Motorola Solutions (NYSE: MSI) director granted deferred stock units tied to Silver Lake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Mondre Greg reported acquisition or exercise transactions in this Form 4 filing.
Motorola Solutions, Inc. director Greg Mondre received a grant of 63 deferred stock units of common stock valued at $438.96 per unit, classified as a director compensation award. This increased his direct deferred stock unit holdings to 1,863.32.
An additional 21,965.99 deferred stock units are held indirectly for the benefit of Silver Lake entities. Under Mondre’s compensation arrangement, proceeds from any sale of these indirectly held securities are expected to be remitted to Silver Lake and/or its limited partners, and Mondre disclaims beneficial ownership except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Mondre Greg
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 63 | $438.96 | $28K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,863.32 shares (Direct);
Common Stock — 21,965.99 shares (Indirect, See footnote)
Footnotes (1)
- Deferred Stock Unit award subject to deferred distribution after termination of service as a director of the Issuer, an exempt transaction pursuant to Rule 16b-3(d) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Includes Deferred Stock Units received pursuant to dividend equivalent rights, which were credited to the reporting person when and as dividends were paid on the Issuer's common stock. These securities are held by Mr. Mondre for the benefit of Silver Lake Technology Management, L.L.C., certain of its affiliates and certain of the funds they manage ("Silver Lake"). Mr. Mondre serves as a director of the Issuer. Pursuant to Mr. Mondre's arrangement with Silver Lake with respect to director compensation, upon the sale of these securities, the proceeds from such sale(s) are expected to be remitted to Silver Lake and/or its limited partners. Mr. Mondre, through his role at Silver Lake and its affiliates, may be deemed to have an indirect interest in the securities reported herein. Pursuant to Rule 16a-1(a)(4) under the Exchange Act, this filing shall not be deemed an admission that Mr. Mondre is the beneficial owner of all securities covered by this filing, and Mr. Mondre disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, if any.