Motorola Solutions (NYSE: MSI) CTO exercises MSUs, covers taxes
Rhea-AI Filing Summary
Motorola Solutions EVP and CTO Mahesh Saptharishi reported routine equity compensation activity involving market stock units (MSUs) and related tax withholding. On March 13 and 14, 2026, first and second tranches of prior MSU grants vested and were paid out in common stock, with payout factors of 108% and 140% respectively, resulting in 1,267 and 1,764 shares of Motorola Solutions common stock.
To cover tax liabilities, the issuer withheld 612.60 and 852.89 shares at $473.12 per share, leaving Saptharishi with 31,068.28 shares of common stock held directly after these transactions. On March 12, 2026, he also received a new grant of 3,951 MSUs, which convert into common stock on a 1-for-1 basis with an actual payout range of 0% to 200% of the target, vesting in three annual installments if share-price conditions are met. He additionally holds 15.63 shares indirectly through the Motorola Solutions 401(k) Plan as of March 2, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Market Stock Units | 1,260 | $0.00 | -- |
| Exercise | Motorola Solutions, Inc. - Common Stock | 1,764 | $0.00 | -- |
| Tax Withholding | Motorola Solutions, Inc. - Common Stock | 852.89 | $473.12 | $404K |
| Exercise | Market Stock Units | 1,174 | $0.00 | -- |
| Exercise | Motorola Solutions, Inc. - Common Stock | 1,267 | $0.00 | -- |
| Tax Withholding | Motorola Solutions, Inc. - Common Stock | 612.6 | $473.12 | $290K |
| Grant/Award | Market Stock Units | 3,951 | $0.00 | -- |
| holding | Motorola Solutions, Inc. - Common Stock | -- | -- | -- |
Footnotes (1)
- Represents the vesting (1,174) and payout (1,267) of the first tranche (1/3) of the market stock units (MSU) granted on March 13, 2025 at 108% payout factor and such payment includes 93 shares which were above the target number of shares originally reported. Includes shares acquired under the Motorola Solutions Employee Stock Purchase Plan, and through the reinvestment of dividends. Represents the vesting (1,260) and payout (1,764) of the second tranche (1/3) of the market stock units (MSU) granted on March 14, 2024 at 140% payout factor and such payment includes 504 shares which were above the target number of shares originally reported. Based on plan statement as of March 2, 2026. 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.