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Motorola Solutions, Inc.·4

Mar 16, 4:25 PM ET

BROWN GREGORY Q 4

Research Summary

AI-generated summary

Updated

Motorola (MSI) CEO Gregory Q. Brown Converts MSUs, Sells Shares to Cover Taxes

What Happened

  • Gregory Q. Brown, Chairman and CEO of Motorola Solutions (MSI), had market stock units (MSUs) vest and convert into common stock and sold a portion of the shares to cover tax withholding.
  • Details: on 2026-03-13 Brown received a payout of 7,300 shares (first tranche payout) and had 3,529.55 shares sold at $473.12 each to cover taxes ($1,669,901). On 2026-03-14 he received 8,961 shares (second tranche payout) and had 4,332.64 shares sold at $473.12 each to cover taxes ($2,049,859). Total proceeds from the tax-withholding sales ≈ $3,719,760. The filing also reports a grant of 19,273 MSUs (derivative award) reported 2026-03-12.

Key Details

  • Transaction dates and amounts:
    • 2026-03-13: MSU conversion/payout (M) — 7,300 shares acquired; 3,529.55 shares disposed (F) at $473.12 → $1,669,901.
    • 2026-03-14: MSU conversion/payout (M) — 8,961 shares acquired; 4,332.64 shares disposed (F) at $473.12 → $2,049,859.
    • 2026-03-12: Grant (A) — 19,273 MSUs awarded (reported as derivative).
  • Total reported proceeds from share disposals to cover tax liabilities: ≈ $3.72M.
  • Shares owned after the transactions are not specified in the provided excerpt of the filing.
  • Notable footnotes: the 3/13 payout reflects a 108% payout factor (included 540 shares above target); the 3/14 payout reflects a 140% payout factor (included 2,560 shares above target). MSUs vest one‑third on each anniversary and convert based on the grant/vesting price comparison (0–200% payout).
  • Transaction types: M = exercise/conversion of derivative (MSU conversion), F = payment of tax liability (shares sold for tax withholding).
  • Filing timeliness: the Form 4 was filed 2026-03-16 for activity around 2026-03-12–14 and was marked late.

Context

  • MSUs convert into shares (reported 1-for-1 subject to payout factor). The F-coded disposals are routine share-withholdings/sales to satisfy tax withholding and do not necessarily indicate a directional view on the stock.
  • Zero-dollar lines reflect conversion/exercise of derivative awards (not an open-market purchase or sale at market price). Routine tax-withholding sales are common after equity award vesting.