Rajan Naik - Mar 9, 2025 Form 4 Insider Report for Motorola Solutions, Inc. (MSI)

Signature
Lauren E. Henderson, on behalf of Rajan S. Naik, Senior Vice President, Strategy & Ventures (Power of Attorney on File)
Stock symbol
MSI
Transactions as of
Mar 9, 2025
Transactions value $
-$1,548,128
Form type
4
Date filed
3/11/2025, 04:30 PM
Previous filing
Feb 27, 2025
Next filing
Mar 17, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MSI Motorola Solutions, Inc. - Common Stock Options Exercise $0 +1.24K +8.14% $0.00 16.5K Mar 9, 2025 Direct F1
transaction MSI Motorola Solutions, Inc. - Common Stock Tax liability -$160K -378 -2.3% $423.13 16.1K Mar 9, 2025 Direct
transaction MSI Motorola Solutions, Inc. - Common Stock Tax liability -$1.18M -2.83K -17.61% $415.67 13.2K Mar 10, 2025 Direct F2
transaction MSI Motorola Solutions, Inc. - Common Stock Options Exercise $0 +1.51K +11.38% $0.00 14.8K Mar 10, 2025 Direct F3
transaction MSI Motorola Solutions, Inc. - Common Stock Tax liability -$211K -509 -3.45% $415.67 14.2K Mar 10, 2025 Direct

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 -742 -50% $0.00 742 Mar 9, 2025 Motorola Solutions, Inc. - Common Stock 742 Direct F4, F5
transaction MSI Market Stock Units Options Exercise $0 -762 -100% $0.00 0 Mar 10, 2025 Motorola Solutions, Inc. - Common Stock 762 Direct F4, F5
transaction MSI Performance Options Award $0 +16.5K $0.00 16.5K Mar 10, 2025 Motorola Solutions, Inc. - Common Stock 16.5K $222.30 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the vesting (742) and payout (1,239) of the second tranche (1/3) of the market stock units (MSU) granted on March 9, 2023 at 167% payout factor and such payment includes 497 shares which were above the target number of shares originally reported.
F2 Represents the shares withheld by the Company to satisfy the tax withholding requirement upon settlement (on March 10, 2025 per the award terms) of performance stock units, which were determined to be earned on February 25, 2025 based on performance results for the applicable performance period, as previously reported on a Form 4 as of February 27, 2025.
F3 Represents the vesting (762) and payout (1,508) of the third tranche (1/3) of the market stock units (MSU) granted on March 10, 2022 at 198% payout factor and such payment includes 746 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.
F6 Represents the vesting of performance based stock options granted to the reporting person on March 10, 2022 that were eligible to vest on the third anniversary date of the grant or March 10, 2025 based on the satisfaction of certain financial performance objectives. On March 10, 2025, the Company determined that, based on the Company's performance over the applicable performance period, 16,472 options would vest.