Scanlon Jennifer F. 4

What Happened Jennifer F. Scanlon, President, CEO and Director of UL Solutions Inc. (ULS), exercised or converted options to acquire 145,130 shares at an exercise price of $13.15 per share (total cash paid $1,908,460) on March 1, 2026. To satisfy tax withholding obligations, 75,411 shares were surrendered/disposed at $83.97 per share (total $6,332,262) on the same date. The filing also reports a derivative conversion line recorded at $0.00, which reflects the mechanics of the option-to-share conversion.

Key Details

• Transaction date: 2026-03-01; Form 4 filed 2026-03-03 (filed timely).
• Exercise (code M): 145,130 shares acquired at $13.15; cash paid $1,908,460.
• Tax withholding (code F): 75,411 shares disposed at $83.97; proceeds $6,332,262.
• Derivative line shows 145,130 shares disposed at $0.00 — bookkeeping for the option conversion.
• Footnote: Includes 341 shares (ESPP) acquired May 14, 2025 and 71 shares (ESPP) acquired Nov 14, 2025.
• Shares owned after the transaction: not specified in this filing.

Context This is an options exercise with a sell-to-cover (tax withholding) action — a common practice where exercised shares are sold or withheld to pay required taxes. Such transactions are routine for option exercises and do not, by themselves, indicate a change in insider sentiment.