Ecolab (ECL) director Nowell reports 130-share stock grant, holding 6,773 shares

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Ecolab Inc. director Lionel L. Nowell III reported a grant of 130.18 shares of Common Stock. The award was recorded at a price of $0.00 per share, indicating a compensation-related share grant rather than an open-market purchase.

After this transaction, he directly owns 6,773.07 Ecolab shares. The holdings figure includes 17.51 shares acquired through a dividend reinvestment feature of the Ecolab Inc. 2001 Non-Employee Director Stock Option and Deferred Compensation Plan, reflecting ongoing reinvestment of dividends into additional stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider NOWELL LIONEL L III

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	130.18	$0.00	--

Holdings After Transaction: Common Stock — 6,773.07 shares (Direct, null)

Footnotes (1)

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Key Figures

Stock grant: 130.18 shares Shares owned after transaction: 6,773.07 shares Dividend reinvestment shares: 17.51 shares +1 more

4 metrics

Stock grant 130.18 shares Common Stock award to director on 2026-06-30

Shares owned after transaction 6,773.07 shares Direct Ecolab holdings following the grant

Dividend reinvestment shares 17.51 shares Accumulated via dividend reinvestment feature of director plan

Transaction price per share $0.00 per share Indicates compensation-related grant, not market purchase

Key Terms

dividend reinvestment, Non-Employee Director Stock Option and Deferred Compensation Plan, Common Stock, Grant, award, or other acquisition

4 terms

dividend reinvestment financial

"Includes 17.51 shares acquired pursuant to a dividend reinvestment feature of the Ecolab Inc. 2001 Non-Employee Director Stock Option and Deferred Compensation Plan."

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.

Non-Employee Director Stock Option and Deferred Compensation Plan financial

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

Common Stock financial

"security_title: "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 04:46 PM Accepted by SEC EDGAR 07/02/2026 - 04:45 PM

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^*

NOWELL LIONEL L III

(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)
06/30/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/30/2026		A		130.18	A	$0	6,773.07⁽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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Includes 17.51 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 Lionel L. Nowell, III	07/02/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Ecolab (ECL) director Lionel L. Nowell III report on this Form 4?

He reported receiving a stock grant of 130.18 Ecolab common shares. The award was recorded at $0.00 per share, reflecting a compensation-related grant rather than a market trade, and increased his directly held position to 6,773.07 shares.

How many Ecolab (ECL) shares does Lionel L. Nowell III own after this transaction?

After the transaction, he directly owns 6,773.07 Ecolab shares. This total includes shares he already held plus the 130.18-share award and 17.51 shares accumulated through a dividend reinvestment feature under a company director plan.

Was the Ecolab (ECL) Form 4 transaction an open-market buy or a grant?

The filing shows a grant or award of 130.18 shares, not an open-market purchase. The transaction is coded as an acquisition type “A” with a $0.00 price per share, indicating a compensation-related stock award to the non-employee director.

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

The footnote explains that 17.51 shares came from a dividend reinvestment feature. Under Ecolab’s 2001 Non-Employee Director Stock Option and Deferred Compensation Plan, dividends are reinvested in additional shares, slightly increasing the director’s holdings over time.

Does Lionel L. Nowell III’s Ecolab (ECL) Form 4 show any stock sales?

No sales are reported; the filing only shows an acquisition. The transaction summary lists one acquisition transaction and zero sales, gifts, tax withholdings, or derivative exercises, indicating this Form 4 reflects a single stock award to the director.