Zebra Technologies (ZBRA) CEO Bill Burns granted 12,387 performance-based shares

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

4/A

Rhea-AI Filing Summary

Burns Bill reported acquisition or exercise transactions in this Form 4 filing.

Zebra Technologies Chief Executive Officer Bill Burns received an award of 12,387 shares of Class A Common Stock as part of a performance-based restricted stock (PVRS) grant. The PVRS was originally granted on May 4, 2023 with a three-year performance period that ended December 31, 2025. The final number of shares from this PVRS grant was determined on February 4, 2026, and the shares are scheduled to vest on May 4, 2026. Following this award, Burns holds 58,292 shares directly. This is a compensation-related equity grant, not an open-market purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Burns Bill

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	12,387	$0.00	--

Holdings After Transaction: Class A Common Stock — 58,292 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares awarded: 12,387 shares Post-award holdings: 58,292 shares Performance period end: December 31, 2025 +2 more

5 metrics

Shares awarded 12,387 shares Performance-based restricted stock (PVRS) determined February 4, 2026

Post-award holdings 58,292 shares Total Class A Common Stock held directly after award

Performance period end December 31, 2025 End of three-year PVRS performance period

Original grant date May 4, 2023 PVRS grant date for the performance-based award

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

Key Terms

performance-based restricted stock (PVRS), performance period, vest

3 terms

performance-based restricted stock (PVRS) financial

"Previously unreportable performance-based restricted stock (PVRS) granted on May 4, 2023, with a three-year performance period"

performance period financial

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

The performance period is the specific time span over which an investment’s results, an employee’s targets, or a fund’s returns are measured and judged. It matters to investors because the length and start/end of that window determine which gains or losses count toward performance fees, bonus payouts, or benchmark comparisons—much like timing a race decides who wins, the chosen period can change whether results look strong or weak.

vest financial

"The number of shares to result from this PVRS grant was determined on February 4, 2026, 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 - 05:59 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^*

Burns Bill

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
02/04/2026

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	02/04/2026		A		12,387⁽¹⁾	A	$0	58,292	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 4, 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 12,673 shares on February 4, 2026. In fact, as reported in this amendment, the reporting person was awarded 12,387 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) CEO Bill Burns report in this Form 4/A?

Bill Burns reported receiving 12,387 shares of Class A Common Stock from a performance-based restricted stock grant. The award reflects results for a three-year performance period and is scheduled to vest in May 2026, increasing his directly held shares to 58,292.

Is the Bill Burns Form 4/A transaction in ZBRA a stock purchase or sale?

The transaction is an equity award, not a market purchase or sale. Burns received 12,387 shares at no stated purchase price as part of a performance-based restricted stock grant tied to a three-year performance period ending December 31, 2025.

What is the performance-based restricted stock (PVRS) mentioned for ZBRA’s CEO?

The PVRS is a performance-based restricted stock grant awarded on May 4, 2023. It had a three-year performance period ending December 31, 2025. On February 4, 2026, 12,387 shares were determined under this grant, scheduled to vest on May 4, 2026.

How many Zebra Technologies shares does CEO Bill Burns hold after this Form 4/A?

After this award, Bill Burns directly holds 58,292 shares of Zebra Technologies Class A Common Stock. This total includes the 12,387 shares resulting from the performance-based restricted stock grant that will vest on May 4, 2026, subject to the award’s terms.

When will the new Zebra Technologies shares granted to Bill Burns vest?

The 12,387 shares from the performance-based restricted stock grant are scheduled to vest on May 4, 2026. Vesting follows completion of a three-year performance period that ended on December 31, 2025 and final share determination made on February 4, 2026.

What period did the performance conditions for Bill Burns’ ZBRA PVRS cover?

The performance conditions covered a three-year period ending December 31, 2025. The PVRS was originally granted on May 4, 2023, and the final number of 12,387 shares was determined on February 4, 2026 based on that performance period.