Ecolab (NYSE: ECL) discloses option grant and RSU vesting for EVP

Rhea-AI Filing Summary

Ecolab Inc. reported an equity compensation update for executive vice president of corporate strategy and business development Harpreet Saluja. On 12/03/2025, the executive received an employee stock option grant for 5,954 shares of common stock at an exercise price of $268.515 per share, which becomes exercisable in three annual installments starting 12/03/2026 and ending 12/03/2035.

On 12/04/2025, the first tranche of a prior grant of 3,993 restricted stock units from December 2024 vested, converting 1,331 units into common stock on a one-for-one basis. To cover minimum statutory tax obligations, 407.286 shares were withheld at a price of $263.385 per share, leaving 923.714 shares of common stock directly owned after the transaction.

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^*

Saluja Harpreet

(Last) (First) (Middle)

1 ECOLAB PLACE

(Street)

SAINT 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP - CORP STRAT & BUS DEV

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	12/04/2025		M		1,331	A	$0	1,331	D
Common Stock	12/04/2025		F(1)		407.286	D	$263.385	923.714	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
Employee Stock Option (Right to Buy)	$268.515	12/03/2025		A		5,954		12/03/2026(2)	12/03/2035	Common Stock	5,954	$0	5,954	D
Restricted Stock Units	(3)	12/04/2025		M			1,331	12/04/2025(3)	12/04/2027(3)	Common Stock	1,331	(3)	2,662	D

Explanation of Responses:

1. Reflects the reporting person's payment of minimum statutory tax obligations by withholding shares of Ecolab Common Stock incident to the vesting of restricted stock units in accordance with Rule 16b-3.

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.

3. Represents the first (out of three) vesting of units from an initial grant of 3,993 restricted stock units made on December 4, 2024. The vesting schedule for the original grant provided for the units to vest, subject to continued employment, as to one-third of the units (excluding any fractional portion less than one unit), on each of the first and second anniversaries of the date of grant and as to the remaining units on the third anniversary of the date of grant. Restricted stock units convert into common stock on a one-for-one basis.

	/s/ Youhao Dong, as Attorney-in-Fact for Harpreet Saluja	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).
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 transaction did Ecolab (ECL) report for Harpreet Saluja?

Ecolab reported that EVP Harpreet Saluja received an employee stock option grant for 5,954 shares of common stock on 12/03/2025 and had the first tranche of a prior restricted stock unit grant vest on 12/04/2025.

What are the terms of the new Ecolab (ECL) stock option grant?

The new employee stock option grant covers 5,954 shares of Ecolab common stock at an exercise price of $268.515 per share, becoming exercisable as to one-third of the shares on each of the first and second anniversaries of the 12/03/2025 grant date and the remaining shares on the third anniversary, with an expiration date of 12/03/2035.

How many restricted stock units vested for the Ecolab (ECL) executive?

On 12/04/2025, 1,331 restricted stock units from an original grant of 3,993 units made on 12/04/2024 vested, converting into the same number of Ecolab common shares on a one-for-one basis.

Why were Ecolab (ECL) shares withheld in this Form 4 filing?

The filing states that 407.286 shares of Ecolab common stock were withheld at $263.385 per share to satisfy the reporting person's minimum statutory tax obligations related to the vesting of restricted stock units.

How many Ecolab (ECL) shares does the reporting person own after these transactions?

Following the vesting and tax withholding transactions on 12/04/2025, the reporting person directly owns 923.714 shares of Ecolab common stock.

What is the vesting schedule for the Ecolab (ECL) restricted stock units?

The original grant of 3,993 restricted stock units from 12/04/2024 vests in three equal annual installments, each as to one-third of the units (excluding fractional portions), on the first, second, and third anniversaries of the grant date, subject to continued employment.