DOLLIVE JAMES P 4

What Happened

• James P. Dollive, a director of UL Solutions, recorded conversions/exercises of derivative securities and the acquisition of vested restricted stock units (RSUs) on May 20, 2026. The filing shows: exercise/conversion of 2,805 derivative shares (acquired), a corresponding disposition of 2,805 derivative shares at $0.00, and the acquisition/award of 2,206 RSU shares at $0.00. No cash amounts were reported for these transactions.

Key Details

• Transaction date: May 20, 2026; Form 4 filed May 22, 2026 (appears timely).
• Reported entries:
  • M (exercise/conversion): 2,805 shares acquired (price N/A).
  • M (exercise/conversion/disposition): 2,805 shares disposed at $0.00 (derivative).
  • A (award/grant/acquisition): 2,206 shares acquired at $0.00 (RSU).
• Shares owned after the transaction: not specified in the filing.
• Footnotes:
  • F1: Each RSU represents a contingent right to one share of Class A common stock.
  • F2: The RSUs vested on May 20, 2026.
  • F3: RSUs generally vest on the earlier of one year after grant or the next annual meeting.
• No explicit 10b5-1 plan, tax-withholding note, or late-filing flag was listed.

Context

• The "M" code indicates exercise or conversion of a derivative; the "A" entry reflects receiving shares from vested RSUs. These filings are typically administrative (vesting/settlement) rather than open-market purchases or sales. Because amounts are $0.00 and RSUs vested the same day, this appears to reflect issuance/settlement of equity awards rather than a cash purchase or sale.