Ecolab (ECL) CEO Christophe Beck reports 64,954-share stock option grant

Rhea-AI Filing Summary

Ecolab Inc. Chairman & CEO Christophe Beck, who is also a director, reported equity holdings and a new stock option grant. As of the reported transactions, he directly beneficially owns 72,644.362 shares of Ecolab common stock and indirectly holds 1,680.35 units in the Ecolab Stock Fund of the Ecolab Savings Plan, equivalent to approximately 3,083 shares as of November 30, 2025.

On December 3, 2025, Beck received an employee stock option covering 64,954 shares of Ecolab common stock at an exercise price of $268.515 per share. The option becomes exercisable in stages: one-third of the option shares on each of the first and second anniversaries of the grant date and the remaining shares on the third anniversary, with the first exercisable date listed as December 3, 2026.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Beck Christophe

(Last) (First) (Middle)

1 ECOLAB PLACE

(Street)

ST. PAUL MN 55102

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ECOLAB INC. [ ECL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CHAIRMAN & CEO

3. Date of Earliest Transaction (Month/Day/Year)
12/03/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock								72,644.362	D
Common Stock								1,680.35(1)	I	By Ecolab Savings Plan

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (Right to Buy)	$268.515	12/03/2025		A		64,954		12/03/2026(2)	12/03/2035	Common Stock	64,954	$0	64,954	D

Explanation of Responses:

1. Number of UNITS in the Ecolab Stock Fund of the Ecolab Savings Plan (401(k) Plan) as of November 30, 2025. (The 1,680.350 UNITS are the equivalent of approximately 3,083 SHARES of the issuer's Common Stock.)

2. The option will be exercisable, on a cumulative basis, as to one-third of the option shares (excluding any fractional portion less than one share), on each of the first and second anniversaries of the date of grant and as to the remaining shares on the third anniversary of the date of grant. The date listed in the Date Exercisable column is the first anniversary of the date of grant.

	/s/ Youhao Dong, as Attorney-in-Fact for Christophe Beck	12/05/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transaction did Ecolab (ECL) report for Christophe Beck?

The filing reports that Christophe Beck, Ecolab's Chairman & CEO and a director, received an employee stock option on December 3, 2025 covering 64,954 shares of Ecolab common stock at an exercise price of $268.515 per share.

How and when do Christophe Beck's new Ecolab (ECL) stock options vest?

The option for 64,954 shares will be exercisable on a cumulative basis as to one-third of the shares on each of the first and second anniversaries of the December 3, 2025 grant date, and as to the remaining shares on the third anniversary. The first exercisable date shown is December 3, 2026.

What is Christophe Beck's direct Ecolab (ECL) share ownership after this filing?

After the reported transactions, Christophe Beck directly beneficially owns 72,644.362 shares of Ecolab common stock.

What indirect Ecolab (ECL) holdings does Christophe Beck report through the savings plan?

Beck reports 1,680.35 units in the Ecolab Stock Fund of the Ecolab Savings Plan (401(k) Plan) as of November 30, 2025, which is stated to be equivalent to approximately 3,083 shares of Ecolab common stock.

What roles does Christophe Beck hold at Ecolab (ECL)?

Christophe Beck is identified as both a director and an officer, serving as Chairman & CEO of Ecolab Inc.

Is the reported Ecolab (ECL) Form 4 filed for one or multiple reporting persons?

The Form 4 is indicated as being filed by one reporting person, referring to Christophe Beck.