Form 4: MSI Director Acquires Deferred Stock Units

Motorola Solutions director Greg Mondre acquired 61 deferred stock units, increasing his beneficial ownership, with indirect holdings benefiting Silver Lake.

Summary

• Director Greg Mondre acquired 61 Deferred Stock Units (DSUs) of Motorola Solutions, Inc. common stock on September 26, 2025.
• Each DSU was valued at $456.52 at the time of acquisition.
• Following this transaction, Mondre directly beneficially owns 1,719.42 units and indirectly beneficially owns 21,846.22 units.
• The DSUs are subject to deferred distribution after Mondre's termination of service as a director.
• Indirectly held securities are for the benefit of Silver Lake Technology Management, L.L.C. and its affiliates, with sale proceeds expected to be remitted to Silver Lake.
• The reported beneficial ownership includes DSUs received from dividend equivalent rights.

Sentiment

Score: 6

Explanation: The filing reports a routine acquisition of deferred stock units by a director as part of compensation, which is a neutral to slightly positive event indicating ongoing director involvement, though the beneficial ownership is primarily for Silver Lake.

Positives

• Director Greg Mondre's acquisition of 61 Deferred Stock Units (DSUs) aligns his interests with shareholders, even if the ultimate beneficiary is Silver Lake.
• The inclusion of dividend equivalent rights for DSUs ensures the holder benefits from company performance.

Future Outlook

Deferred Stock Units are subject to distribution after the termination of Greg Mondre's service as a director of Motorola Solutions, Inc.

Management Comments

• Mr. Mondre disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, if any, pursuant to Rule 16a-1(a)(4) under the Exchange Act.

Industry Context

This is a routine insider transaction report for director compensation and does not provide specific insights into broader industry trends or competitive landscape.

Related Party Transactions

• Indirectly held securities are for the benefit of Silver Lake Technology Management, L.L.C., its affiliates, and certain funds they manage. Proceeds from the sale of these securities are expected to be remitted to Silver Lake and/or its limited partners.

Stakeholder Impact

• Shareholders: Minor positive impact from director alignment, though the ultimate beneficiary of indirect holdings is Silver Lake.
• Management: Routine compensation structure for a director.

Next Steps

• Distribution of Deferred Stock Units to occur after the termination of Greg Mondre's service as a director.

Key Dates

Recommendation

This Form 4 details a routine acquisition of deferred stock units by a director as part of their compensation, with the beneficial interest largely tied to Silver Lake. It does not present any new material information that would fundamentally alter the investment thesis for Motorola Solutions, hence a 'hold' recommendation is appropriate.

Keywords

Motorola Solutions, MSI, Greg Mondre, Form 4, Insider Trading, Deferred Stock Units, Director Compensation, Silver Lake