UL Solutions (NYSE: ULS) director receives 3 deferred stock units as dividend equivalents
Rhea-AI Filing Summary
THAMAN MICHAEL H reported acquisition or exercise transactions in this Form 4 filing.
UL Solutions Inc. director Michael H. Thaman reported a small compensation-related award of 3 Deferred Restricted Stock Units (DRSUs), representing a contingent right to receive 3 shares of Class A Common Stock. These units reflect accrued dividend equivalent rights on existing DRSUs rather than an open-market purchase.
The dividend equivalents vest proportionately with the underlying DRSUs and will fully vest on the earlier of May 20, 2027 or the date of the annual meeting following the May 20, 2026 grant date. After this accrual, Thaman holds a total of 2,209 DRSUs, including all dividend equivalent rights accrued to date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
THAMAN MICHAEL H
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Restricted Stock Units | 3 | $0.00 | $0.00 |
Holdings After Transaction:
Deferred Restricted Stock Units — 2,209 shares (Direct)
Footnotes (4)
- F1. Each deferred restricted stock unit ("DRSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- F2. Represents accrual of dividend equivalent rights on DRSUs held by the Reporting Person.
- F3. The dividend equivalent rights accrued on DRSUs held by the Reporting Person and vest proportionately with the DRSUs to which they relate. The DRSUs vest on the earlier of May 20, 2027, or the date of the annual meeting following the May 20, 2026, grant date and will be settled in shares of the Issuer's Class A Common Stock either (i) on a date selected by the Reporting Person pursuant to the Issuer's Plan, or (ii) as otherwise provided by the Plan.
- F4. Includes DRSUs and all dividend equivalent rights that have accrued on such DRSUs to date.
Key Figures
DRSUs granted: 3 units
Total DRSUs after transaction: 2,209 units
Vesting date trigger: May 20, 2027
+2 more
5 metrics
DRSUs granted
3 units
Dividend equivalent rights on existing DRSUs, transaction on June 8, 2026
Total DRSUs after transaction
2,209 units
Includes all DRSUs and accrued dividend equivalent rights
Vesting date trigger
May 20, 2027
Earlier of this date or annual meeting following May 20, 2026 grant
Underlying security
1 share Class A Common per DRSU
Each DRSU converts into one share upon settlement
Transaction code
A (Grant, award, or other acquisition)
Form 4 derivative transaction classification
Key Terms
Deferred Restricted Stock Units, dividend equivalent rights, Class A Common Stock, vest, +1 more
5 terms
Deferred Restricted Stock Units financial
"Each deferred restricted stock unit ("DRSU") represents a contingent right to receive one share..."
Deferred restricted stock units are promises by a company to give employees or executives company shares at a future date, subject to conditions like continued employment or performance targets; the delivery and tax event are intentionally delayed. They matter to investors because they affect when new shares may be issued and how executives are motivated—like a paycheck held in escrow that vests over time, influencing potential share dilution and management behavior.
dividend equivalent rights financial
"Represents accrual of dividend equivalent rights on DRSUs 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
"Each deferred restricted stock unit ("DRSU") represents a contingent right to 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 financial
"The dividend equivalent rights accrued on DRSUs held by the Reporting Person and vest proportionately with the DRSUs to which they relate."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
contingent right financial
"Each deferred restricted stock unit ("DRSU") represents a contingent right to receive one share..."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did UL Solutions (ULS) director Michael H. Thaman report on this Form 4?
Michael H. Thaman reported receiving 3 Deferred Restricted Stock Units as a compensation-related award. These units arise from dividend equivalent rights on existing DRSUs and represent a right to receive Class A Common Stock in the future, not an open-market stock purchase.
How many UL Solutions (ULS) Deferred Restricted Stock Units does Michael H. Thaman hold after this transaction?
After the transaction, Michael H. Thaman holds 2,209 Deferred Restricted Stock Units in total. This figure includes both the original DRSUs and all dividend equivalent rights that have accrued on those units, as disclosed in the Form 4 footnotes.
What does each UL Solutions (ULS) Deferred Restricted Stock Unit represent for the director?
Each Deferred Restricted Stock Unit represents a contingent right to receive one share of UL Solutions’ Class A Common Stock. The units are not current shares but will be settled in stock once the vesting conditions described in the company’s plan are met.
When do Michael H. Thaman’s new UL Solutions (ULS) DRSUs vest?
The DRSUs, including the dividend equivalent rights, vest on the earlier of May 20, 2027, or the date of the annual meeting following the May 20, 2026 grant. Vesting timing is tied directly to that grant date and related board meeting schedule.
How will the UL Solutions (ULS) DRSUs reported by Michael H. Thaman be settled?
The DRSUs and accrued dividend equivalents will be settled in shares of UL Solutions’ Class A Common Stock. Settlement occurs on a date selected under the issuer’s plan by the reporting person or as otherwise provided in that plan’s terms.