Scanlon Jennifer F. 4
Research Summary
AI-generated summary
UL Solutions (ULS) CEO Jennifer Scanlon Receives RSU Award
What Happened
- Jennifer F. Scanlon, President & CEO and Director of UL Solutions Inc. (ULS), was granted three awards of restricted stock units (RSUs) on 2026-06-08: 32 RSUs, 42 RSUs and 54 RSUs (128 RSUs total). Each award is recorded at $0.00 (these are equity awards, not open-market purchases or cash sales). RSUs are derivative awards that give a contingent right to receive one share of Class A common stock upon vesting.
Key Details
- Transaction date: 2026-06-08; Form 4 filed: 2026-06-10.
- Grant amounts and reported price: 32 RSUs @ $0.00, 42 RSUs @ $0.00, 54 RSUs @ $0.00 (total 128 RSUs).
- Total reported cash value at grant: $0 (RSUs are recorded as derivative awards; taxable value is determined under the company’s equity plan and applicable accounting rules).
- Shares owned after the transactions: Not specified in this filing.
- Notable footnotes: RSUs represent a contingent right to receive one share (F1). Dividend equivalent rights accrue on these RSUs and vest proportionately with them (F2, F3, F5, F6). Vesting schedules referenced in the filing indicate three equal annual installments tied to anniversaries of May 1, 2024; April 1, 2025; and April 1, 2026 for the respective awards.
- Filing timeliness: Form 4 was filed two days after the reported transaction date, consistent with normal Section 16 reporting timing.
Context
- These were compensation awards (A = Grant/Award), not purchases or sales; such grants are common for executives and reflect company compensation, not an immediate market view by the insider. RSUs convert to actual shares only as they vest according to the schedules noted above, and the filing shows dividend equivalent rights that vest along with the RSUs.