Dividend-linked RSU accruals granted to UL Solutions (ULS) officer
Rhea-AI Filing Summary
Hancock Lynn H reported acquisition or exercise transactions in this Form 4 filing.
UL Solutions Inc. reported that officer Lynn H. Hancock received three small grants of restricted stock units on Class A common stock. These awards reflect dividend equivalent rights accruing on previously granted RSUs, adding 4, 3 and 4 units at a price of $0 per unit.
Each RSU represents a right to receive one share of Class A stock. The related RSU grants vest in three equal installments on the first, second and third anniversaries of May 1, 2024, January 1, 2025 and April 1, 2025, respectively. After these accruals, affected grants show updated balances of 2,597, 2,026 and 2,319 RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 4 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 3 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 4 | $0.00 | -- |
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock. Represents accrual of dividend equivalent rights on restricted stock units held by the Reporting Person. The dividend equivalent rights accrued on restricted stock units held by the Reporting Person and vest proportionately with the restricted stock units to which they relate. The restricted stock units vested or will vest in three equal installments on the first, second and third anniversaries of May 1, 2024. Includes restricted stock units and all dividend equivalent rights that have accrued on such restricted stock units to date. The dividend equivalent rights accrued on restricted stock units held by the Reporting Person and vest proportionately with the restricted stock units to which they relate. The restricted stock units vested or will vest in three equal installments on the first, second and third anniversaries of January 1, 2025. The dividend equivalent rights accrued on restricted stock units held by the Reporting Person and vest proportionately with the restricted stock units to which they relate. The restricted stock units will vest in three equal installments on the first, second and third anniversaries of April 1, 2025.
FAQ
What insider transaction did UL Solutions (ULS) report for Lynn H. Hancock?
How many restricted stock units did Lynn H. Hancock acquire in this UL Solutions Form 4?
What are dividend equivalent rights on UL Solutions (ULS) restricted stock units?
When do Lynn H. Hancock’s UL Solutions restricted stock units vest?
How many UL Solutions RSUs does each affected grant now show for Lynn H. Hancock?