Uggetti Alberto 4
Research Summary
AI-generated summary
ULS EVP & CCO Alberto Uggetti Exercises Options, Surrenders Shares
What Happened
- Alberto Uggetti, EVP & Chief Commercial Officer of UL Solutions Inc. (ULS), exercised stock options to acquire 4,374 shares on 2026-03-01. The exercise price paid was $13.15 per share for a total cash outlay of $57,518.
- To satisfy tax withholding, 1,589 of the newly issued shares were surrendered/withheld at an implied price of $83.97 per share, totaling $133,428. After withholding, Uggetti received a net 2,785 shares.
- Transaction codes: M = option exercise/conversion; F = payment of exercise price or tax liability (share withholding).
Key Details
- Transaction date: 2026-03-01; Filing date: 2026-03-03 (timely).
- Exercise: 4,374 shares @ $13.15 = $57,518 (cash paid).
- Withholding/tax: 1,589 shares @ $83.97 = $133,428 (surrendered/withheld).
- Net shares issued to insider: 2,785 (4,374 − 1,589).
- Shares owned after transaction: not specified in the filing.
- No 10b5-1 plan or other footnotes were indicated in the transaction details provided.
Context
- This was an option exercise with shares withheld to cover tax obligations (a common "net" or cashless-style settlement). Such exercises are routine and reflect option vesting/exercise decisions rather than an open-market purchase or sale indicating a directional bet.