KENNEDY KEVIN 4

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.