4//SEC Filing
DUNNING KAREN E 4
Accession 0001062993-24-006260
CIK 0000068505other
Filed
Mar 11, 8:00 PM ET
Accepted
Mar 12, 4:10 PM ET
Size
14.6 KB
Accession
0001062993-24-006260
Insider Transaction Report
Form 4
DUNNING KAREN E
SVP, Human Resources
Transactions
- Exercise/Conversion
Motorola Solutions, Inc. - Common Stock
2024-03-09+598→ 2,806.177 total - Tax Payment
Motorola Solutions, Inc. - Common Stock
2024-03-08$335.41/sh−724.749$243,088→ 2,341.784 total - Tax Payment
Motorola Solutions, Inc. - Common Stock
2024-03-08$335.41/sh−133.607$44,813→ 2,208.177 total - Tax Payment
Motorola Solutions, Inc. - Common Stock
2024-03-09$335.41/sh−235.314$78,927→ 2,570.863 total - Exercise/Conversion
Market Stock Units
2024-03-09−483→ 964 total→ Motorola Solutions, Inc. - Common Stock (483 underlying) - Tax Payment
Motorola Solutions, Inc. - Common Stock
2024-03-10$335.41/sh−168.025$56,357→ 2,402.838 total
Footnotes (5)
- [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.
- [F3]Represents the vesting (483) and payout (598) 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 115 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.
Issuer
Motorola Solutions, Inc.
CIK 0000068505
Entity typeother
Related Parties
1- filerCIK 0001963780
Filing Metadata
- Form type
- 4
- Filed
- Mar 11, 8:00 PM ET
- Accepted
- Mar 12, 4:10 PM ET
- Size
- 14.6 KB