Ecolab (NYSE: ECL) director Reich receives 137.82-share stock award

Rhea-AI Filing Summary

Ecolab Inc. director Victoria Reich received a compensation-related stock award. On March 31, 2026, she acquired 137.82 shares of Ecolab common stock at no cost in a grant, rather than through an open-market purchase. Following this award, her direct holdings increased to 25,376.63 shares. A footnote explains that this total includes 63.12 shares previously acquired through a dividend reinvestment feature of the Ecolab Inc. 2001 Non-Employee Director Stock Option and Deferred Compensation Plan.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider REICH VICTORIA

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	137.82	$0.00	--

Holdings After Transaction: Common Stock — 25,376.63 shares (Direct)

Footnotes (1)

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Key Figures

Stock grant size: 137.82 shares Grant price: $0.0000 per share Direct holdings after grant: 25,376.63 shares +1 more

4 metrics

Stock grant size 137.82 shares Common Stock grant on March 31, 2026

Grant price $0.0000 per share Reported transaction price for the stock award

Direct holdings after grant 25,376.63 shares Total Ecolab common stock directly held after transaction

Dividend reinvestment shares 63.12 shares Acquired via dividend reinvestment under 2001 director plan

Key Terms

dividend reinvestment, Deferred Compensation Plan, Non-Employee Director, Grant, award, or other acquisition

4 terms

dividend reinvestment financial

"Includes 63.12 shares acquired pursuant to a dividend reinvestment feature"

Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.

Deferred Compensation Plan financial

"Ecolab Inc. 2001 Non-Employee Director Stock Option and Deferred Compensation Plan"

A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.

Non-Employee Director financial

"Ecolab Inc. 2001 Non-Employee Director Stock Option and Deferred Compensation Plan"

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

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 MINNESOTA 55102

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

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

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

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

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	03/31/2026		A		137.82	A	$0	25,376.63(1)	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

Explanation of Responses:

1. Includes 63.12 shares acquired pursuant to a dividend reinvestment feature of the Ecolab Inc. 2001 Non-Employee Director Stock Option and Deferred Compensation Plan.

	/s/ Corinne Lawson, as Attorney-in-Fact for Victoria J. Reich	04/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did Ecolab (ECL) director Victoria Reich report on this Form 4?

Victoria Reich reported receiving a grant of Ecolab common stock. On March 31, 2026, she acquired 137.82 shares at no cost as a grant or award, increasing her directly held Ecolab shares reported in this filing.

How many Ecolab (ECL) shares does Victoria Reich hold after this transaction?

After the March 31, 2026 grant, Victoria Reich directly holds 25,376.63 Ecolab common shares. This reported total includes shares received through both the new stock award and earlier dividend reinvestment activity under a company director plan.

Was Victoria Reich’s Ecolab (ECL) Form 4 transaction an open-market stock purchase?

No. The Form 4 characterizes the transaction as a grant, award, or other acquisition. The 137.82 Ecolab common shares were acquired at a price of $0.0000 per share, indicating a compensation-related award rather than an open-market purchase.

What does the dividend reinvestment footnote mean in this Ecolab (ECL) Form 4?

The footnote states that 63.12 of the reported shares were acquired through a dividend reinvestment feature. These came from the Ecolab Inc. 2001 Non-Employee Director Stock Option and Deferred Compensation Plan, and are included in Victoria Reich’s total direct holdings.

How is the Ecolab (ECL) Form 4 transaction coded and what does it signify?

The transaction is coded “A” for a grant, award, or other acquisition. This indicates Victoria Reich received 137.82 Ecolab common shares as a stock award, classified as an acquisition rather than a sale or open-market purchase of shares.