Form 4 for MSI Motorola Solutions
Accepted 2024-03-12 00:00:00 ET · period of report 2024-03-08 · accession 0001062993-24-006267 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2024-03-12 | 2024-03-09+ | MSI | SAPTHARISHI MAHESH | EVP, CTO | M - OptEx | $0.00 | +3,874 | 16.1K | +32% | $0 |
| DM | 2024-03-12 | 2024-03-08+ | MSI | SAPTHARISHI MAHESH | EVP, CTO | F - Tax | $335.41 | -3,582 | 16.4K | -18% | -$1.20M |
| DM | 2024-03-12 | 2024-03-09+ | MSI | SAPTHARISHI MAHESH | EVP, CTO | M - OptEx | $0.00 | -2,850 | 1,365 | -68% | $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 | 2024-03-10 | M | A | 2,033 | $0.00 | 17,323.65 | D | — | — | (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. (F2) Includes shares acquired under the Motorola Solutions Employee Stock Purchase Plan and through the reinvestment of dividends. |
| 2 | Common | Motorola Solutions, Inc. - Common Stock | 2024-03-09 | F | D | 816.48 | $335.41 | 15,290.65 | D | — | — | (F2) Includes shares acquired under the Motorola Solutions Employee Stock Purchase Plan and through the reinvestment of dividends. |
| 3 | Common | Motorola Solutions, Inc. - Common Stock | 2024-03-09 | M | A | 1,841 | $0.00 | 16,107.13 | D | — | — | (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. (F2) Includes shares acquired under the Motorola Solutions Employee Stock Purchase Plan and through the reinvestment of dividends. |
| 4 | Common | Motorola Solutions, Inc. - Common Stock | 2024-03-08 | F | D | 245.67 | $335.41 | 14,266.13 | D | — | — | (F2) Includes shares acquired under the Motorola Solutions Employee Stock Purchase Plan and through the reinvestment of dividends. |
| 5 | Common | Motorola Solutions, Inc. - Common Stock | 2024-03-08 | F | D | 1,617.89 | $335.41 | 14,511.80 | D | — | — | (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. |
| 6 | Common | Motorola Solutions, Inc. - Common Stock | 2024-03-10 | F | D | 901.64 | $335.41 | 16,422.01 | D | — | — | (F2) Includes shares acquired under the Motorola Solutions Employee Stock Purchase Plan and through the reinvestment of dividends. |
| 7 | Derivative | Market Stock Units | 2024-03-09 | M | D | 1,485 | $0.00 | 2,969 | D | — · — to — | 1,485 Motorola Solutions, Inc. - Common Stock | (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. (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. |
| 8 | Derivative | Market Stock Units | 2024-03-10 | M | D | 1,365 | $0.00 | 1,365 | D | — · — to — | 1,365 Motorola Solutions, Inc. - Common Stock | (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. (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. |