Form 4: Motorola Solutions SVP, General Counsel James A. Niewiara Reports Acquisition of Market Stock Units
SEC Form 4 Filing
James A. Niewiara, SVP and General Counsel of Motorola Solutions, Inc., reported the acquisition of 1,511 market stock units (MSUs) on March 14, 2024, which will vest over three years and convert into shares of common stock based on performance criteria.
Summary
- On March 14, 2024, James A. Niewiara, the Senior Vice President and General Counsel of Motorola Solutions, Inc., acquired 1,511 market stock units (MSUs).
- These MSUs will convert into shares of Motorola Solutions common stock on a 1-for-1 basis.
- The number of MSUs earned can vary from 0% to 200% of the target number, depending on the average closing price of the company's common stock on the grant date compared to the vesting date.
- One-third of the MSU award will vest annually on the first, second, and third anniversaries of the grant date.
- The MSUs will only vest if the share price on the vesting date is at least 60% of the share price on the grant date.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to executive compensation, indicating a neutral sentiment.
Future Outlook
The market stock units will vest over the next three years, contingent on the company's stock price performance.
Industry Context
This filing is a routine disclosure related to executive compensation and aligns with standard practices for publicly traded companies.
Stakeholder Impact
- The vesting of market stock units incentivizes the executive to improve company performance, potentially benefiting shareholders.
- The vesting of market stock units has no immediate impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 03/14/2024 | Date of transaction: Acquisition of 1,511 Market Stock Units |
| 03/18/2024 | Date of Form 4 filing |
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