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Motorola Solutions, Inc.·4

Mar 16, 4:21 PM ET

NAIK RAJAN 4

Research Summary

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Motorola Solutions SVP Rajan Naik Exercises MSUs, Sells Shares

What Happened Rajan Naik, SVP, Strategy & Ventures at Motorola Solutions (MSI), had market stock units (MSUs) vest and convert into shares during March 13–14, 2026. Two conversion events produced 667 and 882 shares (1,549 shares total). To satisfy tax withholding, Naik delivered/sold 300.82 and 397.78 shares (about 698.6 shares) at an implied value of $473.12/share, yielding $142,324 and $188,198 respectively (total ≈ $330,522). The filing also reports a grant of 1,862 MSUs on March 12, 2026 (derivative award).

Key Details

  • Transaction dates: MSU grant 2026-03-12; conversions on 2026-03-13 and 2026-03-14; tax-withholding share disposals on 2026-03-13 and 2026-03-14.
  • Conversion (M) results: 667 shares (3/13) and 882 shares (3/14) acquired via MSU payout.
  • Tax withholding (F) sales: 300.82 shares ($142,324) and 397.78 shares ($188,198); total ≈ 698.6 shares and ≈ $330,522.
  • Additional entries show cancellation/removal of derivative MSU units (618 and 630) associated with vesting mechanics.
  • Shares owned after these transactions: not specified in the excerpt of the filing.
  • Filing: Reported on 2026-03-16; covers transactions from 2026-03-12 to 2026-03-14 and appears to be timely.
  • Footnotes of note:
    • First tranche (from 3/13/2025 grant) vested/payout produced 618 vested and 667 paid (108% payout; includes 49 above target).
    • Second tranche (from 3/14/2024 grant) vested/payout produced 630 vested and 882 paid (140% payout; includes 252 above target).
    • MSUs convert into shares 1-for-1 but the earned number varies 0–200% based on grant vs. vesting share-price comparison; vesting schedule is one-third each year and requires a minimum vesting threshold (≥60% of grant share price).

Context

  • These were MSU vesting/conversion events (derivative-to-stock) rather than open-market purchases. The F-code disposals are tax-withholding actions—common practice where a portion of shares is withheld/sold to cover taxes after equity compensation vests.
  • This is routine insider activity associated with compensation, not necessarily a signal of buying or selling for investment reasons. The filing contains explanatory footnotes describing payout factors and vesting rules.