Lynn Hancock - Apr 12, 2024 Form 3 Insider Report for UL Solutions Inc. (ULS)

Role
Exhibit 24 - Power of Attorney. Executive Vice President & Chief Transformation Officer
Signature
/s/ Ryan Robinson, Attorney-in-Fact for Lynn Hancock
Stock symbol
ULS
Transactions as of
Apr 12, 2024
Transactions value $
$0
Form type
3
Date filed
4/12/2024, 04:35 PM
Next filing
Apr 18, 2024

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 Apr 12, 2024 Class A Common Stock 5.96K $13.15 Direct F1
holding ULS Stock Appreciation Right Apr 12, 2024 Class A Common Stock 9.94K $13.15 Direct F1
holding ULS Stock Appreciation Right Apr 12, 2024 Class A Common Stock 10.6K $30.06 Direct F1
holding ULS Stock Appreciation Right Apr 12, 2024 Class A Common Stock 12.8K $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. Executive Vice President & Chief Transformation Officer