KENNEDY KEVIN 4

What Happened Kevin Kennedy, a director of UL Solutions Inc. (ULS), received a grant of 2,206 restricted stock units (RSUs) on May 20, 2026. The Form 4 reports the RSUs as a derivative award at $0.00 per unit (aggregate reported value $0 on the filing). These RSUs are a contingent right to receive Class A common stock upon vesting rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-20; Form 4 filed: 2026-05-22.
• Transaction type: Award/Grant (code A) of 2,206 RSUs; reported price $0.00 (derivative).
• Shares owned after transaction: not specified in this filing.
• Footnotes: F1 — each RSU converts to one share of Class A common stock upon vesting. F2 — RSUs vest on the earlier of the one-year anniversary of the grant or the date of the annual meeting following the grant.
• No 10b5-1 plan, tax-withholding, or sale reported in this filing.

Context RSUs are compensation awards that convert to actual shares only when they vest. This grant increases Kennedy’s potential future equity in ULS if and when the RSUs vest, but it is not an immediate cash purchase or sale and doesn’t necessarily signal insider market sentiment. The filing was submitted two days after the grant date; the report itself does not indicate a late filing.