Director MacLennan (NYSE: ECL) receives 732 Ecolab stock options
Rhea-AI Filing Summary
Ecolab Inc. director David MacLennan reported an equity compensation update. He received a grant of 732 Non-Employee Director Stock Options, each with an exercise price of $247.70 per share, linked to Ecolab common stock.
The options vest in stages: 25% of the shares on the last day of each of the first three three-month periods after the grant date, with the remaining shares vesting on the earlier of the last day of the fourth three-month period or the company’s next annual meeting date. The options become fully exercisable immediately if a defined Change in Control occurs.
After this report, MacLennan is shown with 25,230.01 Ecolab common shares held directly, plus indirect holdings of 3,500 shares through the Kathleen F. MacLennan Revocable Trust and 709 shares through sibling trusts.
Positive
- None.
Negative
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Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
MacLennan David
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Non-Employee Director Stock Option (Right to Buy) | 732 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Non-Employee Director Stock Option (Right to Buy) — 732 shares (Direct);
Common Stock — 25,230.01 shares (Direct);
Common Stock — 3,500 shares (Indirect, By Kathleen F. MacLennan Revocable Trust u/a dated 11/07/2002);
Common Stock — 709 shares (Indirect, By sibling's trusts)
Footnotes (1)
- F1. The option will become exercisable, on a cumulative basis, as to 25% of the option shares (excluding any fractional portion less than one share), on the last day of each of the first, second and third three-month periods following its date of grant and as to the remaining shares on the earlier of the last day of the fourth three-month period following its date of grant or the company's next annual meeting date; provided, however, that if a Change in Control of the Company (as that term is defined in the Ecolab Inc. 2001 Non-Employee Director Stock Option and Deferred Compensation Plan) will occur, then the option will become immediately exercisable in full. The date listed in the Date Exercisable column represents the first vesting date.
Key Figures
Option grant size: 732 options
Option exercise price: $247.70 per share
Direct common shares: 25,230.01 shares
+4 more
7 metrics
Option grant size
732 options
Non-Employee Director Stock Option grant on May 15, 2026
Option exercise price
$247.70 per share
Exercise price for the 732 director stock options
Direct common shares
25,230.01 shares
Direct Ecolab common stock held after reported transactions
Trust-held shares
3,500 shares
Indirect holdings via Kathleen F. MacLennan Revocable Trust
Sibling trust shares
709 shares
Indirect holdings via sibling’s trusts
First vesting date
August 15, 2026
First exercisability date shown for the granted options
Option expiration
May 15, 2036
Expiration date for the 732 director stock options
Key Terms
Non-Employee Director Stock Option, Change in Control, Ecolab Inc. 2001 Non-Employee Director Stock Option and Deferred Compensation Plan
3 terms
Non-Employee Director Stock Option financial
"Non-Employee Director Stock Option (Right to Buy)"
Change in Control financial
"if a Change in Control of the Company will occur, then the option"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
Ecolab Inc. 2001 Non-Employee Director Stock Option and Deferred Compensation Plan financial
"as that term is defined in the Ecolab Inc. 2001 Non-Employee Director Stock Option and Deferred Compensation Plan"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Ecolab (ECL) director David MacLennan receive in this Form 4?
David MacLennan received a grant of 732 Non-Employee Director Stock Options tied to Ecolab common stock, with an exercise price of $247.70 per share. The filing also updates his direct and indirect Ecolab share holdings as of the reported date.
What is the exercise price and size of David MacLennan’s Ecolab (ECL) option grant?
The grant covers 732 Non-Employee Director Stock Options with an exercise price of $247.70 per share. These options give MacLennan the right to buy Ecolab common stock at that price once they vest and become exercisable over time.
How do David MacLennan’s new Ecolab (ECL) director options vest?
The options vest in four stages. Twenty-five percent of the shares vest on the last day of each of the first three three-month periods after grant. The remaining shares vest on the earlier of the end of the fourth three-month period or the next annual meeting.
What happens to David MacLennan’s Ecolab (ECL) options if there is a Change in Control?
If a Change in Control, as defined in the Ecolab Inc. 2001 Non-Employee Director Stock Option and Deferred Compensation Plan, occurs, the entire option becomes immediately exercisable. This accelerates vesting so all remaining option shares can be exercised at once.
Are David MacLennan’s new Ecolab (ECL) options a market purchase or compensation grant?
The filing describes the 732 options as a Non-Employee Director Stock Option grant with a transaction code for a grant or award. This indicates a compensation-related award from Ecolab, not an open-market purchase of existing shares.