What is the origin of the 239-share PVRS award reported for ZBRA’s Chief People Officer?

The 239 shares come from a performance-based restricted stock (PVRS) grant originally awarded on May 4, 2023. That grant had a three-year performance period ending December 31, 2025, and the final share amount was calculated on February 3, 2026, then reported on this Form 4/A.

Performance-based stock grant vests May 2026 for Zebra (ZBRA) CPO

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

4/A

Rhea-AI Filing Summary

Luff Loizides Melissa reported acquisition or exercise transactions in this Form 4 filing.

Zebra Technologies’ Chief People Officer Melissa Luff Loizides received 239 shares of Class A common stock as a performance-based stock award. The award comes from a performance-based restricted stock grant originally issued on May 4, 2023, covering a three-year performance period that ended on December 31, 2025.

The final number of shares from this PVRS grant was determined on February 3, 2026, and the shares are scheduled to vest on May 4, 2026. After this grant, she directly holds 2,086 shares of Zebra Technologies Class A common stock, reflecting routine equity compensation rather than an open-market transaction.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Luff Loizides Melissa

Role Chief People Officer

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	239	$0.00	--

Holdings After Transaction: Class A Common Stock — 2,086 shares (Direct, null)

Footnotes (1)

[object Object]

Key Figures

PVRS shares granted: 239 shares Price per share for award: $0.00 per share Shares held after transaction: 2,086 shares +3 more

6 metrics

PVRS shares granted 239 shares Performance-based restricted stock determined on February 3, 2026

Price per share for award $0.00 per share Compensation grant of Class A common stock

Shares held after transaction 2,086 shares Direct ownership of Class A common stock after grant

Performance period end date December 31, 2025 Three-year performance period for May 4, 2023 PVRS grant

PVRS grant date May 4, 2023 Original performance-based restricted stock grant

Vesting date May 4, 2026 Scheduled vesting date of PVRS shares

Key Terms

performance-based restricted stock, PVRS, three-year performance period, vest

4 terms

performance-based restricted stock financial

"Previously unreportable performance-based restricted stock (PVRS) granted on May 4, 2023"

Shares granted to employees or executives that are held back and only become actual, tradable stock if the company meets predefined performance targets; until those goals are met the shares cannot be sold. Think of it like a bonus held in escrow that’s released only when specific results are achieved — investors watch these awards because they tie management pay to company outcomes, can dilute existing shareholders when released, and signal how confident or incentivized insiders are to meet growth or profitability goals.

PVRS financial

"The number of shares to result from this PVRS grant was determined on February 3, 2026"

three-year performance period financial

"with a three-year performance period ended December 31, 2025"

vest financial

"and the PVRS will vest on May 4, 2026"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

Form 4 Insider Transactions: What Each Field Means →

05/21/2026 - 05:55 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Luff Loizides Melissa

(Last)

(First)

(Middle)

C/O ZEBRA TECHNOLOGIES CORPORATION

3 OVERLOOK POINT

(Street)

LINCOLNSHIRE

ILLINOIS

60069

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
ZEBRA TECHNOLOGIES CORP [ ZBRA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief People Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
02/03/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)
02/05/2026

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	02/03/2026		A		239⁽¹⁾	A	$0	2,086	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Previously unreportable performance-based restricted stock (PVRS) granted on May 4, 2023, with a three-year performance period ended December 31, 2025. The number of shares to result from this PVRS grant was determined on February 3, 2026, and the PVRS will vest on May 4, 2026.

Remarks:

On February 5, 2026, the reporting person filed a Form 4 which, due to an administrative error, incorrectly reported that the reporting person was awarded 244 shares on February 3, 2026. In fact, as reported in this amendment, the reporting person was awarded 239 shares on such date.

	/s/ Cristen Kogl, Attorney-In-Fact	05/21/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Zebra Technologies (ZBRA) disclose about Melissa Luff Loizides’ latest equity award?

Zebra Technologies reported that Chief People Officer Melissa Luff Loizides received 239 shares of Class A common stock as a performance-based restricted stock award. This equity grant is part of her compensation, not an open-market purchase or sale, and increases her direct holdings.

How many Zebra Technologies (ZBRA) shares does Melissa Luff Loizides hold after this Form 4/A?

Following the reported transaction, Melissa Luff Loizides directly holds 2,086 shares of Zebra Technologies Class A common stock. This reflects the addition of 239 shares from a performance-based restricted stock award determined on February 3, 2026, under a previously granted PVRS program.

When will Melissa Luff Loizides’ new Zebra Technologies PVRS shares vest?

The 239 performance-based restricted shares granted to Melissa Luff Loizides will vest on May 4, 2026. Vesting means the shares become fully owned by her at that date, assuming any applicable conditions from the original May 4, 2023 PVRS grant are satisfied.

Was cash paid for the 239 Zebra Technologies shares reported in the Form 4/A?

No cash was paid for these shares. The 239 Zebra Technologies Class A shares were acquired at a price of $0.00 per share as a performance-based restricted stock award, reflecting stock-based compensation rather than a market transaction involving a purchase price.

What performance timeline applied to the Zebra Technologies PVRS grant for Melissa Luff Loizides?

The PVRS grant carried a three-year performance period that ended on December 31, 2025. The company determined the resulting number of shares, 239, on February 3, 2026, based on that performance period, with the shares scheduled to vest on May 4, 2026.