Ecolab (ECL) director Michel Doukeris receives 130-share stock grant in Form 4 filing

Rhea-AI Filing Summary

ECOLAB INC. director Michel D. Doukeris reported an acquisition of company common stock as part of director compensation. He received a grant of 130.18 shares of common stock at a stated price of $0.00 per share, reflecting a non-cash award rather than an open-market purchase.

Following this grant, Doukeris directly holds 8,457.62 shares of Ecolab common stock. The position includes 1.18 shares acquired through a dividend reinvestment feature of the Ecolab Inc. 2001 Non-Employee Director Stock Option and Deferred Compensation Plan, indicating that a small portion of his holdings grows automatically as dividends are reinvested.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Doukeris Michel D

Role Director

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

Holdings After Transaction: Common Stock — 8,457.62 shares (Direct)

Footnotes (1)

1. [object Object]

Key Figures

Shares granted: 130.18 shares Grant price: $0.00 per share Post-transaction holdings: 8,457.62 shares +1 more

4 metrics

Shares granted 130.18 shares Common stock grant to Michel D. Doukeris on 2026-06-30

Grant price $0.00 per share Stated price for the stock award

Post-transaction holdings 8,457.62 shares Direct Ecolab common stock held after the grant

Dividend reinvestment shares 1.18 shares Acquired via dividend reinvestment under 2001 director plan

Key Terms

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

4 terms

dividend reinvestment financial

"Includes 1.18 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."

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

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.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 04:34 PM Accepted by SEC EDGAR 07/02/2026 - 04:33 PM Learn about SEC filing dates

FAQ

What insider transaction did Ecolab (ECL) director Michel Doukeris report?

Michel D. Doukeris reported receiving 130.18 Ecolab common shares as a grant. The award was recorded at $0.00 per share, indicating compensation rather than an open-market purchase. This filing documents the increase in his direct share ownership.

How many Ecolab (ECL) shares does Michel Doukeris hold after this Form 4?

After the reported grant, Michel D. Doukeris directly holds 8,457.62 Ecolab common shares. This total includes previously owned shares plus the 130.18-share award disclosed in the filing and a small amount obtained via dividend reinvestment.

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

The transaction was a compensation-related grant, not an open-market buy. The Form 4 uses transaction code “A” and describes a grant or award acquisition, with a stated price of $0.00 per share, indicating non-cash director compensation.

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

The footnote explains that 1.18 of the reported shares were acquired through a dividend reinvestment feature. Under Ecolab’s 2001 Non-Employee Director Stock Option and Deferred Compensation Plan, cash dividends are automatically reinvested into additional shares, modestly increasing holdings over time.

Does Michel Doukeris have any derivative securities reported in this Ecolab (ECL) filing?

This Form 4 does not report any derivative securities for Michel D. Doukeris. The filing lists only a non-derivative transaction in Ecolab common stock and shows an empty derivative holdings section, indicating no options or similar instruments in this report.

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^*

Doukeris Michel D

(Last) (First) (Middle)

C/O ECOLAB INC.

1 ECOLAB PLACE

(Street)

ST. PAUL MINNESOTA 55413

(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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/30/2026		A		130.18	A	$0	8,457.62(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 1.18 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 Michel D. Doukeris	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)