Form 4: James M. Shannon Reports Dividend Equivalent Rights Acquisition 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
- On September 9, 2024, James M. Shannon, a director of UL Solutions Inc., acquired 12 dividend equivalent rights.
- These rights are economically equivalent to shares of Class A Common Stock and accrue on restricted stock units held by Shannon.
- The dividend equivalent rights vest proportionately with the restricted stock units to which they relate.
- The reporting person directly owns 26 dividend equivalent rights.
Sentiment
Score: 5
Explanation: This is a routine disclosure of insider activity, neither particularly positive nor negative.
Industry Context
This is a standard SEC Form 4 filing, reflecting changes in beneficial ownership by a company insider. Such filings are common and provide transparency to the market regarding insider transactions.
Stakeholder Impact
- The acquisition of dividend equivalent rights by a director may be of interest to shareholders as it reflects changes in insider ownership.
Key Dates
| Date | Description |
|---|---|
| 09/09/2024 | Date of transaction: Acquisition of dividend equivalent rights |
| 09/11/2024 | Date of signature for the Form 4 filing |
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