0001062993-24-006264.txt : 20240312
0001062993-24-006264.hdr.sgml : 20240312
20240312161154
ACCESSION NUMBER: 0001062993-24-006264
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240308
FILED AS OF DATE: 20240312
DATE AS OF CHANGE: 20240312
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: MOLLOY JOHN P
CENTRAL INDEX KEY: 0001656592
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-07221
FILM NUMBER: 24742187
MAIL ADDRESS:
STREET 1: 500 WEST MONROE ST.
CITY: CHICAGO
STATE: IL
ZIP: 60661
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Motorola Solutions, Inc.
CENTRAL INDEX KEY: 0000068505
STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663]
ORGANIZATION NAME: 04 Manufacturing
IRS NUMBER: 361115800
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 500 W. MONROE ST.
CITY: CHICAGO
STATE: IL
ZIP: 60661
BUSINESS PHONE: 8475765000
MAIL ADDRESS:
STREET 1: 500 W. MONROE ST.
CITY: CHICAGO
STATE: IL
ZIP: 60661
FORMER COMPANY:
FORMER CONFORMED NAME: MOTOROLA INC
DATE OF NAME CHANGE: 19920703
FORMER COMPANY:
FORMER CONFORMED NAME: MOTOROLA DELAWARE INC
DATE OF NAME CHANGE: 19760414
4
1
form4.xml
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
X0508
4
2024-03-08
0000068505
Motorola Solutions, Inc.
MSI
0001656592
MOLLOY JOHN P
MOTOROLA SOLUTIONS, INC.
500 WEST MONROE ST.
CHICAGO
IL
60661
0
1
0
0
EVP and COO
0
Motorola Solutions, Inc. - Common Stock
2024-03-08
4
F
0
5603.0640
335.41
D
42058.8107
D
Motorola Solutions, Inc. - Common Stock
2024-03-08
4
M
0
3721
0
A
45779.8107
D
Motorola Solutions, Inc. - Common Stock
2024-03-08
4
F
0
1647.6840
335.41
D
44132.1267
D
Motorola Solutions, Inc. - Common Stock
2024-03-09
4
M
0
2002
0
A
46134.1267
D
Motorola Solutions, Inc. - Common Stock
2024-03-09
4
F
0
886.8860
335.41
D
45247.2407
D
Motorola Solutions, Inc. - Common Stock
2024-03-10
4
M
0
2474
0
A
47721.2407
D
Motorola Solutions, Inc. - Common Stock
2024-03-10
4
F
0
1095.9820
335.41
D
46625.2587
D
Performance Options
179.21
2024-03-08
4
A
0
37514
0
A
2031-03-08
Motorola Solutions, Inc. - Common Stock
37514
37514
D
Market Stock Units
2024-03-08
4
M
0
2045
0
D
Motorola Solutions, Inc. - Common Stock
2045
0
D
Market Stock Units
2024-03-09
4
M
0
1615
0
D
Motorola Solutions, Inc. - Common Stock
1615
3229
D
Market Stock Units
2024-03-10
4
M
0
1661
0
D
Motorola Solutions, Inc. - Common Stock
1661
1661
D
Represents the shares withheld by the Company to satisfy the tax withholding requirement upon settlement (on March 8, 2024 per the award terms) of performance stock units, which were determined to be earned on February 21, 2024 based on performance results for the applicable performance period, as previously reported on a Form 4 as of February 23, 2024.
Includes shares acquired under the Motorola Solutions Employee Stock Purchase Plan and through the reinvestment of dividends.
Represents the vesting (2,045) and payout (3,721) of the third tranche (1/3) of the market stock units (MSU) granted on March 8, 2021 at 182% payout factor and such payment includes 1,676 shares which were above the target number of shares originally reported.
Represents the vesting (1,615) and payout (2,002) of the first tranche (1/3) of the market stock units (MSU) granted on March 9, 2023 at 124% payout factor and such payment includes 387 shares which were above the target number of shares originally reported.
Represents the vesting (1,661) and payout (2,474) of the second tranche (1/3) of the market stock units (MSU) granted on March 10, 2022 at 149% payout factor and such payment includes 813 shares which were above the target number of shares originally reported.
Represents the vesting of performance based stock options granted to the reporting person on March 8, 2021 that were eligible to vest on the third anniversary date of the grant or March 8, 2024 based on the satisfaction of certain financial performance objectives. On March 8, 2024, the Company determined that, based on the Company's performance over the applicable performance period, 37,514 options would vest.
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.
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.
Alejandro Dieguez, on behalf of John P. Molloy, Executive Vice President and Chief Operating Officer (Power of Attorney on File)
2024-03-12