Jennifer F. Scanlon - 12 Apr 2024 Form 3 Insider Report for UL Solutions Inc. (ULS)

Role
President and CEO, Director
Signature
/s/ Ryan Robinson, Attorney-in-Fact for Jennifer Scanlon
Issuer symbol
ULS
Transactions as of
12 Apr 2024
Net transactions value
$0
Form type
3
Filing time
12 Apr 2024, 16:33:50 UTC
Previous filing
22 Feb 2024
Next filing
18 Apr 2024
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding ULS Stock Appreciation Right 12 Apr 2024 Class A Common Stock 131,212 $13.15 Direct F1
holding ULS Stock Appreciation Right 12 Apr 2024 Class A Common Stock 145,130 $13.15 Direct F1
holding ULS Stock Appreciation Right 12 Apr 2024 Class A Common Stock 133,112 $30.06 Direct F1
holding ULS Stock Appreciation Right 12 Apr 2024 Class A Common Stock 42,974 $26.07 Direct F1
holding ULS Stock Appreciation Right 12 Apr 2024 Class A Common Stock 148,396 $28.34 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The stock appreciation rights currently can only be settled in cash in an amount equal to the difference between the exercise price and the value of the Issuer's Common Stock at the time of exercise. In connection with the closing of the Issuer's initial public offering, the cash-settled stock appreciation rights will be converted to stock appreciation rights that will be settled in shares of the Issuer's Class A Common Stock. There will be no adjustment to the number or exercise price of the stock appreciation rights in connection with the conversion.

Remarks:

Exhibit 24 - Power of Attorney.