Hancock Lynn H 4

What Happened

• Lynn H. Hancock, Executive Vice President & Chief Transformation Officer of UL Solutions (ULS), was granted a total of 11 restricted stock units (RSUs) on March 12, 2026 (three awards: 4, 3, and 4 RSUs). Each RSU is a contingent right to receive one share of Class A common stock (footnote F1). The awards were reported at $0 per unit because they are compensation grants (derivative awards), not open-market purchases or sales.
• The filing shows dividend equivalent rights have accrued on these RSUs and vest proportionately with the units (F2, F3, F5, F6). These are awards/compensation rather than trades and do not directly indicate buying or selling in the market.

Key Details

• Transaction date: 2026-03-12; Filing date: 2026-03-16 (filed within the two-business-day Form 4 deadline).
• Grants: 4 RSUs, 3 RSUs, and 4 RSUs — total 11 RSUs; price shown $0 (award/grant).
• Derivative nature: Each RSU converts to one share if/when it vests (F1). Dividend equivalent rights are included and vest with the underlying RSUs (F2–F6).
• Vesting schedules referenced: awards vest in three equal installments tied to anniversaries of May 1, 2024; January 1, 2025; and April 1, 2025 (per footnotes F3, F5, F6). Timing means vesting is staggered and some installments may vest at different future dates.
• Shares owned after transaction: not specified in the filing (footnote F4 describes inclusion of RSUs and accrued dividend equivalents but no total holding figure reported).
• Filing timeliness: Reported on 2026-03-16 for a 2026-03-12 transaction — timely under Form 4 rules.

Context

• These entries are compensation awards (RSUs) rather than purchases or sales; they represent a future right to receive shares if vesting conditions are met. Dividend equivalent rights accrue and vest alongside the RSUs. For retail investors, awards signal executive compensation alignment with company performance/goals rather than an immediate market bet by the insider.