Hecker Friedrich 4
Research Summary
AI-generated summary
UL Solutions (ULS) Director Friedrich Receives 4 RSUs
What Happened
Hecker Friedrich, a director of UL Solutions Inc. (ULS), was granted 4 restricted stock units (RSUs) on March 12, 2026. The filing reports the acquisition as 4 derivative units at $0.00 (no cash paid). This is an award/grant rather than an open‑market purchase or sale.
Key Details
- Transaction date: 2026-03-12; Form 4 filed 2026-03-16 (filing is within required timing).
- Reported transaction: Grant/award (derivative) of 4 RSUs at $0.00.
- Shares owned after transaction: Not specified in the filing.
- Footnotes of note:
- F1: Each RSU represents a contingent right to one share of Class A common stock.
- F2: Dividend equivalent rights accrue on the RSUs.
- F3: Dividend equivalents vest proportionately with the RSUs; RSUs vest on the earlier of May 20, 2026 or the date of the annual meeting following the grant.
- F4: Aggregate counts include RSUs plus accrued dividend equivalents to date.
Context
RSUs are derivative awards that convert into shares if and when they vest; they do not indicate an immediate cash outlay or sale of stock. This grant is a routine director compensation award; it does not by itself signal buying or selling activity in the open market.