Form 4: UL Solutions Executive Reports Accrual of Restricted Stock Units and Dividend Equivalents

UL Solutions Inc. Executive Vice President Alex Dadakis reported the accrual of additional restricted stock units (RSUs) and associated dividend equivalent rights, aligning executive compensation with shareholder interests.

Summary

• Alex Dadakis, Executive Vice President, Chief Business Operations and Innovation Officer at UL Solutions Inc. (ULS), reported changes in his beneficial ownership of company securities.
• On June 9, 2025, Mr. Dadakis acquired 29 Restricted Stock Units (RSUs) representing accrual of dividend equivalent rights.
• These 29 RSUs, along with their dividend equivalent rights, will vest in three equal installments on the first, second, and third anniversaries of March 3, 2025.
• Additionally, on June 9, 2025, Mr. Dadakis acquired 9 Restricted Stock Units (RSUs) also representing accrual of dividend equivalent rights.
• These 9 RSUs, with their dividend equivalent rights, will vest in three equal installments on the first, second, and third anniversaries of April 1, 2025.
• The dividend equivalent rights, which represent a contingent right to receive one share of Class A Common Stock, are now aggregated and reported with the underlying restricted stock units.
• Following these transactions, Mr. Dadakis beneficially owns 15,946 restricted stock units (including accrued dividend equivalent rights) related to the first grant and 5,194 restricted stock units (including accrued dividend equivalent rights) related to the second grant.

Sentiment

Score: 6

Explanation: Slightly positive, as it indicates an executive's continued equity participation and alignment with shareholder interests through routine compensation mechanisms.

Positives

• The accrual of dividend equivalent rights on restricted stock units indicates ongoing equity participation for a key executive, aligning management's financial interests with those of shareholders.
• The vesting schedule encourages long-term commitment and performance from the executive.

Future Outlook

The acquired restricted stock units and their associated dividend equivalent rights are set to vest in three equal installments on the first, second, and third anniversaries of their respective base dates (March 3, 2025, and April 1, 2025).

Industry Context

This Form 4 filing is a routine disclosure of an insider's equity holdings and changes, common across publicly traded companies as part of executive compensation and retention strategies. It reflects standard corporate governance practices regarding executive incentives.

Stakeholder Impact

• Shareholders: The accrual of equity for a key executive helps align management's long-term interests with those of shareholders, potentially fostering better performance and value creation.
• Employees: This filing pertains specifically to executive compensation and does not directly impact the broader employee base.

Next Steps

• The restricted stock units and dividend equivalent rights will vest in three equal installments on the first, second, and third anniversaries of March 3, 2025, and April 1, 2025, respectively.

Key Dates

Keywords

UL Solutions, ULS, Form 4, SEC filing, insider transaction, restricted stock units, RSU, dividend equivalent rights, executive compensation, beneficial ownership