UL Solutions officer exercises RSUs, withholds shares
UL Solutions Inc. officer John A. Genovesi reported routine equity compensation activity.
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Form Type
4
Rhea-AI Filing Summary
UL Solutions Inc. officer John A. Genovesi reported routine equity compensation activity. On May 1, 2026, he exercised restricted stock units to acquire 1,943 shares of Class A Common Stock, and 765 shares were disposed of to cover tax obligations. After these non‑open‑market transactions, he holds 30,935 Class A shares directly and 1,950 restricted stock units, including accrued dividend equivalents.
Insider Trade Summary
1,943 shares exercised/converted
Exercise
3 txns
Insider
Genovesi John A
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,943 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 1,943 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 765 | $91.60 | $70K |
Holdings After Transaction:
Restricted Stock Units — 1,950 contracts (Direct);
Class A Common Stock — 30,935 shares (Direct)
Footnotes (3)
- F1. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- F2. The restricted stock units vest in three equal installments on the first, second and third anniversaries of May 1, 2024.
- F3. Includes restricted stock units and all dividend equivalent rights that have accrued on such restricted stock units to date.
Key Figures
Tax-withheld shares: 765 shares
Tax-withholding price: $91.60/share
Shares from RSU vesting: 1,943 shares
+2 more
5 metrics
Tax-withheld shares
765 shares
Shares disposed of for tax obligations on May 1, 2026
Tax-withholding price
$91.60/share
Value used for 765-share tax-withholding disposition
Shares from RSU vesting
1,943 shares
Class A Common Stock acquired via RSU conversion
Post-transaction common shares
30,935 shares
Direct Class A Common Stock holdings after transactions
Post-transaction RSUs
1,950 RSUs
Restricted stock units including dividend equivalents
Key Terms
Restricted Stock Units, dividend equivalent rights, tax-withholding disposition, derivative security
4 terms
Restricted Stock Units financial
"The security titled "Restricted Stock Units" was converted into Class A Common Stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
dividend equivalent rights financial
"Includes restricted stock units and all dividend equivalent rights that have accrued."
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.
tax-withholding disposition financial
"765 shares were a tax-withholding disposition to satisfy tax liability."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative security financial
"The Form 4 describes an exercise or conversion of a derivative security."
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did UL Solutions (ULS) officer John Genovesi report in this Form 4?
John A. Genovesi reported routine equity compensation activity. He acquired Class A Common Stock through the vesting and conversion of 1,943 restricted stock units and had 765 shares withheld to satisfy tax obligations, rather than executing any open-market stock purchases or sales.
What are John Genovesi’s UL Solutions (ULS) holdings after these transactions?
Following the reported transactions, John A. Genovesi directly holds 30,935 shares of UL Solutions Class A Common Stock and 1,950 restricted stock units. The restricted stock unit balance includes associated dividend equivalent rights that have accrued on the units as of the reporting date.
Were John Genovesi’s UL Solutions (ULS) transactions open-market trades?
No, the transactions were not open-market trades. They involved the conversion of restricted stock units into Class A shares and a tax-withholding disposition, where 765 shares were surrendered to cover tax liabilities instead of being sold on the open market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
