Hancock Lynn H 4

What Happened

• Lynn Hancock, Executive Vice President & Chief Transformation Officer at UL Solutions (ULS), had 1,293 restricted stock units convert to shares on May 1, 2026 (reported on a Form 4 filed 2026-05-05). Of those, 573 shares were surrendered/withheld to cover tax obligations at $91.60 per share, valued at about $52,487. Net shares retained from that conversion were 720.
• Hancock also made small open‑market purchases earlier: 8 shares on 2025-12-08 at $77.82 ($623) and 9 shares on 2026-03-12 at $83.31 ($750). These are tiny purchases relative to the RSU settlement.

Key Details

• Transaction dates and prices:
  • 2026-05-01: RSU conversion/exercise of derivative — 1,293 shares acquired (no per‑share price reported for conversion).
  • 2026-05-01: Tax withholding/disposition — 573 shares withheld at $91.60/share = $52,487.
  • 2026-03-12: Small acquisition — 9 shares @ $83.31 = $750.
  • 2025-12-08: Open‑market purchase — 8 shares @ $77.82 = $623.
• Shares owned after transaction: Not specified in the excerpted filing.
• Notable footnotes:
  • F1–F3 indicate these were restricted stock units (RSUs) that convert 1:1 to Class A common stock, include accrued dividend equivalents, and vest in three equal installments on the 1st, 2nd and 3rd anniversaries of May 1, 2024.
  • Code meanings: M = exercise/conversion of derivative (RSU settlement), F = shares withheld/used to pay tax liability.
• Filing timeliness: Form filed 2026-05-05; the filing does not indicate a late‑filing notation in this excerpt.

Context

• This was largely an RSU vesting/settlement event, not a market sale. The withholding of 573 shares to cover taxes is a routine administrative disposition (common with RSU settlements) rather than an open‑market sell signal. Net result: Hancock added about 720 shares to her holdings after tax withholding.
• The two small purchases (17 shares total) are minor and may reflect routine buying; they are small relative to the RSU conversion.