ULS Form 4: 203 Deferred Units Granted to Director, Fully Vested

Rhea-AI Filing Summary

UL Solutions Inc. (ULS) director Shannon James M reported the acquisition of 203 deferred stock units on 10/03/2025. Each deferred stock unit converts into one share of the company’s Class A Common Stock and the units are fully vested. The filing shows these units were granted at a price of $0 and will be settled in shares either on a date chosen by the director under the Non-Employee Director Deferred Compensation Plan or as otherwise provided by that plan. After this transaction the reporting person beneficially owns 1,443 shares of Class A Common Stock, held directly.

Positive

• 203 deferred stock units were acquired and are fully vested, increasing director alignment with shareholders
• Units convert 1-for-1 into Class A Common Stock and will be settled in shares per the director compensation plan

Negative

• None.

Insights

Corporate Governance Expert

Director compensation converted to equity, modestly increasing ownership.

The director received $0 deferred stock units that represent 203 shares and are fully vested, aligning remuneration with share ownership rather than cash. This form indicates standard non-employee director equity compensation rather than an open-market purchase or sale.

The holding increase to 1,443 shares is small in absolute terms and appears routine under the Non-Employee Director Deferred Compensation Plan; monitor any future settlements timing under the plan for potential share issuance timing effects within the next compensation cycle.

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

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

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^*

Shannon James M

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
10/03/2025

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

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
Deferred Stock Units	(1)	10/03/2025		A		203		(2)	(2)	Class A Common Stock	203	$0	1,443	D

Explanation of Responses:

1. Each deferred stock unit represents the right to receive one share of the Issuer's Class A Common Stock.

2. The deferred stock units are fully vested 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 Non-Employee Director Deferred Compensation Plan (the "Plan"), or (ii) as otherwise provided by the Plan.

	/s/ Ryan Robinson, Attorney-in-Fact	10/06/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Shannon James M report on the Form 4 for ULS?

The director reported acquiring 203 deferred stock units on 10/03/2025, which are fully vested and convertible into Class A Common Stock.

How many shares does the reporting person beneficially own after this transaction?

The filing shows 1,443 shares of Class A Common Stock beneficially owned following the reported transaction.

When will the deferred stock units be settled into shares?

The units will be settled in shares either on a date selected by the reporting person under the Non-Employee Director Deferred Compensation Plan or as otherwise provided by the plan; no specific settlement date was disclosed.

What price was paid for the deferred stock units reported on the Form 4?

The deferred stock units were reported with a price of $0, consistent with deferred compensation awards that settle in shares.

Does the Form 4 indicate any sales or dispositions by the director?

No; the Form 4 reports an acquisition of deferred stock units and does not show any dispositions.