SUSMAN SALLY 4

What Happened

Sally Susman, a director of UL Solutions Inc. (ULS), was granted a total of 12 deferred restricted stock units (DRSUs) on March 12, 2026 — two awards of 8 and 4 units. Each unit is a contingent right to receive one share of the issuer’s Class A common stock; the awards were reported as acquired at $0 (typical for compensation awards), so no cash changed hands. These are derivative compensation awards (not open-market purchases or sales).

Key Details

• Transaction date: 2026-03-12 (filed with the SEC 2026-03-16 — filing appears timely).
• Awards: 8 DRSUs and 4 DRSUs (total 12); reported acquisition price $0.00.
• Shares owned after transaction: not specified in the filing.
• Footnotes summarized from the filing:
  • F1: Each deferred restricted stock unit equals the right to one share of Class A common stock.
  • F2: Some units accrue dividend equivalent rights.
  • F3/F5: Dividend equivalents vest with the related units. Some deferred units referenced in the filing had vested previously (e.g., May 1, 2025) and/or will vest by (or on the earlier of) May 20, 2026 or the next annual meeting; settlement is per the Non‑Employee Director Deferred Compensation Plan (settlement date elected by the reporting person or as provided by the Plan).
  • F4: Aggregate includes DRSUs plus accrued dividend equivalents to date.

Context

• These are compensation awards to a non-employee director (routine for board service) and represent future rights to receive shares upon vesting/settlement — not an immediate buy or sell signal.
• Dividend equivalent rights typically convert to additional shares or cash upon settlement and vest on the same schedule as the underlying units.
• No 10b5-1, cashless exercise, gift, or tax-withholding sale was reported in this filing.