THAMAN MICHAEL H 4
Research Summary
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UL Solutions (ULS) Director Michael Thaman Receives 3-Share Award
What Happened Michael H. Thaman, a director of UL Solutions Inc. (ULS), was granted 3 deferred restricted stock units (DRSUs) on June 8, 2026. The units were recorded as acquired at $0.00 (derivative award). These DRSUs represent contingent rights to receive shares in the future rather than immediate share ownership.
Key Details
- Transaction date and type: 2026-06-08 — Grant/award of 3 DRSUs (transaction code A); reported on Form 4 filed 2026-06-10.
- Price: $0.00 per unit (compensatory award).
- Shares owned after transaction: Not specified in the provided filing summary.
- Vesting/settlement: DRSUs vest on the earlier of May 20, 2027 or the date of the annual meeting following the May 20, 2026 grant; settlement will be in Class A common stock per the company plan.
- Dividend equivalents: Dividend equivalent rights accrue on the DRSUs and vest proportionately with them.
- Timeliness: Filing appears timely (transaction 6/8/2026; Form 4 filed 6/10/2026).
Context DRSUs are a deferred, compensatory award that convert to shares upon vesting and/or settlement; they are not an open-market purchase or sale and thus do not reflect an immediate change in economic exposure. Dividend equivalents that have accrued on the units will also be settled in shares and vest alongside the underlying DRSUs.