Brown Gregory Q - Mar 8, 2024 Form 4 Insider Report for Motorola Solutions, Inc. (MSI)

Signature
Alejandro Dieguez, on behalf of Gregory Q. Brown, Chairman and Chief Executive Officer (Power of Attorney on File)
Stock symbol
MSI
Transactions as of
Mar 8, 2024
Transactions value $
-$13,317,298
Form type
4
Date filed
3/12/2024, 04:10 PM
Previous filing
Feb 28, 2024
Next filing
Mar 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MSI Motorola Solutions, Inc. - Common Stock Tax liability -$8.15M -24.3K -22.44% $335.41 84K Mar 8, 2024 Direct F1, F2
transaction MSI Motorola Solutions, Inc. - Common Stock Options Exercise $0 +16.1K +19.22% $0.00 100K Mar 8, 2024 Direct F2, F3
transaction MSI Motorola Solutions, Inc. - Common Stock Tax liability -$2.25M -6.71K -6.7% $335.41 93.4K Mar 8, 2024 Direct F2
transaction MSI Motorola Solutions, Inc. - Common Stock Options Exercise $0 +9.11K +9.75% $0.00 103K Mar 9, 2024 Direct F2, F4
transaction MSI Motorola Solutions, Inc. - Common Stock Tax liability -$1.35M -4.04K -3.94% $335.41 98.5K Mar 9, 2024 Direct F2
transaction MSI Motorola Solutions, Inc. - Common Stock Options Exercise $0 +10.5K +10.66% $0.00 109K Mar 10, 2024 Direct F2, F5
transaction MSI Motorola Solutions, Inc. - Common Stock Tax liability -$1.56M -4.65K -4.27% $335.41 104K Mar 10, 2024 Direct F2
holding MSI Motorola Solutions, Inc. - Common Stock 2.22K Mar 8, 2024 Held by wife
holding MSI Motorola Solutions, Inc. - Common Stock 81K Mar 8, 2024 By Trust F6
holding MSI Motorola Solutions, Inc. - Common Stock 53.2K Mar 8, 2024 By Trust F7
holding MSI Motorola Solutions, Inc. - Common Stock 18.3K Mar 8, 2024 By Trust F8
holding MSI Motorola Solutions, Inc. - Common Stock 17.2K Mar 8, 2024 By Trust F9
holding MSI Motorola Solutions, Inc. - Common Stock 64.1K Mar 8, 2024 2022-1 Grantor Retained Annuity Trust, reporting person is the Trustee
holding MSI Motorola Solutions, Inc. - Common Stock 85.4K Mar 8, 2024 2023-1 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 Performance Options Award $0 +163K $0.00 163K Mar 8, 2024 Motorola Solutions, Inc. - Common Stock 163K $179.21 Direct F10
transaction MSI Market Stock Units Options Exercise $0 -8.87K -100% $0.00* 0 Mar 8, 2024 Motorola Solutions, Inc. - Common Stock 8.87K Direct F11, F12
transaction MSI Market Stock Units Options Exercise $0 -7.35K -33.33% $0.00 14.7K Mar 9, 2024 Motorola Solutions, Inc. - Common Stock 7.35K Direct F11, F12
transaction MSI Market Stock Units Options Exercise $0 -7.05K -50% $0.00 7.05K Mar 10, 2024 Motorola Solutions, Inc. - Common Stock 7.05K Direct F11, F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the shares withheld by the Company to satisfy the tax withholding requirement upon settlement (on March 8, 2024 per the award terms) of performance stock units, which were determined to be earned on February 21, 2024 based on performance results for the applicable performance period, as previously reported on a Form 4 as of February 23, 2024.
F2 Includes shares acquired under the Motorola Solutions Employee Stock Purchase Plan and through the reinvestment of dividends.
F3 Represents the vesting (8,872) and payout (16,147) of the third tranche (1/3) of the market stock units (MSU) granted on March 8, 2021 at 182% payout factor and such payment includes 7,275 shares which were above the target number of shares originally reported.
F4 Represents the vesting (7,350) and payout (9,114) of the first tranche (1/3) of the market stock units (MSU) granted on March 9, 2023 at 124% payout factor and such payment includes 1,764 shares which were above the target number of shares originally reported.
F5 Represents the vesting (7,049) and payout (10,503) of the second tranche (1/3) of the market stock units (MSU) granted on March 10, 2022 at 149% payout factor and such payment includes 3,454 shares which were above the target number of shares originally reported.
F6 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.
F7 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.
F8 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.
F9 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.
F10 Represents the vesting of performance based stock options granted to the reporting person on March 8, 2021 that were eligible to vest on the third anniversary date of the grant or March 8, 2024 based on the satisfaction of certain financial performance objectives. On March 8, 2024, the Company determined that, based on the Company's performance over the applicable performance period, 162,748 options would vest.
F11 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.
F12 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.