UL Solutions (ULS) Director Kevin Kennedy Receives 19 RSU/DRSU Awards

What Happened

• Kevin Kennedy, a director of UL Solutions Inc. (ULS), was granted three awards on September 10, 2026: 10, 5 and 4 units (19 total). Each award is reported as a derivative grant (code A) at $0.00 per unit, representing contingent rights to one share of the issuer's Class A common stock apiece.

Key Details

• Transaction date: September 10, 2026; filing date: September 14, 2026.
• Grants: 10 units, 5 units, and 4 units (total 19 units); reported price $0.00 (these are awards/derivatives, not cash purchases).
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes of note:
  • F1: Each RSU/DRSU equals a contingent right to one Class A share.
  • F2/F6: Dividend equivalent rights accrue on (D)RSUs.
  • F3/F5: Certain DRSUs vested previously (May 1, 2025 and May 20, 2026) and will be settled in shares either on a date selected by the reporting person under the Non‑Employee Director Deferred Compensation Plan or as otherwise provided by the plan.
  • F7: Some RSUs vest the earlier of May 20, 2027 or the date of the annual meeting following the May 20, 2026 grant.
  • F4/F8: References that totals include dividend equivalents accrued to date.
• No indication in the text provided that these grants were part of a 10b5-1 plan, sale, option exercise, gift, or tax-withholding event.

Context

• These are compensation awards (RSUs/DRSUs), which are common for non-employee directors and represent future settlement rights to shares rather than open‑market purchases. Dividend equivalents accrue and generally vest with the underlying units; some DRSUs noted in the footnotes have already vested and will be settled per the company’s director deferred compensation plan. Awards reported at $0 are standard for restricted stock units (they reflect grant of rights, not a cash purchase).