Hancock Lynn H 4

What Happened

• Lynn H. Hancock, Executive Vice President & Chief Transformation Officer of UL Solutions (ULS), received equity in multiple transactions on April 1, 2026. The filing shows a grant/settlement of 5,168 shares valued at $84.57 each (total ~$437,058) and additional equity/RSU-related conversions totaling 1,577 shares (reported at $0). To satisfy tax obligations, 2,633 shares were surrendered as withholding (343 shares valued at $29,008 and 2,290 shares valued at $193,665; total ~$222,673). The transactions include conversions/exercises of derivative awards (code M) and awards/grants (code A), with tax withholding recorded under code F.

Key Details

• Transaction date: April 1, 2026; Form 4 filed April 3, 2026.
• Notable amounts: 5,168 shares granted @ $84.57 = $437,058; 2,633 shares withheld for taxes = ~$222,673.
• Transaction codes: A = grant/award; M = exercise/conversion of derivative; F = shares surrendered for tax withholding.
• Footnotes: RSUs represent contingent rights to one share (F1); some shares issued upon settlement of performance cash awards (F2); vesting schedules referenced include three equal installments on anniversaries of April 1, 2025 and April 1, 2026 for different awards (F3, F5). Dividend equivalents on RSUs are included (F4).
• Shares owned after the transaction: not specified in the provided excerpt of the filing.
• Filing timing: Report filed two days after the transactions (no late-filing flag noted in the excerpt).

Context

• These entries reflect award settlements/RSU conversions and associated tax withholding — common insider activity when restricted awards vest or performance awards settle. The tax-withholding disposals are routine and do not necessarily indicate a voluntary sale for investment reasons. The filing includes both performance-based settlements and RSU vesting terms; see footnotes for vesting schedules and award type.