Dadakis Alex 4

What Happened
Alex Dadakis, Executive Vice President and President, Testing, Inspection and Certification at UL Solutions (ULS), was granted a total of 28 restricted stock units (RSUs) on June 8, 2026. The filing shows three separate RSU awards of 15, 5 and 8 units, each reported with a $0 acquisition price (derivative awards). RSUs are a contingent right to receive shares in the future rather than immediate share purchases or sales.

Key Details

• Transaction date: June 8, 2026; Form 4 filed June 10, 2026 (timely filing).
• Awards: 15 RSUs, 5 RSUs, and 8 RSUs — total 28 RSUs; reported price $0.
• Nature: Derivative awards (RSUs). Footnote F1 confirms each RSU equals a contingent right to one share of Class A common stock.
• Dividend equivalents: Dividend-equivalent rights have accrued on these RSUs and vest proportionately with the underlying RSUs (see footnotes F2, F3, F5, F6).
• Vesting: The filing references multi-year vesting schedules — RSUs vest in three equal installments on anniversaries cited (March 3, 2025; April 1, 2025; and April 1, 2026) as applicable to the respective awards per the footnotes.
• Shares owned after transaction: Not specified in the submitted excerpt of the filing.
• Filing timeliness: Reported June 10 for a June 8 transaction (within the usual two-business-day window).

Context

• These entries are awards/compensation (A) — common for executives and typically reflect pay/retention programs rather than open-market buying or selling. RSUs do not convert into actual shares until they vest; until then they are a contingent claim.
• Dividend-equivalent rights accrue and will vest along with the RSUs, meaning any payout tied to dividends generally becomes payable only when the related RSUs vest.
• No cash changed hands in this report and the filing does not indicate any immediate sale or exercise of underlying shares.