Form 4: UL Solutions Inc.: Executive Acquires Dividend Equivalent Rights
SEC Form 4 Filing
John A. Genovesi, an executive at UL Solutions Inc., acquired dividend equivalent rights related to restricted stock units.
Summary
- On March 10, 2025, John A. Genovesi, an Executive Vice President & President, Software and Advisory at UL Solutions Inc., acquired 14 dividend equivalent rights.
- These rights are linked to restricted stock units and vest proportionally with them.
- Each dividend equivalent right represents the economic equivalent of one share of UL Solutions Inc.'s Class A Common Stock.
- The price of each derivative security is $0.58.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding executive compensation, with neutral sentiment.
Industry Context
This is a standard SEC Form 4 filing, reflecting a change in beneficial ownership of securities. It is common for executives to receive dividend equivalent rights as part of their compensation packages, especially in conjunction with restricted stock units.
Stakeholder Impact
- The acquisition of dividend equivalent rights by an executive may be of interest to shareholders as it relates to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/10/2025 | Date of transaction: John A. Genovesi acquired dividend equivalent rights. |
| 03/12/2025 | Date of signature: Form 4 signed by Ryan Robinson, Attorney-in-Fact. |
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