Form 4: Motorola Solutions Director Kenneth D. Denman Reports Acquisition of Deferred Stock Units

Sentiment:

SEC Form 4 Filing


Director Kenneth D. Denman reports the acquisition of deferred stock units in Motorola Solutions, Inc.

Summary

  • Kenneth D. Denman, a director of Motorola Solutions, Inc., filed a Form 4 on May 16, 2024, reporting a transaction on May 14, 2024.
  • Denman acquired 679 shares of Motorola Solutions common stock in the form of Deferred Stock Units (DSUs).
  • These DSUs were awarded subject to deferred distribution after termination of service as a director.
  • The price of the acquired stock was $0.
  • Following the transaction, Denman beneficially owns 8,831.39 shares of Motorola Solutions, Inc. common stock, which includes dividend equivalent rights.
  • The filing also includes a Power of Attorney, granting authority to James A. Niewiara, Kristin L. Kruska, Lauren E. Henderson, and Alejandro Dieguez to prepare and file relevant forms with the SEC.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a standard transaction. The acquisition of stock units by a director is generally viewed as a positive sign, but it's a routine event.

Positives

  • The acquisition of Deferred Stock Units reflects continued alignment of the director's interests with the company's long-term performance.

Future Outlook

The document does not contain specific forward-looking statements regarding Motorola Solutions' future performance.

Industry Context

This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency regarding the holdings and transactions of company insiders.

Stakeholder Impact

  • The transaction provides transparency to shareholders regarding insider activity.

Key Dates

DateDescription
11/16/23Date of Power of Attorney execution by Kenneth D. Denman.
05/14/2024Date of transaction: Acquisition of Deferred Stock Units.
05/16/2024Date of Form 4 filing.

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