NAIK RAJAN 4
4 · Motorola Solutions, Inc. · Filed Mar 11, 2026
Research Summary
AI-generated summary of this filing
Motorola Solutions SVP Rajan Naik Exercises Awards, Sells Shares
What Happened
Rajan Naik, SVP Strategy & Ventures at Motorola Solutions (MSI), reported settlement and vesting of equity awards on March 9, 2026. Key items: 1,283 shares were received from the payout of the third tranche of Market Stock Units (MSUs); 9,518 performance-based stock options vested; and a total of 2,242.18 shares were withheld by the company to satisfy tax withholding (1,663.55 shares and 578.63 shares), withheld at $458.03 per share for a combined value of $1,026,986. In addition, 742 MSU-related shares are shown as vesting in the filing. These transactions are compensation-related (vesting and tax withholding), not open-market purchases.
Key Details
- Transaction date: March 9, 2026; Form 4 filed March 11, 2026 (timely filing).
- Tax-withheld disposals: 1,663.55 shares @ $458.03 = $761,956 and 578.63 shares @ $458.03 = $265,030 (total ≈ $1,026,986). (Transaction code F = tax withholding.)
- MSU payout/vesting: 1,283 shares acquired (M = conversion/exercise of derivative); 742 shares reported as vesting (M, derivative). Footnote: third tranche of MSUs (granted 3/9/2023) paid at a 173% payout factor and included 541 shares above target.
- Options: 9,518 performance-based stock options vested on March 9, 2026 (reported as award/acquisition in the filing). Vesting does not equal exercised sale—no cash proceeds reported for options.
- Shares owned after transaction: not specified in the provided excerpt (plan statement referenced).
- Notable footnotes: tax withholding upon PSU settlement (F1); MSU conversion/vesting mechanics and payout factor (F3–F6); vesting of performance options (F7).
Context
These entries reflect routine compensation vesting and company withholding for taxes rather than a discretionary open-market sale or purchase. The filing shows equity converted/vested and shares withheld to cover tax obligations; the reported 9,518 options vested but were not shown as exercised for cash in this report.
Insider Transaction Report
- Tax Payment
Motorola Solutions, Inc. - Common Stock
[F1][F2]2026-03-09$458.03/sh−1,663.55$761,956→ 12,979.85 total - Exercise/Conversion
Motorola Solutions, Inc. - Common Stock
[F3][F2]2026-03-09+1,283→ 14,262.85 total - Tax Payment
Motorola Solutions, Inc. - Common Stock
[F2]2026-03-09$458.03/sh−578.63$265,030→ 13,684.22 total - Exercise/Conversion
Market Stock Units
[F5][F6]2026-03-09−742→ 0 total→ Motorola Solutions Inc. - Common Stock (742 underlying) - Award
Performance Options
[F7]2026-03-09+9,518→ 9,518 totalExercise: $265.18Exp: 2033-03-09→ Motorola Solutions, Inc. - Common Stock (9,518 underlying)
- 11.54(indirect: By 401(k))
Motorola Solutions, Inc. - Common Stock
[F4]
Footnotes (7)
- [F1]Represents the shares withheld by the Company to satisfy the tax withholding requirement upon settlement (on March 9, 2026 per the award terms) of performance stock units, which were determined to be earned on February 25, 2026 based on performance results for the applicable performance period, as previously reported on a Form 4 as of February 27, 2026.
- [F2]Includes shares acquired under the Motorola Solutions Employee Stock Purchase Plan, and through the reinvestment of dividends.
- [F3]Represents the vesting (742) and payout (1,283) of the third tranche (1/3) of the market stock units (MSU) granted on March 9, 2023 at 173% payout factor and such payment includes 541 shares which were above the target number of shares originally reported.
- [F4]Based on plan statement as of March 2, 2026.
- [F5]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.
- [F6]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.
- [F7]Represents the vesting of performance based stock options granted to the reporting person on March 9, 2023 that were eligible to vest on the third anniversary date of the grant or March 9, 2026 based on the satisfaction of certain financial performance objectives. On March 9, 2026, the Company determined that, based on the Company's performance over the applicable performance period, 9,518 options would vest.