4/A: Director Sally Susman Receives Deferred Restricted Stock Units in UL Solutions Inc. (ULS)

Sally Susman, a director of UL Solutions Inc., acquired 4,878 deferred restricted stock units representing the right to receive Class A Common Stock, as reported in a corrected SEC Form 4/A filing.

Summary

• This SEC Form 4/A filing reports a transaction by Sally Susman, a director of UL Solutions Inc.
• On May 1, 2024, Susman acquired 4,878 deferred restricted stock units (DRSU) which represent the contingent right to receive one share of the Issuer's Class A Common Stock each.
• The DRSUs will vest on the earlier of the one-year anniversary of the grant date or the date of the annual meeting following the grant date.
• Settlement will be in shares of UL Solutions Inc.'s Class A Common Stock, either on a date selected by Susman under the Non-Employee Director Deferred Compensation Plan or as otherwise provided by the Plan.
• This filing is an amendment to correct a previous filing on April 18, 2024, which inadvertently reported the grant early and contained errors in the security title, number of securities acquired, number of securities beneficially owned, and vesting details.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing detailing a stock grant to a director. It doesn't contain any particularly positive or negative information, but it does show that the director's interests are aligned with the company's success.

Future Outlook

The deferred restricted stock units will vest on the earlier of the one-year anniversary of the grant date or the date of the annual meeting following the grant date 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.

Industry Context

This filing is a routine disclosure of stock-based compensation for a company director, common in publicly traded companies to align director interests with shareholder value.

Comparison to Industry Standards

• Stock grants to directors are a common practice among publicly traded companies.
• The vesting schedule of one year or the next annual meeting is fairly standard.
• Companies like Intertek and Bureau Veritas, which are in a similar industry, also use stock grants as part of their director compensation packages.

Stakeholder Impact

• The stock grant aligns the director's interests with those of shareholders.
• The grant has a minor dilutive effect on existing shareholders.

Key Dates

Keywords

Form 4, SEC Filing, Deferred Restricted Stock Units, Director, Sally Susman, UL Solutions Inc., ULS, Class A Common Stock, Beneficial Ownership