UL Solutions (ULS) Proxy filing summary

Executive summary

• Achieved record financial performance in 2025, with revenue surpassing $3.1 billion, a 6.4% increase year over year, and operating income up 13% to $522 million, despite a $35 million restructuring charge.

• Continued investments in laboratory expansions, safety science, and high-growth sectors such as data centers, energy storage, and digital services.

• Maintained an investment-grade balance sheet and generated record net cash flows from operating activities of $600 million.

• Enhanced capabilities in electrification, connected technologies, and fire safety, reflecting a long-term focus on preparedness and impact.

Voting matters and shareholder proposals

• Stockholders will vote on: election of 12 directors, ratification of PricewaterhouseCoopers LLP as independent auditor for 2026, and an advisory vote on executive compensation.

• Board recommends voting FOR all proposals.

• Class A shares have one vote each; Class B shares have 10 votes each, voting as a single class.

Board of directors and corporate governance

• Board consists of 12 members, with four designated by UL Standards & Engagement under a Stockholder Agreement.

• Board diversity includes four women, two African American or Black, one Asian American, one LGBTQ+ member, and one military veteran.

• Board committees: Audit, Human Capital and Compensation (HCC), Nominating, and Finance, all meeting NYSE independence standards.

• Annual board and committee self-evaluations confirm effective operation.

• Controlled company status under NYSE rules, with UL Standards & Engagement holding 94.1% of voting power.