Motorola Solutions, Inc. — Director's Dealing 2023

Mar 15, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Motorola Solutions, Inc. (MSI)
CIK: 0000068505
Period of Report: 2023-03-13

Reporting Person: MOLLOY JOHN P (EVP and COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-03-13	Motorola Solutions, Inc. - Common Stock	F	1766.6840	$261.15	Disposed	31947.5047	Direct
2023-03-13	Motorola Solutions, Inc. - Common Stock	M	4816	—	Acquired	36863.5047	Direct
2023-03-13	Motorola Solutions, Inc. - Common Stock	F	2134	$261.15	Disposed	34629.5047	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-03-13	Market Stock Units	$	M	3169	Disposed		Motorola Solutions, Inc. - Common Stock (3169)	Direct
2023-03-13	Performance Options	$154.95	A	23985	Acquired	2030-03-13	Motorola Solutions, Inc. - Common Stock (23985)	Direct

Footnotes

F1: Represents the shares withheld by the Company to satisfy the tax withholding requirement upon settlement (on March 13, 2023 per the award terms) of performance stock units, which were determined to be earned on February 24, 2023 based on performance results for the applicable performance period, as previously reported on a Form 4 as of February 28, 2023.

F2: Includes shares acquired under the Motorola Solutions Employee Stock Purchase Plan and through the reinvestment of dividends.

F3: Represents the vesting (3,169) and payout (4,816) of the third tranche (1/3) of the market stock units (MSU) granted on March 13, 2020 at 152% payout factor and such payment includes 1,647 shares which were above the target number of shares originally reported.

F4: 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.

F5: 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.

F6: Represents the vesting of performance based stock options granted to the reporting person on March 13, 2020 that were eligible to vest on the third anniversary date of the grant or March 13, 2023 based on the satisfaction of certain financial performance objectives. On March 13, 2023, the Company determined that, based on the Company's performance over the applicable performance period, 23,985 options would vest.