Shannon James M 4

What Happened
Shannon James, a director of UL Solutions Inc. (ULS), received two awards of deferred restricted stock units on March 12, 2026 — 8 RSUs and 4 RSUs, for a total of 12 RSUs. Each RSU is a contingent right to one share of UL Solutions Class A common stock; the grants show $0 cash paid on acquisition because these are deferred awards, not open-market purchases.

Key Details

• Transaction date: 2026-03-12; Form 4 filed: 2026-03-16 (Accession 0000905148-26-001302). Filing appears timely (filed within the standard 2-business-day window).
• Transaction type/code: A (Grant/Award). Price per unit reported as $0.00; total immediate cash value $0.
• Quantity: 8 RSUs + 4 RSUs = 12 deferred RSUs.
• Shares owned after transaction: Not disclosed in the provided filing summary.
• Notable footnotes:
  • F1: Each deferred RSU represents a contingent right to one Class A share.
  • F2/F3/F5: Dividend equivalent rights accrue on these RSUs and vest proportionately; some RSUs referenced vested May 1, 2025 and are expected to be settled in shares on a date selected under the issuer’s Non-Employee Director Deferred Compensation Plan, while other deferred RSUs will vest the earlier of May 20, 2026 or the next annual meeting and are likewise expected to be settled in shares.
  • F4: Holdings referenced include both deferred RSUs and accrued dividend equivalents.

Context
These awards are compensation to a non-employee director and are recorded as deferred RSUs (not a purchase or sale). Deferred RSUs typically indicate future settlement in shares per the company’s plan and do not represent immediate cash proceeds or open-market buying/selling activity.