Form 4: UL Solutions Director Kevin Kennedy Reports Acquisition of Dividend Equivalent Rights
SEC Form 4 Filing
Director Kevin Kennedy reports acquiring dividend equivalent rights related to restricted stock units of UL Solutions Inc.
Summary
- On March 10, 2025, Kevin Kennedy, a director of UL Solutions Inc., acquired 12 dividend equivalent rights.
- These rights are associated with restricted stock units held by Kennedy and vest proportionally with those units.
- Each dividend equivalent right represents the economic equivalent of one share of UL Solutions' Class A Common Stock.
- The price of each derivative security is $0.
- Following the transaction, Kennedy directly owns 49 derivative securities.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing, indicating standard corporate governance practices. The acquisition of dividend equivalent rights 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.
Stakeholder Impact
- The acquisition of dividend equivalent rights by a director has a minimal direct impact on stakeholders.
Key Dates
| Date | Description |
|---|---|
| 03/10/2025 | Date of transaction: Kevin Kennedy acquired dividend equivalent rights. |
| 03/12/2025 | Date of signature for the Form 4 filing. |
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