KENNEDY KEVIN 4
4 · UL Solutions Inc. · Filed Jun 10, 2026
Research Summary
AI-generated summary of this filing
UL Solutions (ULS) Director Kevin Kennedy Receives Award
What Happened
- Kevin Kennedy, a director of UL Solutions Inc. (ULS), was granted a total of 14 restricted stock units/deferred restricted stock units (7 + 4 + 3) on 2026-06-08. Each unit is a contingent right to receive one share of the issuer's Class A common stock; the grants show $0.00 per unit (award/derivative transactions), so no cash was exchanged at grant.
Key Details
- Transaction date: 2026-06-08 (Form 4 filed 2026-06-10).
- Grants: three awards totaling 14 RSU/DRSU units (7, 4, and 3 units), reported as derivative acquisitions (code A).
- Price reported: $0.00 per unit (standard for equity awards).
- Shares owned after transaction: not specified in the filing.
- Footnotes highlight that each RSU/DRSU converts into one Class A share (F1); dividend-equivalent rights have accrued on certain DRSUs/RSUs and vest along with the underlying units (F2–F7). Some DRSUs referenced vested previously (May 1, 2025 and May 20, 2026) and will be settled in shares on a date elected under the company’s non-employee director deferred compensation plan (F3, F5).
- Filing timing: Form 4 was filed two days after the reported grants (appears timely).
Context
- These are award grants (not open-market purchases or sales). RSUs/DRSUs are derivative awards that convert into actual shares upon vesting/settlement; dividend-equivalent rights may also be paid in shares and generally vest with the underlying units. Awards to non-employee directors are common compensation and do not, by themselves, indicate the director bought or sold stock.
Insider Transaction Report
Form 4
KENNEDY KEVIN
Director
Transactions
- Award
Deferred Restricted Stock Units
[F1][F2][F3][F4]2026-06-08+7→ 4,969 total→ Class A Common Stock (7 underlying) - Award
Deferred Restricted Stock Units
[F1][F2][F5][F4]2026-06-08+4→ 2,809 total→ Class A Common Stock (4 underlying) - Award
Restricted Stock Units
[F1][F6][F7][F8]2026-06-08+3→ 2,209 total→ Class A Common Stock (3 underlying)
Footnotes (8)
- [F1]Each restricted stock unit ("RSU") and deferred restricted stock unit ("DRSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- [F2]Represents accrual of dividend equivalent rights on DRSUs held by the Reporting Person.
- [F3]The dividend equivalent rights accrued on DRSUs held by the Reporting Person and vest proportionately with the DRSUs to which they relate. The DRSUs vested on May 1, 2025, and will be settled in shares of the Issuer's Class A Common Stock either (i) on a date selected by the Reporting Person pursuant to the Issuer's Non-Employee Director Deferred Compensation Plan (the "Plan"), or (ii) as otherwise provided by the Plan.
- [F4]Includes DRSUs and all dividend equivalent rights that have accrued on such DRSUs to date.
- [F5]The dividend equivalent rights accrued on DRSUs held by the Reporting Person and vest proportionately with the DRSUs to which they relate. The DRSUs vested on May 20, 2026, and will be settled in shares of the Issuer's Class A Common Stock either (i) on a date selected by the Reporting Person pursuant to the Issuer's Plan, or (ii) as otherwise provided by the Plan.
- [F6]Represents accrual of dividend equivalent rights on RSUs held by the Reporting Person.
- [F7]The dividend equivalent rights accrued on RSUs held by the Reporting Person and vest proportionately with the RSUs to which they relate. The RSUs vest on the earlier of May 20, 2027, or the date of the annual meeting following the May 20, 2026, grant date.
- [F8]Includes RSUs and all dividend equivalent rights that have accrued on such RSUs to date.
Signature
/s/ Ryan Robinson, Attorney-in-Fact|2026-06-10