Form 4: UL Solutions Executive Accrues Restricted Stock Units

UL Solutions Inc. EVP, CLO & Corporate Secretary Scott D'Angelo accrued additional dividend equivalent rights on restricted stock units, increasing his beneficial ownership.

Summary

• Scott D'Angelo, Executive Vice President, Chief Legal Officer, and Corporate Secretary of UL Solutions Inc., reported an accrual of dividend equivalent rights on restricted stock units.
• The transaction date for these accruals was December 8, 2025.
• One accrual involved 14 Restricted Stock Units, representing a contingent right to receive 14 shares of Class A Common Stock.
• Another accrual involved 5 Restricted Stock Units, representing a contingent right to receive 5 shares of Class A Common Stock.
• The dividend equivalent rights vest proportionately with the underlying restricted stock units.
• The related restricted stock units are scheduled to vest in three equal installments on the first, second, and third anniversaries of May 1, 2025.
• Following these transactions, D'Angelo beneficially owns 8,609 restricted stock units (including accrued dividend equivalent rights) and 3,586 restricted stock units (including accrued dividend equivalent rights) in separate holdings.

Sentiment

Score: 6

Explanation: The filing reports a routine, non-discretionary accrual of dividend equivalent rights, which is a neutral event but slightly positive as it increases the executive's beneficial ownership, aligning interests with shareholders.

Positives

• The accrual of dividend equivalent rights increases the executive's beneficial ownership in UL Solutions Inc., further aligning management interests with shareholders.

Future Outlook

The dividend equivalent rights will vest proportionately with the underlying restricted stock units, which are scheduled to vest in three equal installments on the first, second, and third anniversaries of May 1, 2025.

Industry Context

This filing is a routine insider transaction report and does not provide information related to broader industry trends or competitive landscape.

Stakeholder Impact

• Shareholders: Minor positive impact due to increased alignment of executive interests with shareholder value through greater beneficial ownership.

Next Steps

• Vesting of the underlying restricted stock units and associated dividend equivalent rights on the first, second, and third anniversaries of May 1, 2025.

Key Dates

Recommendation

This Form 4 reports a routine accrual of dividend equivalent rights on existing restricted stock units for an executive. It does not provide new information on the company's financial performance, strategic direction, or operational health that would warrant a change in investment recommendation. It primarily indicates an increase in the executive's beneficial ownership, which is generally a neutral to slightly positive signal for alignment of interests, but not a basis for a fundamental change in investment thesis.

Keywords

UL Solutions, ULS, Scott D'Angelo, Form 4, Insider Transaction, Restricted Stock Units, Dividend Equivalent Rights, Executive Compensation