UL Solutions executive awarded RSU dividend equivalents
Schjotz Gitte reported acquisition or exercise transactions in this Form 4 filing.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Schjotz Gitte reported acquisition or exercise transactions in this Form 4 filing.
UL Solutions Inc. executive Gitte Schjotz reported four small grants of restricted stock units (RSUs) tied to dividend equivalent rights on existing RSU awards. Each RSU represents a contingent right to one share of Class A Common Stock, and the related dividend equivalents vest proportionately with the original RSUs in three equal installments on anniversaries of May 1, 2024, January 1, 2025, April 1, 2025 and April 1, 2026.
Insider Trade Summary
Grant/Award: 18 shares
Grant/Award
4 txns
Insider
Schjotz Gitte
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 4 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 5 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 4 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 5 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 13,385 contracts (Direct)
Footnotes (7)
- F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- F2. Represents accrual of dividend equivalent rights on RSUs held by the Reporting Person.
- F3. The dividend equivalent rights accrued on RSUs held by the Reporting Person and vest proportionately with the RSUs to which they relate. The RSUs vest in three equal installments on the first, second and third anniversaries of May 1, 2024.
- F4. Includes RSUs and all dividend equivalent rights that have accrued on such RSUs to date.
- F5. The dividend equivalent rights accrued on RSUs held by the Reporting Person and vest proportionately with the RSUs to which they relate. The RSUs vest in three equal installments on the first, second and third anniversaries of January 1, 2025.
- F6. The dividend equivalent rights accrued on RSUs held by the Reporting Person and vest proportionately with the RSUs to which they relate. The RSUs vest in three equal installments on the first, second and third anniversaries of April 1, 2025.
- F7. The dividend equivalent rights accrued on RSUs held by the Reporting Person and vest proportionately with the RSUs to which they relate. The RSUs vest in three equal installments on the first, second and third anniversaries of April 1, 2026.
Key Figures
RSU grant size: 5 RSUs
RSU grant size: 4 RSUs
Holdings after transaction: 3,946 RSUs
+3 more
6 metrics
RSU grant size
5 RSUs
Grant of restricted stock units on dividend equivalents
RSU grant size
4 RSUs
Grant of restricted stock units on dividend equivalents
Holdings after transaction
3,946 RSUs
Total RSUs and dividend equivalents after one grant
Holdings after transaction
3,292 RSUs
Total RSUs and dividend equivalents after another grant
Holdings after transaction
3,381 RSUs
Total RSUs and dividend equivalents after third grant
Holdings after transaction
2,766 RSUs
Total RSUs and dividend equivalents after fourth grant
Key Terms
Restricted Stock Units, dividend equivalent rights, Class A Common Stock, vest in three equal installments, +1 more
5 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
dividend equivalent rights financial
"Represents accrual of dividend equivalent rights on RSUs held by the Reporting Person"
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
Class A Common Stock financial
"receive one share of the Issuer's Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
vest in three equal installments financial
"The RSUs vest in three equal installments on the first, second and third anniversaries"
Reporting Person financial
"Represents accrual of dividend equivalent rights on RSUs held by the Reporting Person"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Gitte Schjotz report in this UL Solutions (ULS) Form 4?
Gitte Schjotz reported four small acquisitions of restricted stock units. These RSUs reflect dividend equivalent rights on existing RSU awards and represent contingent rights to receive UL Solutions Class A Common Stock, vesting over time according to the original grant schedules.
Are the UL Solutions (ULS) Form 4 transactions open-market buys or sales?
The Form 4 transactions are not open-market buys or sales. They are classified as grants or awards of restricted stock units, representing dividend equivalent rights that accrue on previously granted RSUs held by the reporting person at no purchase price.
How many UL Solutions (ULS) restricted stock units were granted in each transaction?
The filing shows four RSU grants of 5, 4, 5 and 4 units. Each grant represents dividend equivalent rights tied to existing RSUs, with each unit corresponding to a contingent right to receive one share of Class A Common Stock upon vesting.
What does each UL Solutions (ULS) restricted stock unit represent?
Each restricted stock unit represents a contingent right to receive one share of UL Solutions Class A Common Stock. The dividend equivalent rights on these RSUs accrue based on dividends and vest in proportion to the underlying RSUs over the specified vesting schedule.
When do the UL Solutions (ULS) RSUs and dividend equivalents vest for Gitte Schjotz?
The RSUs and related dividend equivalent rights vest in three equal installments. Vesting occurs on the first, second and third anniversaries of grant reference dates: May 1, 2024, January 1, 2025, April 1, 2025 and April 1, 2026, depending on the specific RSU award.
Does the UL Solutions (ULS) Form 4 show remaining RSU holdings after the grants?
Yes. After the reported transactions, RSU-related holdings shown include 3,946 units in one line, 3,292 in another, 3,381 in a third, and 2,766 in a fourth. These figures include RSUs and all accrued dividend equivalent rights to date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
