Motorola Solutions Inc
For the period ended Sep 28, 2024. Filed Nov 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 28, 2024 · Filed Nov 7, 2024
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Share-Based Compensation Plans
- Share-Based Compensation Plans
Compensation expense for the Company’s share-based plans was as follows:
| Three Months Ended | Nine Months Ended | |||
|---|---|---|---|---|
| September 28, 2024 | September 30, 2023 | September 28, 2024 | September 30, 2023 | |
| Share-based compensation expense included in: | ||||
| Costs of sales | $12 | $10 | $36 | $30 |
| Selling, general and administrative expenses | 33 | 28 | 97 | 87 |
| Research and development expenditures | 16 | 14 | 47 | 43 |
| Share-based compensation expense included in Operating earnings | 61 | 52 | 180 | 160 |
| Tax benefit | (13) | (11) | (37) | (33) |
| Share-based compensation expense, net of tax | $48 | $41 | $143 | $127 |
| Decrease in basic earnings per share | $(0.29) | $(0.25) | $(0.86) | $(0.76) |
| Decrease in diluted earnings per share | $(0.28) | $(0.24) | $(0.84) | $(0.74) |
During the nine months ended September 28, 2024, the Company granted 0.6 million RSUs,0.1 million performance stock units (PSUs) and 0.04 million market stock units (MSUs) with an aggregate grant-date fair value of $184 million, $25 million and $14 million, respectively, and 0.1 million stock options and 0.1 million performance options (POs) with an aggregate grant-date fair value of $8 million and $14 million, respectively. The share-based compensation expense will generally be recognized over the vesting period ofthree years.
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