Form 4 for MSI Motorola Solutions
Accepted 2023-03-15 00:00:00 ET · period of report 2023-03-13 · accession 0001062993-23-006952 · 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 | 2023-03-15 | 2023-03-13 | MSI | NAIK RAJAN | SVP, Strategy, Ventures | M - OptEx | $0.00 | +2,257 | 15.2K | +17% | $0 |
| DM | 2023-03-15 | 2023-03-13 | MSI | NAIK RAJAN | SVP, Strategy, Ventures | F - Tax | $261.15 | -1,426 | 13.0K | -10% | -$372.3K |
| D | 2023-03-15 | 2023-03-13 | MSI | NAIK RAJAN | SVP, Strategy, Ventures | M - OptEx | $0.00 | -1,485 | 0 | -100% | $0 |
| D | 2023-03-15 | 2023-03-13 | MSI | NAIK RAJAN | SVP, Strategy, Ventures | A - Grant | $0.00 | +11.2K | 11.2K | New | $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 | 2023-03-13 | M | A | 2,257 | $0.00 | 15,217.98 | D | — | — | (F2) Represents the vesting (1,485) and payout (2,257) of the third tranche (1/3) of the market stock units (MSU) granted on March 13, 2020 at 152% payout factor and such payment includes 772 shares which were above the target number of shares originally reported. |
| 2 | Common | Motorola Solutions, Inc. - Common Stock | 2023-03-13 | F | D | 863 | $261.15 | 14,354.98 | D | — | — | |
| 3 | Common | Motorola Solutions, Inc. - Common Stock | 2023-03-13 | F | D | 562.57 | $261.15 | 12,960.98 | D | — | — | |
| 4 | Derivative | Market Stock Units | 2023-03-13 | M | D | 1,485 | $0.00 | 0 | D | — · — to — | 1,485 Motorola Solutions, Inc. - Common Stock | (F4) 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. (F3) 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. |
| 5 | Derivative | Performance Options | 2023-03-13 | A | A | 11,243 | $0.00 | 11,243 | D | $154.95 · — to 2030-03-13 | 11,243 Motorola Solutions, Inc. - Common Stock | (F5) Represents the vesting of performance based stock options granted to the reporting person on March 13, 2020 that were eligible to vest on the third anniversary date of the grant or March 13, 2023 based on the satisfaction of certain financial performance objectives. On March 13, 2023, the Company determined that, based on the Company's performance over the applicable performance period, 11,243 options would vest. |