Form 4: Director James M. Shannon Acquires Deferred Stock Units in UL Solutions Inc.
SEC Form 4 Filing
James M. Shannon, a director of UL Solutions Inc., acquired 298 deferred stock units representing the right to receive Class A Common Stock on July 3, 2024.
Summary
- On July 3, 2024, James M. Shannon, a director of UL Solutions Inc., acquired 298 deferred stock units.
- Each deferred stock unit represents the right to receive one share of UL Solutions Inc.'s Class A Common Stock.
- The deferred stock units are fully vested and will be settled in shares of the Issuer's Class A Common Stock either (i) on a date selected by the reporting person pursuant to the Issuer's Non-Employee Director Deferred Compensation Plan (the 'Plan'), or (ii) as otherwise provided by the Plan.
- Following the transaction, Shannon directly owns 298 deferred stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to insider transactions, with neutral sentiment.
Future Outlook
The deferred stock units will be settled in shares of UL Solutions Inc.'s Class A Common Stock on a date selected by the reporting person or as otherwise provided by the Non-Employee Director Deferred Compensation Plan.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions, providing transparency to investors regarding the holdings and transactions of company directors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding director compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 07/03/2024 | Date of transaction: James M. Shannon acquired 298 deferred stock units. |
| 07/08/2024 | Date of signature for the Form 4 filing. |
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