UL Solutions exec granted 3 dividend stock units

Senior VP & CAO Karen K. Pepping received three small RSU dividend-equivalent accruals tied to prior awards, reflecting routine equity compensation at UL Solutions Inc.

Rhea-AI Filing Summary

UL Solutions Inc. (ULS) reported that Senior VP & CAO Karen K. Pepping acquired additional restricted stock units (RSUs) on September 10, 2026 through three separate grant or award transactions. Each RSU represents a contingent right to receive one share of Class A Common Stock and reflects dividend equivalent rights accruing on RSUs she already holds, which will vest proportionately on the same multi-year schedules as the underlying RSUs granted in 2024, 2025, and 2026. No Rule 10b5-1 trading plan is reported for these awards.

Insider Trade Summary

Grant/Award: 3 shares

Grant/Award 3 txns

Insider PEPPING KAREN K

Role Senior VP & CAO

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units F1, F2, F3, F4	1	$0.00	$0.00
Grant/Award	Restricted Stock Units F1, F2, F5, F4	1	$0.00	$0.00
Grant/Award	Restricted Stock Units F1, F2, F6, F4	1	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 2,538 contracts (Direct)

Footnotes (6)

1. F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.
2. F2. Represents accrual of dividend equivalent rights on RSUs held by the Reporting Person.
3. F3. The dividend equivalent rights accrued on RSUs held by the Reporting Person and vest proportionately with the RSUs to which they relate. The RSUs vest in three equal installments on the first, second and third anniversaries of May 1, 2024.
4. F4. Includes RSUs and all dividend equivalent rights that have accrued on such RSUs to date.
5. F5. The dividend equivalent rights accrued on RSUs held by the Reporting Person and vest proportionately with the RSUs to which they relate. The RSUs vest in three equal installments on the first, second and third anniversaries of April 1, 2025.
6. F6. The dividend equivalent rights accrued on RSUs held by the Reporting Person and vest proportionately with the RSUs to which they relate. The RSUs vest in three equal installments on the first, second and third anniversaries of April 1, 2026.

Key Figures

Derivative transactions: 3 transactions RSUs per transaction: 1 RSU Underlying share per RSU: 1 share of Class A Common Stock

3 metrics

Derivative transactions 3 transactions Number of RSU-related derivative transactions reported for September 10, 2026

RSUs per transaction 1 RSU Each of the three grant or award acquisitions on September 10, 2026

Underlying share per RSU 1 share of Class A Common Stock Each RSU gives a contingent right to one underlying share

Key Terms

Restricted Stock Units, dividend equivalent rights, Class A Common Stock

3 terms

Restricted Stock Units financial

"Each restricted stock unit ("RSU") represents a contingent right"

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

"Represents accrual of dividend equivalent rights on RSUs held"

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.

Class A Common Stock financial

"receive one share of the Issuer's Class A Common Stock"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did UL Solutions Inc. (ULS) report for Karen K. Pepping?

The company reported three grant or award acquisitions of restricted stock units for Senior VP & CAO Karen K. Pepping on September 10, 2026, each representing dividend equivalent rights on RSUs she already holds.

How many RSU-related transactions were reported in this UL Solutions Inc. (ULS) Form 4?

The filing shows 3 derivative transactions, all classified as acquisitions of restricted stock units tied to dividend equivalent rights on existing RSU awards held by Karen K. Pepping.

What does each RSU represent in this UL Solutions Inc. (ULS) filing?

Each restricted stock unit in this filing represents a contingent right to receive one share of UL Solutions Inc. Class A Common Stock, subject to the applicable vesting schedule of the underlying RSU award.

What are the dividend equivalent rights mentioned in the UL Solutions Inc. (ULS) Form 4?

The transactions represent dividend equivalent rights that accrued on RSUs held by Karen K. Pepping. These rights vest proportionately with the corresponding RSUs rather than immediately.

When do the RSUs linked to these dividend equivalent rights vest at UL Solutions Inc. (ULS)?

The related RSUs vest in three equal installments on the first, second and third anniversaries of May 1, 2024, April 1, 2025 and April 1, 2026, depending on which prior RSU grant each dividend equivalent right relates to.

Were these UL Solutions Inc. (ULS) insider transactions under a Rule 10b5-1 plan?

No. The filing’s Rule 10b5-1 checkbox is not marked as affirmative, and there is no indication that these RSU-related acquisitions were made under a Rule 10b5-1 trading plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/14/2026 - 05:32 PM Accepted by SEC EDGAR 09/14/2026 - 05:32 PM Learn about SEC filing dates

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
Estimated average burden
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^*

PEPPING KAREN K

(Last) (First) (Middle)

C/O UL SOLUTIONS INC.

333 PFINGSTEN ROAD

(Street)

NORTHBROOK ILLINOIS 60062

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
UL Solutions Inc. [ ULS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Senior VP & CAO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/10/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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
Restricted Stock Units	(1)	09/10/2026		A		1(2)		(3)	(3)	Class A Common Stock	1	$0	737(4)	D
Restricted Stock Units	(1)	09/10/2026		A		1(2)		(5)	(5)	Class A Common Stock	1	$0	873(4)	D
Restricted Stock Units	(1)	09/10/2026		A		1(2)		(6)	(6)	Class A Common Stock	1	$0	928(4)	D

Explanation of Responses:

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

2. Represents accrual of dividend equivalent rights on RSUs held by the Reporting Person.

3. The dividend equivalent rights accrued on RSUs held by the Reporting Person and vest proportionately with the RSUs to which they relate. The RSUs vest in three equal installments on the first, second and third anniversaries of May 1, 2024.

4. Includes RSUs and all dividend equivalent rights that have accrued on such RSUs to date.

5. The dividend equivalent rights accrued on RSUs held by the Reporting Person and vest proportionately with the RSUs to which they relate. The RSUs vest in three equal installments on the first, second and third anniversaries of April 1, 2025.

6. The dividend equivalent rights accrued on RSUs held by the Reporting Person and vest proportionately with the RSUs to which they relate. The RSUs vest in three equal installments on the first, second and third anniversaries of April 1, 2026.

	/s/ Ryan Robinson, Attorney-in-Fact	09/14/2026
	** 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).
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.
* Form 4: SEC 1474 (03-26)