Dividend-linked RSU accruals granted to UL Solutions (ULS) officer
Filing Impact
Filing Sentiment
Form Type
4
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
3 transactions reported
Mixed
3 txns
Insider
Hancock Lynn H
Role
See Remarks
| 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 | -- |
Holdings After Transaction:
Restricted Stock Units — 2,597 shares (Direct)
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?
UL Solutions reported that officer Lynn H. Hancock received three small restricted stock unit (RSU) accruals tied to existing awards. These RSUs reflect dividend equivalent rights credited at $0 per unit, increasing the number of shares she may receive upon vesting.
How many restricted stock units did Lynn H. Hancock acquire in this UL Solutions Form 4?
Lynn H. Hancock was credited with 4, 3 and 4 additional restricted stock units on separate awards. Each RSU corresponds to one share of Class A common stock, increasing the size of her existing equity-based compensation grants at no purchase cost.
What are dividend equivalent rights on UL Solutions (ULS) restricted stock units?
Dividend equivalent rights give RSU holders credits similar to cash dividends, paid in additional RSUs instead of cash. For Lynn Hancock, these rights accrued on outstanding RSUs and vest proportionately with the underlying awards, effectively growing her potential share count over time.
When do Lynn H. Hancock’s UL Solutions restricted stock units vest?
The RSUs linked to these accruals vest in three equal installments on the first, second and third anniversaries of May 1, 2024, January 1, 2025 and April 1, 2025. The associated dividend equivalent rights vest on the same schedule as their underlying RSUs.
How many UL Solutions RSUs does each affected grant now show for Lynn H. Hancock?
After the latest dividend equivalent accruals, the affected RSU grants for Lynn H. Hancock show updated balances of 2,597, 2,026 and 2,319 units. These figures include both the original RSUs and all dividend equivalent rights accrued to date for each related award.