Form 4: Director Charles Hooper Reports Acquisition of Dividend Equivalent Rights in UL Solutions Inc.
SEC Form 4 Filing
Charles Hooper, a director of UL Solutions Inc., reported the acquisition of dividend equivalent rights related to restricted stock units.
Summary
- On September 9, 2024, Charles Hooper, a director of UL Solutions Inc., acquired 12 dividend equivalent rights related to restricted stock units.
- These rights are economically equivalent to shares of the Issuer's Class A Common Stock and vest proportionately with the restricted stock units to which they relate.
- The reporting person directly owns these dividend equivalent rights.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report changes in their beneficial ownership of company securities, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The acquisition of dividend equivalent rights by a director may be of interest to shareholders as it reflects the director's alignment with the company's performance.
Key Dates
| Date | Description |
|---|---|
| 09/09/2024 | Date of transaction: Acquisition of dividend equivalent rights |
| 09/11/2024 | Date of report filing |
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