Motorola Solutions (MSI) CEO Gregory Q. Brown Exercises Options, Sells Shares

What Happened
Gregory Q. Brown, Chairman and CEO of Motorola Solutions, exercised 14,220 stock options on Sept 2, 2026 at $81.37 per share (total cost $1,157,081) and sold 14,220 shares the same day in multiple open-market trades for total proceeds of $6,899,855 (≈$485.04 average sale price). The activity shows an option exercise immediately followed by sales (i.e., effectively a cashless exercise / immediate disposition).

Key Details

• Transaction date: 2026-09-02; Form 4 filed 2026-09-04 (appears timely).
• Exercise (Code M): 14,220 shares acquired at $81.37 each (total $1,157,081).
• Sales (Code S): four open-market sales totaling 14,220 shares with tranche proceeds:
  • 2,400 shares for $1,169,131 (weighted avg $487.1378; range $486.65–$487.55)
  • 4,650 shares for $2,260,387 (weighted avg $486.1047; range $485.65–$486.57)
  • 1,600 shares for $776,257 (weighted avg $485.1605; range $484.68–$485.52)
  • 5,570 shares for $2,694,080 (weighted avg $483.6769; range $483.33–$484.00)
• Total proceeds from sales: $6,899,855; approximate net difference vs exercise cost ≈ $5.74M.
• A derivative disposal line (14,220 @ $0.00) records the option conversion associated with the exercise.
• Footnotes: options referenced were performance-based options vested March 9, 2020 (F11); sale price weighted averages and ranges are in F2–F5. Several footnotes note shares held in various trusts/employee plans (F1, F7–F10); these trust holdings do not necessarily reflect the insider’s personal trading intent.
• Shares owned after the transactions are not reported in the provided excerpt of this filing.

Context
Because the exercise and sales occurred the same day, this is effectively a cashless exercise and immediate sale of the resulting shares — a common, routine way executives realize option value and/or cover exercise costs and taxes. Such transactions are factual cashing out of granted options and do not, by themselves, indicate a change in company outlook.