Mahesh Saptharishi - Mar 8, 2024 Form 4 Insider Report for Motorola Solutions, Inc. (MSI)

Signature
Alejandro Dieguez, on behalf of Mahesh Saptharishi, Executive Vice President and Chief Technology Officer (Power of Attorney on File)
Stock symbol
MSI
Transactions as of
Mar 8, 2024
Transactions value $
-$1,201,332
Form type
4
Date filed
3/12/2024, 04:13 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 -$543K -1.62K -10.03% $335.41 14.5K Mar 8, 2024 Direct F1, F2
transaction MSI Motorola Solutions, Inc. - Common Stock Tax liability -$82.4K -246 -1.69% $335.41 14.3K Mar 8, 2024 Direct F2
transaction MSI Motorola Solutions, Inc. - Common Stock Options Exercise $0 +1.84K +12.9% $0.00 16.1K Mar 9, 2024 Direct F2, F3
transaction MSI Motorola Solutions, Inc. - Common Stock Tax liability -$274K -816 -5.07% $335.41 15.3K Mar 9, 2024 Direct F2
transaction MSI Motorola Solutions, Inc. - Common Stock Options Exercise $0 +2.03K +13.3% $0.00 17.3K Mar 10, 2024 Direct F2, F4
transaction MSI Motorola Solutions, Inc. - Common Stock Tax liability -$302K -902 -5.2% $335.41 16.4K 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 -1.49K -33.34% $0.00 2.97K Mar 9, 2024 Motorola Solutions, Inc. - Common Stock 1.49K Direct F5, F6
transaction MSI Market Stock Units Options Exercise $0 -1.37K -50% $0.00 1.37K Mar 10, 2024 Motorola Solutions, Inc. - Common Stock 1.37K Direct F5, F6
* 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 (1,485) and payout (1,841) 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 356 shares which were above the target number of shares originally reported.
F4 Represents the vesting (1,365) and payout (2,033) 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 668 shares which were above the target number of shares originally reported.
F5 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.
F6 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.