Motorola Solutions Announces $2.0 Billion Share Repurchase Program Increase

Overview of the Filing

On September 9, 2026, Motorola Solutions, Inc. (NYSE: MSI) filed a Form 8-K under Item 8.01 (Other Events) announcing that its Board of Directors approved an additional $2.0 billion increase to its common stock repurchase program.

Key Program Details

• Incremental Authorization: $2.0 billion
• Total Program Size: Increases the aggregate repurchase program to $20.0 billion since its inception in July 2011.
• Expiration: No expiration date.
• Historical Activity & Remaining Authority:
  • As of July 4, 2026, the company had repurchased approximately $17.4 billion worth of common stock under the program.
  • At the end of Q2 2026, approximately $0.6 billion remained under the prior $18.0 billion authorization.
• Execution: Purchases may be executed from time to time via open market purchases or privately negotiated transactions subject to market conditions.

Market & Capital Allocation Implications

• The $2.0 billion program replenishment reinforces Motorola Solutions' ongoing commitment to returning capital to shareholders.
• With approximately $2.6 billion now available in total repurchase authority following this authorization, the company maintains strong flexibility for continued share count reduction.