CEO Jennifer Scanlon granted special one-time PSU award worth up to $20M

UL Solutions Inc.

Grant of 200,120 PSUs with target value of $20M, determined by closing price on June 1, 2026.
Service vesting: 30% on 3rd anniversary, 30% on 4th, 40% on 5th; no retirement vesting.
Stock price metric: earned only if average price reaches $135.81 (50% payout) to $181.08 (100% payout).
Relative TSR alternative: at or above 55th percentile of S&P 500 yields 60% payout (including stock price metric).
Award replaces incremental annual LTI; performance period runs through June 1, 2031.

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