Trust F4
holding MSI Motorola Solutions, Inc. - Common Stock 24.7K Mar 9, 2023 By Trust F5
holding MSI Motorola Solutions, Inc. - Common Stock 22.5K Mar 9, 2023 By Trust F6
holding MSI Motorola Solutions, Inc. - Common Stock 53.6K Mar 9, 2023 2021 Grantor Retained Annuity Trust, reporting person is the Trustee
holding MSI Motorola Solutions, Inc. - Common Stock 102K Mar 9, 2023 2022-1 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 +22.1K $0.00 22.1K Mar 9, 2023 Motorola Solutions, Inc. - Common Stock 22.1K Direct F7, F8
transaction MSI Market Stock Units Options Exercise $0 -7.05K -33.33% $0.00 14.1K Mar 10, 2023 Motorola Solutions, Inc. - Common Stock 7.05K 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 (7,049) and payout (8,529) of the first tranche (1/3) of the market stock units ("MSU") granted on March 10, 2022 at 121% payout factor and such payment includes 1,480 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.