Burns Bill 4

What Happened

• Bill Burns, CEO of Zebra Technologies (ZBRA), was reported as receiving 12,673 shares on Feb 4, 2026. The Form 4 shows the shares acquired at $0.00 (total reported value $0). This is a performance-based restricted stock award (PVRS) whose payout was determined on Feb 4, 2026 and will vest on May 4, 2026.

Key Details

• Transaction date: 2026-02-04 (reported on Form 4 filed 2026-02-05).
• Price: $0.00 per share (reported acquisition value $0).
• Shares acquired: 12,673 performance-based restricted shares.
• Shares owned after transaction: Not disclosed in the filing.
• Footnote F1: These shares stem from a PVRS grant made May 4, 2023 with a three-year performance period ending Dec 31, 2025; the final number was determined Feb 4, 2026 and the award vests May 4, 2026.
• Footnotes F2/F3: refer to previously granted stock appreciation rights with earlier vesting schedules (not part of this transaction).
• Filing timeliness: Reported on Feb 5 for a Feb 4 transaction (no late filing indicated).

Context

• This was an award/vesting determination, not an open-market purchase or sale, so it does not signal a buy/sell decision by the insider. The $0 price reflects that the shares were part of a previously granted performance award whose final payout amount was just determined and is now being reported as acquired.