Karen E. Dunning - Mar 8, 2024 Form 4 Insider Report for Motorola Solutions, Inc. (MSI)

Role: SVP, Human Resources
Signature: Alejandro Dieguez, on behalf of Karen E. Dunning, Senior Vice President, Human Resources (Power of Attorney on File)
Stock symbol: MSI
Transactions as of: Mar 8, 2024
Transactions value $: -$423,185
Form type: 4
Date filed: 3/12/2024, 04:10 PM
Previous filing: Feb 23, 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	-$243K	-725	-23.63%	$335.41	2.34K	Mar 8, 2024	Direct	F1, F2
transaction	MSI	Motorola Solutions, Inc. - Common Stock	Tax liability	-$44.8K	-134	-5.71%	$335.41	2.21K	Mar 8, 2024	Direct	F2
transaction	MSI	Motorola Solutions, Inc. - Common Stock	Options Exercise	$0	+598	+27.08%	$0.00	2.81K	Mar 9, 2024	Direct	F2, F3
transaction	MSI	Motorola Solutions, Inc. - Common Stock	Tax liability	-$78.9K	-235	-8.39%	$335.41	2.57K	Mar 9, 2024	Direct	F2
transaction	MSI	Motorola Solutions, Inc. - Common Stock	Tax liability	-$56.4K	-168	-6.54%	$335.41	2.4K	Mar 10, 2024	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	-483	-33.38%	$0.00	964	Mar 9, 2024	Motorola Solutions, Inc. - Common Stock	483		Direct	F4, F5

* 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 (483) and payout (598) 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 115 shares which were above the target number of shares originally reported.
F4	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.
F5	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.