Form 4 for MSI Motorola Solutions
Accepted 2023-03-13 00:00:00 ET · period of report 2023-03-09 · accession 0001062993-23-006774 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-03-13 | 2023-03-10 | MSI | YAZDI CYNTHIA | SVP, Comms, Brand | F - Tax | $261.48 | -347.93 | 3,323 | -9% | -$91.0K |
| DM | 2023-03-13 | 2023-03-09+ | MSI | YAZDI CYNTHIA | SVP, Comms, Brand | M - OptEx | $64.59 | +9,615 | 4,796 | New | +$621.0K |
| D | 2023-03-13 | 2023-03-09 | MSI | YAZDI CYNTHIA | SVP, Comms, Brand | S - Sale+OE | $270.37 | -8,734 | 2,873 | -75% | -$2.36M |
| D | 2023-03-13 | 2023-03-09 | MSI | YAZDI CYNTHIA | SVP, Comms, Brand | A - Grant | $0.00 | +1,837 | 1,837 | New | $0 |
| DM | 2023-03-13 | 2023-03-09+ | MSI | YAZDI CYNTHIA | SVP, Comms, Brand | M - OptEx | $0.00 | -9,477 | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Motorola Solutions, Inc. - Common Stock | 2023-03-10 | F | D | 347.93 | $261.48 | 3,322.64 | D | — | — | (F1) Includes shares acquired through the reinvestment of dividends. |
| 2 | Common | Motorola Solutions, Inc. - Common Stock | 2023-03-10 | M | A | 798 | $0.00 | 3,670.56 | D | — | — | (F3) Represents the vesting (660) and payout (798) 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 138 shares which were above the target number of shares originally reported. (F1) Includes shares acquired through the reinvestment of dividends. |
| 3 | Common | Motorola Solutions, Inc. - Common Stock | 2023-03-09 | M | A | 6,811 | $71.22 | 11,606.56 | D | — | — | (F1) Includes shares acquired through the reinvestment of dividends. |
| 4 | Common | Motorola Solutions, Inc. - Common Stock | 2023-03-09 | M | A | 2,006 | $67.76 | 4,795.56 | D | — | — | (F1) Includes shares acquired through the reinvestment of dividends. |
| 5 | Common | Motorola Solutions, Inc. - Common Stock | 2023-03-09 | S | D | 8,734 | $270.37 | 2,872.56 | D | — | — | (F2) $270.3701 is the weighted average sales price. Prices for this transaction ranged from $270.22 to $270.575. The reporting person undertakes to provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price. (F1) Includes shares acquired through the reinvestment of dividends. |
| 6 | Derivative | Market Stock Units | 2023-03-09 | A | A | 1,837 | $0.00 | 1,837 | D | — · — to — | 1,837 Motorola Solutions, Inc. - Common Stock | (F6) 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. (F7) 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. |
| 7 | Derivative | Market Stock Units | 2023-03-10 | M | D | 660 | $0.00 | 1,319 | D | — · — to — | 660 Motorola Solutions, Inc. - Common Stock | (F7) 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. (F6) 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. |
| 8 | Derivative | Employee Stock Option - Right to Buy | 2023-03-09 | M | D | 2,006 | $0.00 | 0 | D | $67.76 · — to 2025-10-01 | 2,006 Motorola Solutions, Inc. - Common Stock | (F4) These options vested in three equal annual installments beginning on October 1, 2016. |
| 9 | Derivative | Employee Stock Option - Right to Buy | 2023-03-09 | M | D | 6,811 | $0.00 | 0 | D | $71.22 · — to 2026-03-10 | 6,811 Motorola Solutions, Inc. - Common Stock | (F5) These options vested in three equal annual installments beginning on March 10, 2017. |