BROWN GREGORY Q 4

What Happened
Gregory Q. Brown, Chairman & CEO of Motorola Solutions (MSI), exercised 28,435 stock options at $81.37 per share (cash paid $2,313,756) on March 4, 2026, and sold the same approximate number of shares in multiple open-market transactions that day, generating roughly $13.59 million in proceeds. The filing also shows a derivative conversion/disposition of 28,435 shares at $0, which commonly reflects shares surrendered or withheld in connection with the option exercise or for tax withholding.

Key Details

• Transaction date: March 4, 2026; Form 4 filed March 6, 2026 (timely, within the 2-business‑day window).
• Option exercise: 28,435 shares exercised at $81.37 each — total cost $2,313,756.
• Open-market sales (all Mar 4, 2026):
  • 7,832 shares at a weighted avg $478.83 — ~$3,750,214 (price range $478.47–$479.37).
  • 13,451 shares at a weighted avg $478.14 — ~$6,431,442 (price range $477.59–$478.46).
  • 3,218 shares at a weighted avg $477.03 — ~$1,535,077 (price range $476.66–$477.51).
  • 3,934 shares at a weighted avg $476.28 — ~$1,873,674 (price range $475.83–$476.59).
  • Total sale proceeds ≈ $13,590,407.
• Derivative entry: 28,435 shares shown disposed at $0 (derivative conversion), likely tied to the exercise/withholding.
• Shares owned after the transactions: not specified in the provided excerpt of the filing.
• Notable footnotes: weighted-average sale prices and price ranges are provided (F2–F5); other footnotes reference shares held in various family and gift trusts and ESPP/dividend reinvestment (F1, F7–F11).

Context
This was an exercise of options followed by immediate open‑market sales — often described as a cashless exercise where exercised shares are sold to cover exercise cost, tax withholding, or diversification. Sales by executives can be routine (taxes, liquidity, diversification) and do not by themselves indicate positive or negative views of the company; the filing is informational.