Chapin Linda S 4

What Happened

• Linda S. Chapin, EVP & CHRO of UL Solutions (ULS), received a mix of equity awards and settled derivative/RSU awards on April 1, 2026. The filing shows 5,815 shares issued at $84.57 (value ~$491,775) plus 3,282 shares from derivative/RSU settlements (2,365 RSUs and 917 shares from conversion/exercise) for a total of 9,097 shares acquired/issued. To cover tax withholding and related exercise costs, 2,962 shares were surrendered (385 + 2,577) valued at ~$250,496; an additional 917 derivative shares were used in the conversion/settlement process. Net of withholdings, Chapin increased her holding by 5,218 shares.

Key Details

• Transaction date: April 1, 2026; Form 4 filed April 3, 2026 (appears timely).
• Prices/values: Awarded 5,815 shares at $84.57 = $491,775; tax-withheld shares (385 + 2,577) at $84.57 = $32,559 + $217,937 = $250,496 total.
• Codes: A = grant/award; M = exercise/conversion of derivative; F = shares withheld to pay exercise price/taxes.
• Shares owned after transaction: Not reported in this filing.
• Notable footnotes: Awards include restricted stock units (RSUs) and settled performance awards; some RSUs vest in three equal annual installments (footnotes indicate April 1, 2025 and April 1, 2026 vesting schedules and accrued dividend equivalents).

Context

• These transactions are award/settlement-driven (not open-market buys or sales). The surrender of shares to cover taxes/exercise is a common administrative step (a cashless-like settlement) and does not necessarily signal a buy/sell opinion by the insider.
• For retail investors: awards increase insider exposure but reflect compensation practices; purchases on the open market typically carry clearer signals of personal bullishness than routine award settlements.