Schjotz Gitte 4

What Happened

• Gitte Schjotz, Executive Vice President and Chief Business Operations & Innovation Officer at UL Solutions (ULS), received stock awards and had related derivative conversions on April 1, 2026. The filing reports a grant of 9,045 shares valued at $84.57 each (total ~$764,936) plus 3,941 restricted stock units (RSUs) reported at $0.00. The report also shows conversion/exercise-type derivative activity for 1,643 shares, with a matching 1,643-share disposition reported in connection with that conversion.

Key Details

• Transaction date: 2026-04-01; filing date: 2026-04-03 (timely)
• Awarded: 9,045 shares @ $84.57 (value ~$764,936) and 3,941 RSUs @ $0.00
• Derivative activity: 1,643 shares reported as converted/exercised (M) and an equal 1,643-share disposition tied to that conversion (reported at $0.00)
• Shares owned after the transactions: not specified in the provided excerpt of the filing
• Notable footnotes: RSUs represent contingent rights to receive one share each (F1); the 9,045 shares were issued upon settlement of performance cash awards under the Pre-IPO LTIP based on achievement of performance criteria not tied to time or stock price (F2); the RSUs have specified multi-year vesting schedules and include accrued dividend equivalents (F3–F5)

Context

• The main action is receipt of performance-based stock awards (a bullish signal in that the company granted equity to an executive), while the reported derivative conversion and equal disposal likely reflect settlement mechanics (e.g., conversion/settlement or tax/withholding treatment). The filing is informational and does not state the insider’s intent.