Ecolab (NYSE: ECL) director Reich exercises stock options and sells 1,000 shares

Rhea-AI Filing Summary

Ecolab Inc. director Victoria Reich reported stock transactions involving company shares. On February 13, 2026, she exercised a Non-Employee Stock Option for 1,000 shares of Common Stock at an exercise price of $115.075 per share. The option covered Ecolab Common Stock and became exercisable in four three‑month installments following its original grant.

On the same day, she also reported an open-market sale of 1,000 shares of Common Stock at a price of $301.08 per share. After these transactions, she directly owned 25,175.69 shares of Ecolab Common Stock, while the exercised option position was reduced to zero.

Insider Trade Summary

Net Seller: 1,000 shares ($301,080)

Net Sell 3 txns

Insider REICH VICTORIA

Role Director

Sold 1,000 shs ($301K)

Type	Security	Shares	Price	Value
Exercise	Non-Employee Stock Option (Right to Buy)	1,000	$0.00	--
Exercise	Common Stock	1,000	$115.075	$115K
Sale	Common Stock	1,000	$301.08	$301K

Holdings After Transaction: Non-Employee Stock Option (Right to Buy) — 0 shares (Direct); Common Stock — 26,175.69 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

REICH VICTORIA

(Last) (First) (Middle)

C/O ECOLAB INC.

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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/13/2026

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	02/13/2026		M		1,000	A	$115.075	26,175.69	D
Common Stock	02/13/2026		S		1,000	D	$301.08	25,175.69	D

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
Non-Employee Stock Option (Right to Buy)	$115.075	02/13/2026		M			1,000	08/05/2016(1)	05/05/2026	Common Stock	1,300	$0	0	D

Explanation of Responses:

1. The option became exercisable, on a cumulative basis, as to 25% of the option shares (excluding any fractional portion less than one share), on the last day of each of the first, second and third three-month periods following its date of grant and as to the remaining shares on the last day of the fourth three-month period following its date of grant; provided, however, that if a Change in Control of the Company (as that term is defined in the Ecolab Inc. 2001 Non-Employee Director Stock Option and Deferred Compensation Plan) will occur, then the option will become immediately exercisable in full.

	/s/ Corinne Lawson, as Attorney-in-Fact for Victoria J. Reich	02/17/2026
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did Ecolab (ECL) director Victoria Reich report?

Victoria Reich reported exercising options for 1,000 Ecolab common shares and selling 1,000 shares. The exercise used a Non-Employee Stock Option, followed by an open-market sale on the same date, adjusting her directly held share balance.

At what prices did Victoria Reich exercise and sell Ecolab (ECL) shares?

She exercised stock options at an exercise price of $115.075 per Ecolab share and sold 1,000 common shares at $301.08 per share. These prices reflect the option’s fixed exercise term and the separate open-market sale price.

How many Ecolab (ECL) shares does Victoria Reich own after the reported transactions?

After the reported transactions, Victoria Reich directly owns 25,175.69 shares of Ecolab common stock. This balance reflects both the 1,000 shares acquired through option exercise and the 1,000 shares sold in the open market on February 13, 2026.

What derivative security did Victoria Reich exercise in the Ecolab (ECL) Form 4?

She exercised a Non-Employee Stock Option (Right to Buy) covering Ecolab common stock. The option carried a $115.075 exercise price per share and became fully exercisable in four quarterly installments following its grant, before being reduced to zero in this filing.

What was the vesting schedule for Victoria Reich’s Ecolab (ECL) stock option?

The stock option became exercisable as to 25% of the option shares on the last day of each of the first three three-month periods after grant, with the remaining shares vesting on the last day of the fourth three-month period, subject to change-in-control acceleration.

Does the Ecolab (ECL) Form 4 mention any change-in-control effect on the option?

Yes. The footnote states that if a Change in Control of Ecolab, as defined in the 2001 Non-Employee Director Stock Option and Deferred Compensation Plan, occurs, the option becomes immediately exercisable in full, accelerating vesting of any remaining unvested option shares.