UL Solutions (ULS) SVP & CAO Karen Pepping Receives RSU Award

What Happened
Karen K. Pepping, Senior Vice President & Chief Accounting Officer of UL Solutions Inc. (ULS), was granted three restricted stock units (RSUs) on September 10, 2026. Each line item in the filing shows 1 RSU acquired at $0.00 (derivative award), so no cash was paid and the reported cash value for the transaction is $0. RSUs represent a contingent right to receive one share of Class A common stock when vested.

Key Details

• Transaction date: 2026-09-10 (Form 4 filed 2026-09-14 — within the required two business-day window).
• Grants: three awards of 1 RSU each; reported price $0.00; total cash consideration $0.
• Ownership after transaction: not disclosed in the provided filing excerpt.
• Footnotes of note:
  • F1: Each RSU equals a contingent right to one share of Class A common stock.
  • F2–F6: Dividend equivalent rights accrue on the RSUs and vest proportionately with the RSUs. Vesting schedules referenced in the filing indicate the RSUs vest in three equal annual installments (examples in the footnotes cite anniversaries of May 1, 2024; April 1, 2025; and April 1, 2026).
• Transaction code: A = Award/Grant (derivative), not a purchase or sale.

Context

• These were equity compensation awards (RSUs), not open-market purchases or sales, so they reflect company compensation practices rather than an immediate buy/sell decision by the insider.
• Dividend equivalents noted in the filing accrue and vest with the underlying RSUs, meaning any accrued dividend-equivalent amounts convert to shares (or equivalent) only as those RSUs vest per their schedule.