NAIK RAJAN 4

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.