Ecolab (NYSE: ECL) director Shari Ballard receives new stock awards

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Ecolab Inc. director Shari L. Ballard reported acquiring additional common stock through compensation-related grants. On March 31, 2026, she received two awards of Ecolab common stock, one for 137.8200 shares at a stated price of $0.0000 per share and another for 137.8100 shares at $263.0300 per share. After these transactions, she directly holds 9,400.1100 shares of Ecolab common stock. A footnote notes that this total includes 23.24 shares acquired via a dividend reinvestment feature of the Ecolab Inc. 2001 Non-Employee Director Stock Option and Deferred Compensation Plan.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Ballard Shari L

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	137.82	$0.00	--
Grant/Award	Common Stock	137.81	$263.03	$36K

Holdings After Transaction: Common Stock — 9,262.3 shares (Direct)

Footnotes (1)

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Key Figures

Stock grant 1: 137.8200 shares Stock grant 2: 137.8100 shares Post-transaction holdings: 9,400.1100 shares +1 more

4 metrics

Stock grant 1 137.8200 shares Common stock award on 2026-03-31 at $0.0000 per share

Stock grant 2 137.8100 shares Common stock award on 2026-03-31 at $263.0300 per share

Post-transaction holdings 9,400.1100 shares Direct Ecolab common stock owned after latest grant

Dividend reinvestment shares 23.24 shares Acquired via dividend reinvestment under 2001 director plan

Key Terms

Form 4, dividend reinvestment, Non-Employee Director, Deferred Compensation Plan

4 terms

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

dividend reinvestment financial

"Includes 23.24 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.

Non-Employee Director financial

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

Deferred Compensation Plan financial

"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.

Form 4 Insider Transactions: What Each Field Means →

04/02/2026 - 04:51 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^*

Ballard Shari L

(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)
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	03/31/2026		A		137.82	A	$0	9,262.3⁽¹⁾	D
Common Stock	03/31/2026		A		137.81	A	$263.03	9,400.11	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 23.24 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 Shari L. Ballard	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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider activity did Ecolab (ECL) director Shari L. Ballard report?

Shari L. Ballard reported acquiring Ecolab common stock through two compensation-related grants on March 31, 2026. These awards increased her direct holdings and were reported on Form 4 as grant or award acquisitions rather than open-market purchases or sales.

How many Ecolab (ECL) shares did Shari L. Ballard acquire in the latest Form 4?

She received two grants totaling 137.8200 shares and 137.8100 shares of Ecolab common stock. Both transactions are coded as awards, reflecting stock-based compensation rather than market trading, and they modestly increase her overall equity position in the company.

What prices were reported for Shari L. Ballard’s Ecolab (ECL) stock grants?

One grant of 137.8200 shares carried a reported price of $0.0000 per share, indicating a non-cash award. The second grant of 137.8100 shares used a reference price of $263.0300 per share as disclosed in the Form 4 transaction details.

How many Ecolab (ECL) shares does Shari L. Ballard own after these transactions?

Following the March 31, 2026 awards, Shari L. Ballard directly holds 9,400.1100 shares of Ecolab common stock. This figure includes shares previously held as well as those received through recent stock awards reported in the Form 4 filing.

What does the dividend reinvestment note in Shari L. Ballard’s Ecolab (ECL) filing mean?

A footnote explains that her holdings include 23.24 shares acquired through a dividend reinvestment feature of Ecolab’s 2001 Non-Employee Director Stock Option and Deferred Compensation Plan, meaning certain cash dividends were automatically used to acquire additional company shares.