MOLLOY JOHN P 4
Research Summary
AI-generated summary
Motorola (MSI) EVP/COO John Molloy Receives MSUs, Sells Shares
What Happened
John P. Molloy, EVP and COO of Motorola Solutions (MSI), received and converted market stock units (MSUs) into shares and had shares withheld/sold to cover tax withholding. Key items: a 4,284‑MSU award was granted (derivative) on 2026-03-12; tranche vestings/conversions on 2026-03-13 (payout 1,373 shares) and 2026-03-14 (payout 1,920 shares). To cover taxes, 608.24 shares were disposed on 3/13 for $287,771 and 850.56 shares were disposed on 3/14 for $402,417 (sale price $473.12 per share). MSUs convert 1-for-1 (exercise price $0) and payout factors vary by grant.
Key Details
- Transaction dates: MSU grant 2026-03-12; conversions/vestings 2026-03-13 and 2026-03-14; tax‑withholding dispositions on 3/13 and 3/14. Filed with SEC on 2026-03-16.
- Tax‑withholding dispositions: 608.24 shares @ $473.12 = $287,771; 850.56 shares @ $473.12 = $402,417. Combined withheld/sold = 1,458.8 shares for $690,188.
- Conversions/payouts: first tranche payout 1,373 shares (footnote: 1,272 vested; 108% payout factor, includes 101 above target); second tranche payout 1,920 shares (footnote: 1,372 vested; 140% payout factor, includes 548 above target).
- Grant: 4,284 MSUs granted 2026-03-12 (derivative award). MSUs convert 1-for-1 but actual shares paid depend on payout factor (0–200%).
- Exercise/conversion price: $0.00 (MSU conversion). Tax withholding executed by share disposition (code F).
- Shares owned after transaction: Not specified in this Form 4.
- Other notes: Filing references shares from the Employee Stock Purchase Plan and dividend reinvestment (footnote). No lateness flag appears in the filing.
Context
These transactions are the routine conversion/settlement of performance-based MSUs and associated tax withholding (a common executive compensation mechanics). The MSUs converted into shares (no cash exercise cost) and a portion of shares was withheld/sold to satisfy tax obligations; this is not an open‑market discretionary sale indicating a change in investment view.