MARK KELLY S 4
4 · Motorola Solutions, Inc. · Filed Mar 16, 2021
Insider Transaction Report
Form 4
MARK KELLY S
CVP and Staff Ops
Transactions
- Exercise/Conversion
Motorola Solutions, Inc. - Common Stock
2021-03-13+2,449→ 28,187.271 total - Tax Payment
Motorola Solutions, Inc. - Common Stock
2021-03-13$179.11/sh−1,085$194,334→ 27,102.271 total - Exercise/Conversion
Market Stock Units
2021-03-13−2,378→ 4,754 total→ Motorola Solutions, Inc. - Common Stock (2,378 underlying)
Footnotes (4)
- [F1]Represents the vesting (2,378) and payout (2,449) of the first tranche (1/3) of the market stock units ("MSU") granted on March 13, 2020 at 103% payout factor and such payment includes 71 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.