Form 4: UL Solutions Executive Vice President Gitte Schjotz Reports Stock Transactions

Gitte Schjotz, Executive Vice President of UL Solutions, reported multiple transactions involving Class A Common Stock and Stock Appreciation Rights on December 6, 2024.

Summary

• Gitte Schjotz, an Executive Vice President at UL Solutions, filed a Form 4 detailing changes in beneficial ownership.
• On December 6, 2024, Ms. Schjotz sold 1,466 shares of Class A Common Stock at $54.50 per share.
• She also acquired 49,700 shares of Class A Common Stock through the exercise of stock appreciation rights at a price of $13.15 per share.
• Additionally, 12,250 shares of Class A Common Stock were disposed of at $53.35 per share.
• The transactions resulted in Ms. Schjotz holding 75,132 shares of Class A Common Stock.
• She also exercised 24,850 stock appreciation rights that were exercisable on April 1, 2023 and another 24,850 stock appreciation rights that were exercisable on March 1, 2024, both with an exercise price of $13.15.

Sentiment

Score: 5

Explanation: The document is a routine filing of stock transactions by an executive, and does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to executive stock transactions and is common for publicly traded companies.

Comparison to Industry Standards

• Executive stock transactions are a common occurrence in publicly traded companies, and the reporting of these transactions via Form 4 is standard practice.
• The exercise of stock appreciation rights and subsequent sale of shares is a typical way for executives to realize compensation and is not unusual compared to other companies.

Stakeholder Impact

• The transactions may have a minor impact on the stock price due to the volume of shares traded, but it is not expected to be significant.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Transactions, UL Solutions, Gitte Schjotz, Class A Common Stock, Stock Appreciation Rights