NAIK RAJAN 4
4 · Motorola Solutions, Inc. · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
Motorola Solutions SVP Rajan Naik Exercises MSUs, Sells Shares
What Happened Rajan Naik, SVP, Strategy & Ventures at Motorola Solutions (MSI), had market stock units (MSUs) vest and convert into shares during March 13–14, 2026. Two conversion events produced 667 and 882 shares (1,549 shares total). To satisfy tax withholding, Naik delivered/sold 300.82 and 397.78 shares (about 698.6 shares) at an implied value of $473.12/share, yielding $142,324 and $188,198 respectively (total ≈ $330,522). The filing also reports a grant of 1,862 MSUs on March 12, 2026 (derivative award).
Key Details
- Transaction dates: MSU grant 2026-03-12; conversions on 2026-03-13 and 2026-03-14; tax-withholding share disposals on 2026-03-13 and 2026-03-14.
- Conversion (M) results: 667 shares (3/13) and 882 shares (3/14) acquired via MSU payout.
- Tax withholding (F) sales: 300.82 shares ($142,324) and 397.78 shares ($188,198); total ≈ 698.6 shares and ≈ $330,522.
- Additional entries show cancellation/removal of derivative MSU units (618 and 630) associated with vesting mechanics.
- Shares owned after these transactions: not specified in the excerpt of the filing.
- Filing: Reported on 2026-03-16; covers transactions from 2026-03-12 to 2026-03-14 and appears to be timely.
- Footnotes of note:
- First tranche (from 3/13/2025 grant) vested/payout produced 618 vested and 667 paid (108% payout; includes 49 above target).
- Second tranche (from 3/14/2024 grant) vested/payout produced 630 vested and 882 paid (140% payout; includes 252 above target).
- MSUs convert into shares 1-for-1 but the earned number varies 0–200% based on grant vs. vesting share-price comparison; vesting schedule is one-third each year and requires a minimum vesting threshold (≥60% of grant share price).
Context
- These were MSU vesting/conversion events (derivative-to-stock) rather than open-market purchases. The F-code disposals are tax-withholding actions—common practice where a portion of shares is withheld/sold to cover taxes after equity compensation vests.
- This is routine insider activity associated with compensation, not necessarily a signal of buying or selling for investment reasons. The filing contains explanatory footnotes describing payout factors and vesting rules.
Insider Transaction Report
Form 4
NAIK RAJAN
SVP, Strategy & Ventures
Transactions
- Exercise/Conversion
Motorola Solutions, Inc. - Common Stock
[F1]2026-03-13+667→ 14,351.22 total - Tax Payment
Motorola Solutions, Inc. - Common Stock
2026-03-13$473.12/sh−300.82$142,324→ 14,050.4 total - Exercise/Conversion
Motorola Solutions, Inc. - Common Stock
[F2]2026-03-14+882→ 14,932.4 total - Tax Payment
Motorola Solutions, Inc. - Common Stock
2026-03-14$473.12/sh−397.78$188,198→ 14,534.62 total - Award
Market Stock Units
[F4][F5]2026-03-12+1,862→ 1,862 total→ Motorola Solutions, Inc. - Common Stock (1,862 underlying) - Exercise/Conversion
Market Stock Units
[F4][F5]2026-03-13−618→ 1,234 total→ Motorola Solutions, Inc. - Common Stock (618 underlying) - Exercise/Conversion
Market Stock Units
[F4][F5]2026-03-14−630→ 629 total→ Motorola Solutions, Inc. - Common Stock (630 underlying)
Holdings
- 11.54(indirect: By 401(k))
Motorola Solutions, Inc. - Common Stock
[F3]
Footnotes (5)
- [F1]Represents the vesting (618) and payout (667) 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 49 shares which were above the target number of shares originally reported.
- [F2]Represents the vesting (630) and payout (882) 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 252 shares which were above the target number of shares originally reported.
- [F3]Based on plan statement as of March 2, 2026.
- [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.
Signature
Lauren E. Henderson, on behalf of Rajan S. Naik, Senior Vice President, Strategy & Ventures (Power of Attorney on File)|2026-03-16