Motorola Solutions, Inc. — Director's Dealing 2023

Mar 13, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Motorola Solutions, Inc. (MSI)
CIK: 0000068505
Period of Report: 2023-03-09

Reporting Person: YAZDI CYNTHIA (SVP, Communications & Brand)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-03-09	Motorola Solutions, Inc. - Common Stock	M	2006	$67.76	Acquired	4795.5640	Direct
2023-03-09	Motorola Solutions, Inc. - Common Stock	M	6811	$71.22	Acquired	11606.5640	Direct
2023-03-09	Motorola Solutions, Inc. - Common Stock	S	8734	$270.3701	Disposed	2872.5640	Direct
2023-03-10	Motorola Solutions, Inc. - Common Stock	M	798	—	Acquired	3670.5640	Direct
2023-03-10	Motorola Solutions, Inc. - Common Stock	F	347.9280	$261.48	Disposed	3322.636	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-03-09	Employee Stock Option - Right to Buy	$67.76	M	2006	Disposed	2025-10-01	Motorola Solutions, Inc. - Common Stock (2006)	Direct
2023-03-09	Employee Stock Option - Right to Buy	$71.22	M	6811	Disposed	2026-03-10	Motorola Solutions, Inc. - Common Stock (6811)	Direct
2023-03-09	Market Stock Units	$	A	1837	Acquired		Motorola Solutions, Inc. - Common Stock (1837)	Direct
2023-03-10	Market Stock Units	$	M	660	Disposed		Motorola Solutions, Inc. - Common Stock (660)	Direct

Footnotes

F1: Includes shares acquired through the reinvestment of dividends.

F2: $270.3701 is the weighted average sales price. Prices for this transaction ranged from $270.22 to $270.575. The reporting person undertakes to provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

F3: Represents the vesting (660) and payout (798) of the first tranche (1/3) of the market stock units ("MSU") granted on March 10, 2022 at 121% payout factor and such payment includes 138 shares which were above the target number of shares originally reported.

F4: These options vested in three equal annual installments beginning on October 1, 2016.

F5: These options vested in three equal annual installments beginning on March 10, 2017.

F6: 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.

F7: 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.