Dadakis Alex 4

What Happened
Alex Dadakis, Executive Vice President and President, Testing, Inspection and Certification at UL Solutions (ULS), reported awards and conversions tied to restricted stock units (RSUs) that vested on March 12, 2026. The filing shows two grants/awards recorded as acquisitions of 27 and 9 RSU-related derivative units (36 total) and conversion/exercise entries for 8 derivative units. To satisfy tax obligations, 3 shares were withheld (disposed) at $83.73 per share for a total reported withholding value of $251. The awards are recorded at $0.00 price because they are compensatory RSU grants, not open-market purchases.

Key Details

• Transaction date: March 12, 2026. Form 4 filed March 16, 2026 (timely).
• Grants/Awards: 27 RSU-related derivative units acquired (A, $0.00) and 9 RSU-related derivative units acquired (A, $0.00).
• Conversion/Exercise: 8 derivative units exercised/converted (M). Some exercise/conversion entries show $0.00 (derivative-to-share conversion).
• Tax withholding (F): 3 shares withheld/disposed at $83.73 each, total ~$251.
• Shares owned after transaction: not disclosed in the reported entries.
• Footnotes: RSUs represent a contingent right to one share (F1). Dividend equivalent rights have accrued on these RSUs and vest proportionately with them (F2–F5). Vesting schedules referenced include three equal installments tied to March 3, 2025 and April 1, 2025 anniversaries.
• Role: Reporting person is Executive VP and President, Testing, Inspection and Certification (remark).

Context
These entries reflect compensatory RSU vesting and associated derivative conversions, not an open-market buy or sale. The 3-share disposition is a tax withholding (common when equity awards vest) rather than a signal of market sentiment. Transaction codes: A = award/grant, M = exercise/conversion of a derivative, F = payment of exercise price or tax withholding.