Form 4: James M. Shannon Reports Acquisition of Dividend Equivalent Rights in UL Solutions Inc.
SEC Form 4 Filing
Director James M. Shannon reports acquiring dividend equivalent rights related to restricted stock units in UL Solutions Inc.
Summary
- James M. Shannon, a director of UL Solutions Inc., filed a Form 4 on June 21, 2024, reporting a transaction that occurred on June 18, 2024.
- The transaction involved the acquisition of 14 dividend equivalent rights, each economically equivalent to one share of UL Solutions Inc.'s Class A Common Stock.
- These rights accrued on restricted stock units held by Shannon and vest proportionately with the related restricted stock units.
- Following the transaction, Shannon directly owns 14 dividend equivalent rights.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing, indicating standard corporate governance practices. It doesn't inherently convey positive or negative sentiment, but transparency is generally viewed favorably.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
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 |
|---|---|
| 06/18/2024 | Date of transaction: Acquisition of dividend equivalent rights. |
| 06/21/2024 | Date of Form 4 filing. |
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