Form 4: UL Solutions Executive Vice President Sells Shares and Dividend Rights

Gitte Schjotz, Executive Vice President of UL Solutions, sold 5,941 shares of Class A Common Stock and 69,191 dividend equivalent rights on December 9, 2024.

Summary

• Gitte Schjotz, an Executive Vice President at UL Solutions, sold 5,941 shares of Class A Common Stock on December 9, 2024.
• The shares were sold at a weighted-average price of $52.5818, with individual transactions ranging from $52.505 to $52.73.
• Additionally, 69,191 dividend equivalent rights were also sold on the same day.
• Each dividend equivalent right is equivalent to one share of Class A Common Stock and accrued on restricted stock units held by the reporting person.
• These rights vest proportionately with the restricted stock units they relate to.

Sentiment

Score: 5

Explanation: The document describes a routine executive share sale, which is neither positive nor negative for the company's overall outlook.

Industry Context

Executive share sales are a common occurrence and are often part of compensation packages or personal financial planning. This transaction is not unusual for a company of this size.

Comparison to Industry Standards

• Executive share sales are a common practice across publicly traded companies.
• The sale of shares and dividend equivalent rights is a typical transaction for executives holding equity-based compensation.
• The price range of $52.505 to $52.73 is within a normal range for market fluctuations.

Stakeholder Impact

• The share sale may have a minor impact on the stock price, but it is unlikely to be significant.

Key Dates

Keywords

UL Solutions, share sale, dividend equivalent rights, executive transaction, Class A Common Stock, Gitte Schjotz