filings.toolsItem 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
5K characters. Original on sec.gov · Markdown
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Motorola Solutions' common stock is listed on the New York Stock Exchange and trades under the symbol "MSI." The number of stockholders of record of its common stock on February 7, 2022 was 19,475. This figure does not include a substantially greater number of “street name” holders whose shares are held of record by banks, brokers and other financial institutions.
During 2021, we declared regular quarterly dividends of $0.71 per share of our common stock for each of the first three quarters of fiscal 2021, and $0.79 per share of our common stock for the fourth quarter of fiscal 2021. While we expect to continue to pay comparable regular quarterly dividends in 2022, any future dividend payments will be at the discretion of our Board of Directors and will depend upon our profits, financial requirements and other factors, including legal restrictions on the payment of dividends, general business conditions and such other factors as our Board of Directors deems relevant.
Unregistered Sales of Equity Securities
On October 29, 2021, the Company issued 2,814 shares of common stock in connection with the acquisition of Envysion to certain former shareholders of Envysion. The stock was issued for an aggregate grant-date fair value of $1 million that will be expensed over an average service period of one year. Additionally, on December 16, 2021, the Company issued 13,007 shares of common stock in connection with the acquisition of 911 Datamaster to certain former equityholders of 911 Datamaster. The stock was issued for an aggregate grant-date fair value of $3 million that will be expensed over an average service period of two years. The foregoing transactions did not involve any underwriters, any underwriting discounts or commissions, or any public offerings. The shares with respect to both transactions were issued in reliance upon the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended, in privately negotiated transactions not involving any public offerings or solicitations.
Issuer Purchases of Equity Securities
The following table provides information with respect to acquisitions by the Company of shares of its common stock during the quarter ended December 31, 2021.
| Period | (a) Total Number of Shares Purchased | (b) Average Price Paid per Share (1) | (c) Total Number of Shares Purchased as Part of Publicly Announced Plans or Program (2) | (d) Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Program (2) | |||||||||||||||||||
| 10/02/2021 to 10/27/2021 | 299,184 | $ | 239.06 | 299,184 | $ | 2,168,146,611 | |||||||||||||||||
| 10/28/2021 to 11/23/2021 | 86,577 | $ | 247.78 | 86,577 | $ | 2,146,694,562 | |||||||||||||||||
| 11/24/2021 to 12/31/2021 | 101,964 | $ | 256.20 | 101,964 | $ | 2,120,571,843 | |||||||||||||||||
| Total | 487,725 | $ | 244.19 | 487,725 |
| (1) | Average price paid per share of common stock repurchased is the execution price, including commissions paid to brokers. | ||||
| (2) | As originally announced on July 28, 2011, and subsequently amended, including in May 2021, the Board of Directors has authorized the Company to repurchase an aggregate amount of up to $16.0 billion of its outstanding shares of common stock (the “share repurchase program”). The share repurchase program does not have an expiration date. As of December 31, 2021, the Company had used approximately $13.9 billion, including transaction costs, to repurchase shares, leaving $2.1 billion of authority available for future repurchases. |
Performance Graph
The following graph compares the five-year cumulative total shareholder returns of Motorola Solutions, Inc., the S&P 500 Index and the S&P Communications Equipment Index.
This graph assumes $100 was invested in the stock or the indices on December 31, 2016 and reflects the reinvestment of dividends.
| Years Ended | December 31, 2016 | December 31, 2017 | December 31, 2018 | December 31, 2019 | December 31, 2020 | December 31, 2021 | ||||||||||||||
| Motorola Solutions | $ | 100.00 | $ | 111.45 | $ | 144.48 | $ | 205.43 | $ | 220.61 | $ | 357.18 | ||||||||
| S&P 500 | $ | 100.00 | $ | 121.82 | $ | 116.47 | $ | 153.13 | $ | 181.29 | $ | 233.28 | ||||||||
| S&P Communications Equipment | $ | 100.00 | $ | 127.11 | $ | 146.28 | $ | 165.89 | $ | 166.94 | $ | 252.61 |
Previous: Item 4. Mine Safety Disclosures · Next: Item 6. [Reserved.]