UL Solutions (ULS) director receives additional deferred stock unit awards

Rhea-AI Filing Summary

UL Solutions Inc. director Elisabeth Torstad reported compensation-related equity awards, not open‑market trades. She acquired 8 and 4 deferred restricted stock units as dividend-equivalent rights tied to existing deferred stock awards. Each unit represents one share of Class A common stock, to be settled in shares under the company’s non-employee director deferred compensation plan as the underlying awards vest on May 1, 2025 and on the earlier of May 20, 2026 or the next annual meeting.

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

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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^*

Torstad Elisabeth

(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)
03/12/2026

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 Restricted Stock Units	(1)	03/12/2026		A		8(2)		(3)	(3)	Class A Common Stock	8	$0	4,962(4)	D
Deferred Restricted Stock Units	(1)	03/12/2026		A		4(2)		(5)	(5)	Class A Common Stock	4	$0	2,805(4)	D

Explanation of Responses:

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

2. Represents accrual of dividend equivalent rights on deferred restricted stock units held by the Reporting Person.

3. The dividend equivalent rights accrued on deferred restricted stock units held by the Reporting Person and vest proportionately with the deferred restricted stock units to which they relate. The deferred restricted stock units vested on May 1, 2025 and are expected to 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.

4. Includes deferred restricted stock units and all dividend equivalent rights that have accrued on such deferred restricted stock units to date.

5. The dividend equivalent rights accrued on deferred restricted stock units held by the Reporting Person and vest proportionately with the deferred restricted stock units to which they relate. The deferred restricted stock units will vest on the earlier of May 20, 2026 or the date of the annual meeting following the grant date and are expected to 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.

	/s/ Ryan Robinson, Attorney-in-Fact	03/16/2026
	** 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).
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FAQ

What insider transactions did UL Solutions (ULS) report for Elisabeth Torstad?

UL Solutions director Elisabeth Torstad reported two compensation-related acquisitions of deferred restricted stock units. These were small grants linked to existing awards, not open-market stock purchases or sales, and will ultimately settle in Class A common shares.

How many deferred restricted stock units did Elisabeth Torstad receive at UL Solutions (ULS)?

Elisabeth Torstad received 8 and 4 deferred restricted stock units as dividend-equivalent rights. Each unit corresponds to one share of Class A common stock and is attached to existing deferred restricted stock unit awards she already holds.

What do UL Solutions (ULS) deferred restricted stock units represent for directors?

Each UL Solutions deferred restricted stock unit represents a contingent right to receive one share of the company’s Class A common stock. These units are typically settled in stock instead of cash and are part of non-employee director compensation.

When do Elisabeth Torstad’s UL Solutions (ULS) deferred units vest and settle?

Some of Torstad’s deferred units vested on May 1, 2025, while others vest on the earlier of May 20, 2026 or the next annual meeting. After vesting, they are expected to be settled in Class A shares under the director deferred compensation plan.

Are Elisabeth Torstad’s UL Solutions (ULS) Form 4 transactions open-market trades?

No. The reported Form 4 transactions are grants of dividend-equivalent rights on deferred restricted stock units, not open-market stock purchases or sales. They arise automatically from dividends on existing equity awards granted to her as a director.

How are dividend-equivalent rights handled in UL Solutions (ULS) director awards?

Dividend-equivalent rights on UL Solutions deferred restricted stock units accrue as additional units and vest proportionately with the related awards. Once vested, these accrued units are expected to be settled in shares of Class A common stock under the company’s director plan.