4//SEC Filing
HACKER MARK S. 4
Accession 0001062993-22-008496
CIK 0000068505other
Filed
Mar 23, 8:00 PM ET
Accepted
Mar 24, 4:19 PM ET
Size
12.2 KB
Accession
0001062993-22-008496
Insider Transaction Report
Form 4
HACKER MARK S.
SVP & General Counsel
Transactions
- Exercise/Conversion
Motorola Solutions, Inc. - Common Stock
2022-03-22+2,289→ 21,902.561 total - Exercise/Conversion
Market Stock Units
2022-03-22−1,449→ 0 total→ Motorola Solutions, Inc. - Common Stock (1,449 underlying) - Tax Payment
Motorola Solutions, Inc. - Common Stock
2022-03-22$232.09/sh−1,015$235,571→ 20,887.561 total - Award
Performance Options
2022-03-22+22,751→ 22,751 totalExercise: $138.64Exp: 2029-03-22→ Motorola Solutions, Inc. - Common Stock (22,751 underlying)
Footnotes (5)
- [F1]Represents the vesting (1,449) and payout (2,289) of the third tranche (1/3) of the market stock units (MSU) granted on March 22, 2019 at 158% payout factor and such payment includes 840 shares which were above the target number of shares originally reported.
- [F2]Includes shares acquired under the Motorola Solutions Employee Stock Purchase Plan.
- [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.
- [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.
- [F5]Represents the vesting of performance based stock options granted to the reporting person on March 22, 2019 that were eligible to vest on the third anniversary date of the grant or March 22, 2022 based on the satisfaction of certain financial performance objectives. On March 22, 2022, the Company determined that, based on the Company's performance over the applicable performance period, 22,751 options would vest.
Issuer
Motorola Solutions, Inc.
CIK 0000068505
Entity typeother
Related Parties
1- filerCIK 0001578512
Filing Metadata
- Form type
- 4
- Filed
- Mar 23, 8:00 PM ET
- Accepted
- Mar 24, 4:19 PM ET
- Size
- 12.2 KB