Schjotz Gitte 4

What Happened

• Gitte Schjotz, Executive Vice President and Chief Business Operations and Innovation Officer at UL Solutions (ULS), had 2,755 restricted stock units convert to 2,755 shares on May 1, 2026. The filing also shows 2,755 shares were disposed at $0.00, consistent with shares being withheld or net-settled to satisfy tax or withholding obligations rather than an open-market sale.

Key Details

• Transaction date: May 1, 2026; Form 4 filed: May 5, 2026 (filing appears timely).
• Acquired: 2,755 shares via conversion/exercise of RSUs (price N/A).
• Disposed: 2,755 shares at $0.00 (derivative disposition — likely tax withholding/net settlement).
• Footnotes: F1—each RSU converts to one Class A common share; F2—these RSUs vest in three equal annual installments beginning May 1, 2024; F3—includes accrued dividend equivalents to date.
• Shares owned after the transaction: not specified in the excerpt of this filing.

Context

• This filing reflects vesting/conversion of restricted stock units and an immediate withholding/net settlement of an equal number of shares to cover tax or other withholding obligations — a routine administrative step that does not necessarily indicate a buy or sell decision by the insider. For derivative transactions like RSU vesting, reported disposals at $0 often reflect retention/forfeiture/withholding mechanics rather than market sales.