Schjotz Gitte 4
Research Summary
AI-generated summary
UL Solutions (ULS) EVP Gitte Schjotz Receives 18 RSUs
What Happened
- Gitte Schjotz, Executive Vice President and Chief Business Operations & Innovation Officer at UL Solutions (ULS), received four restricted stock unit (RSU) awards on June 8, 2026 totaling 18 RSUs (4 + 5 + 4 + 5). Each RSU is a contingent right to one share of Class A common stock; the awards were granted at $0 (derivative awards), so no cash changed hands on grant.
Key Details
- Transaction date: 2026-06-08; Form 4 filed: 2026-06-10 (appears timely).
- Transaction code: A = Award/Grant (derivative RSUs).
- Shares/units granted: 18 RSUs in total (4, 5, 4, 5 tranches).
- Reported dollar amount: $0 listed per grant (typical for RSU grants); economic value will depend on ULS share price when RSUs vest/settle.
- Vesting and dividend equivalents: RSUs include accrued dividend-equivalent rights that vest proportionately with the RSUs. Vesting schedules referenced in the filing occur in three equal annual installments tied to anniversary dates (see footnotes for May 1, 2024; Jan 1, 2025; Apr 1, 2025; Apr 1, 2026).
- Shares owned after transaction: Not specified in this Form 4.
Context
- These are equity compensation awards (not open‑market purchases or sales). RSUs are commonly used to retain executives and align incentives; they convert into shares (or cash equivalent) only as they vest. The filing shows no sales or exercises tied to these grants.