Form 4: UL Solutions Director Kevin Kennedy Reports Acquisition of Dividend Equivalent Rights
SEC Form 4 Filing
Director Kevin Kennedy reported the acquisition of 14 dividend equivalent rights related to restricted stock units.
Summary
- On June 18, 2024, Kevin Kennedy, a director of UL Solutions Inc., reported acquiring 14 dividend equivalent rights.
- These rights are associated with restricted stock units and vest proportionately with them.
- Each dividend equivalent right represents the economic equivalent of one share of UL Solutions' Class A Common Stock.
- Following the transaction, Kennedy directly owns 14 dividend equivalent rights.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing (Form 4) detailing the acquisition of dividend equivalent rights, which is a neutral event.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 06/18/2024 | Date of transaction: Acquisition of dividend equivalent rights |
| 06/21/2024 | Date of report signature |
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