Torstad Elisabeth 4
4 · UL Solutions Inc. · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
UL Solutions (ULS) Director Elisabeth Torstad Receives Award
What Happened
Elisabeth Torstad, a director of UL Solutions Inc. (ULS), received awards of deferred restricted stock units (RSUs) on March 12, 2026. The filing shows two derivative grants: 8 deferred RSUs and 4 deferred RSUs, each acquired with $0 cash consideration (total 12 RSUs). These are contingent rights to receive shares of the issuer’s Class A common stock rather than immediate share purchases.
Key Details
- Transaction date: 2026-03-12; Form 4 filed 2026-03-16 reporting the grants. (No late-filing flag provided in the supplied data.)
- Grant amounts: 8 RSUs (derivative, $0) and 4 RSUs (derivative, $0) — total 12 deferred RSUs.
- Transaction type: A = Award/Grant (derivative securities), not an open-market purchase or sale.
- Economic value reported: $0 cash paid at grant (these are compensation awards, not purchases).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes of note:
- Each deferred RSU equals a contingent right to one share (F1).
- Dividend equivalent rights accrue on the deferred RSUs and vest proportionately (F2, F3, F5).
- Some deferred RSUs referenced vested May 1, 2025 and are expected to be settled in shares at the reporting person’s election under the Non‑Employee Director Deferred Compensation Plan (F3). Other RSUs will vest the earlier of May 20, 2026 or the date of the annual meeting following the grant and are similarly expected to be settled in shares (F5).
Context
- Deferred RSUs are compensation awards that convert into stock (or cash in some plans) upon vesting/settlement; they are typical director compensation and do not represent an immediate cash purchase or sale.
- Dividend equivalent rights add value by mirroring dividends while units are outstanding; these rights vest with the underlying RSUs.
- Because this is an award (not a purchase or sale), it should be interpreted as compensation, not necessarily as a personal bullish or bearish trade by the director.
Insider Transaction Report
Form 4
Torstad Elisabeth
Director
Transactions
- Award
Deferred Restricted Stock Units
[F1][F2][F3][F4]2026-03-12+8→ 4,962 total→ Class A Common Stock (8 underlying) - Award
Deferred Restricted Stock Units
[F1][F2][F5][F4]2026-03-12+4→ 2,805 total→ Class A Common Stock (4 underlying)
Footnotes (5)
- [F1]Each deferred restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- [F2]Represents accrual of dividend equivalent rights on deferred restricted stock units held by the Reporting Person.
- [F3]The dividend equivalent rights accrued on deferred restricted stock units held by the Reporting Person and vest proportionately with the deferred restricted stock units to which they relate. The deferred restricted stock units vested on May 1, 2025 and are expected to be settled in shares of the Issuer's Class A Common Stock either (i) on a date selected by the reporting person pursuant to the Issuer's Non-Employee Director Deferred Compensation Plan (the "Plan"), or (ii) as otherwise provided by the Plan.
- [F4]Includes deferred restricted stock units and all dividend equivalent rights that have accrued on such deferred restricted stock units to date.
- [F5]The dividend equivalent rights accrued on deferred restricted stock units held by the Reporting Person and vest proportionately with the deferred restricted stock units to which they relate. The deferred restricted stock units will vest on the earlier of May 20, 2026 or the date of the annual meeting following the grant date and are expected to be settled in shares of the Issuer's Class A Common Stock either (i) on a date selected by the reporting person pursuant to the Issuer's Plan, or (ii) as otherwise provided by the Plan.
Signature
/s/ Ryan Robinson, Attorney-in-Fact|2026-03-16