UL Solutions (NYSE: ULS) CEO exercises 21,413 RSUs, with 9,486 shares withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
UL Solutions Inc. President and CEO Jennifer F. Scanlon reported routine equity compensation activity involving Class A Common Stock and restricted stock units. On May 1, 2026, she exercised 21,413 restricted stock units, converting them into an equal number of Class A shares.
To cover tax obligations, 9,486 Class A shares were disposed of as a tax-withholding disposition, rather than an open-market sale. After these transactions, Scanlon held 200,201 Class A shares directly and 89,285 Class A shares indirectly through a family trust, along with 21,422 restricted stock units that continue to vest over time.
Positive
- None.
Negative
- None.
Insider Trade Summary
21,413 shares exercised/converted
Mixed
4 txns
Insider
Scanlon Jennifer F.
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 21,413 | $0.00 | -- |
| Exercise | Class A Common Stock | 21,413 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 9,486 | $91.60 | $869K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 21,422 shares (Direct, null);
Class A Common Stock — 209,687 shares (Direct, null);
Class A Common Stock — 89,285 shares (Indirect, By Family Trust)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock. The restricted stock units 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.
Key Figures
RSUs exercised: 21,413 units
Shares withheld for tax: 9,486 shares
Direct Class A holdings: 200,201 shares
+3 more
6 metrics
RSUs exercised
21,413 units
Restricted stock units converted to Class A Common Stock on May 1, 2026
Shares withheld for tax
9,486 shares
Class A Common Stock used for tax-withholding disposition
Direct Class A holdings
200,201 shares
Shares of Class A Common Stock held directly after transactions
Indirect Class A holdings
89,285 shares
Class A Common Stock held indirectly by family trust after transactions
Remaining RSUs
21,422 units
Restricted stock units and related dividend equivalent rights outstanding
Tax withholding price
$91.60 per share
Price per share for 9,486 Class A shares used to satisfy tax liability
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative security, dividend equivalent rights, +1 more
5 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of the Issuer's 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.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
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
"Exercise or conversion of 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.
dividend equivalent rights financial
"Includes restricted stock units and all dividend equivalent rights that have accrued on such restricted stock units to date."
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.
indirect ownership financial
"Class A Common Stock, ... ownership_type: indirect, nature_of_ownership: By Family Trust"
