Form 4: UL Solutions Executive Vice President Sells Shares in Open Market Transactions

Gitte Schjotz, Executive Vice President at UL Solutions, sold a total of 2,918 shares of Class A Common Stock in two separate transactions on December 10th and 11th, 2024.

Summary

• Gitte Schjotz, an Executive Vice President at UL Solutions, sold 2,726 shares of Class A Common Stock on December 10, 2024, at a weighted average price of $52.5811 per share.
• The shares were sold in multiple transactions with prices ranging from $52.50 to $52.73.
• On December 11, 2024, Ms. Schjotz sold an additional 192 shares of Class A Common Stock at a weighted average price of $52.628 per share.
• These shares were also sold in multiple transactions with prices ranging from $52.50 to $52.70.
• Following these transactions, Ms. Schjotz beneficially owns 66,273 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction of share sales by an executive, which is neither positive nor negative for the company's outlook.

Industry Context

Executive share sales are a common occurrence and are often part of personal financial planning. The sales do not necessarily indicate a negative outlook for the company.

Comparison to Industry Standards

• Executive share sales are a normal part of corporate activity and are common across all industries.
• The volume of shares sold by Ms. Schjotz is not unusual for an executive of her level.
• Similar transactions are regularly reported by executives at companies like Intertek, Bureau Veritas, and SGS, which are also in the testing, inspection, and certification industry.

Stakeholder Impact

• The share sales may have a minor impact on the stock price, but are unlikely to significantly affect shareholder value.

Key Dates

Keywords

UL Solutions, Executive Share Sale, Gitte Schjotz, Class A Common Stock, SEC Form 4, Insider Trading