UL Solutions (ULS) EVP exercises stock rights and withholds shares for taxes

Rhea-AI Filing Summary

UL Solutions Inc. executive Linda S. Chapin, EVP & CHRO, exercised stock appreciation rights and increased her direct holdings of Class A common stock. On March 1, 2026, she converted 14,910 Stock Appreciation Rights into 14,910 shares of Class A common stock at $13.15 per share. To cover tax obligations related to this award, 7,984 shares of Class A common stock were disposed of at $83.97 per share as a tax-withholding transaction, not an open-market sale. After these transactions, Chapin directly owned 18,303 shares of UL Solutions Inc. Class A common stock, which includes prior shares acquired through the company’s Employee Stock Purchase Plan.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Chapin Linda S

(Last) (First) (Middle)

C/O UL SOLUTIONS INC.

333 PFINGSTEN ROAD

(Street)

NORTHBROOK IL 60062

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
UL Solutions Inc. [ ULS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & CHRO

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	03/01/2026		M		14,910	A	$13.15	26,287(1)	D
Class A Common Stock	03/01/2026		F		7,984	D	$83.97	18,303	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Appreciation Right	$13.15	03/01/2026		M			14,910	03/01/2024	03/01/2026	Class A Common Stock	14,910	$0	0	D

Explanation of Responses:

1. Includes 262 shares acquired under the Issuer's Employee Stock Purchase Plan on May 14, 2025, and 92 shares acquired under the Issuer's Employee Stock Purchase Plan on November 14, 2025.

	/s/ Ryan Robinson, Attorney-in-Fact	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did UL Solutions (ULS) executive Linda S. Chapin report on this Form 4?

Linda S. Chapin reported exercising stock appreciation rights and related share dispositions. She converted 14,910 Stock Appreciation Rights into 14,910 Class A shares, then had 7,984 shares withheld to satisfy tax obligations, resulting in updated direct ownership of 18,303 shares of UL Solutions Inc. stock.

Did Linda S. Chapin buy or sell UL Solutions (ULS) stock on the open market?

The filing does not show open-market buying or selling. It reports an option-style exercise of 14,910 Stock Appreciation Rights and a tax-withholding disposition of 7,984 shares, where shares were delivered to cover taxes rather than sold as a discretionary market transaction.

How many UL Solutions (ULS) shares did Linda S. Chapin acquire through the derivative exercise?

She acquired 14,910 shares of UL Solutions Class A common stock through exercising Stock Appreciation Rights. The transaction is coded “M” for exercise or conversion of a derivative security, with the resulting common shares priced at $13.15 per share in the reported transaction.

What is the purpose of the 7,984 UL Solutions (ULS) shares disposed by Linda S. Chapin?

The 7,984 shares were disposed of as a tax-withholding transaction, coded “F.” This means shares were surrendered to satisfy tax liabilities associated with the derivative exercise, rather than representing a discretionary sale of stock into the open market by the executive.

What is Linda S. Chapin’s updated UL Solutions (ULS) share ownership after these transactions?

After the reported transactions, Linda S. Chapin directly owned 18,303 shares of UL Solutions Class A common stock. This total includes shares issued from the Stock Appreciation Right exercise along with shares previously acquired, including those from the company’s Employee Stock Purchase Plan.

What does the footnote in Linda S. Chapin’s UL Solutions (ULS) Form 4 explain?

The footnote explains that her reported direct holdings include 262 shares acquired under the Employee Stock Purchase Plan on May 14, 2025, and 92 shares acquired under the same plan on November 14, 2025, providing extra detail on how part of her current ownership was accumulated.