Ecolab EVP Jandeen M. Boone acquires 1,769 shares

The 1,769 restricted stock units were granted on November 2, 2023 and vested in full on their third anniversary.

Available on EDGAR 11/04/2026 - 04:36 PM EST Accepted by SEC EDGAR 11/04/2026 - 04:36 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Ecolab EVP, GC & Secretary Jandeen M. Boone exercised 1,769 restricted stock units on November 2, 2026, receiving 1,769 common shares on a one-for-one basis. The units were granted on November 2, 2023 and vested in full on the third anniversary. At vesting, 654 shares were withheld for minimum statutory tax obligations, at a reported price of $306.35 per share.

Insider Trade Summary

1,769 shares exercised/converted

Exercise 3 txns

Insider Boone Jandeen M

Role EVP, GC & Secretary

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units F2, F3	1,769	$0.00	$0.00
Exercise	Common Stock	1,769	$0.00	$0.00
Tax Withholding	Common Stock F1	654.242	$306.35	$200K

Holdings After Transaction: Restricted Stock Units — 0 contracts (Direct); Common Stock — 2,059.158 shares (Direct)

Holdings Before and After: Restricted Stock Units, 1,769 to 0 contracts (Direct); Common Stock, 944.4 to 2,059.158 shares (Direct)

Footnotes (3)

1. F1. 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. F2. Restricted stock units convert into common stock on a one-for-one basis.
3. F3. On November 2, 2023, the reporting person was granted 1,769 restricted stock units, vesting as to 100% of the units on the third anniversary of the date of grant.

Key Figures

Restricted stock units exercised: 1,769 units Common shares acquired: 1,769 shares Shares withheld for minimum statutory tax obligations: 654 shares +1 more

4 metrics

Restricted stock units exercised 1,769 units November 2, 2026

Common shares acquired 1,769 shares Converted from restricted stock units on November 2, 2026

Shares withheld for minimum statutory tax obligations 654 shares At vesting on November 2, 2026

Reported price per share $306.35 per share Shares withheld for minimum statutory tax obligations

Key Terms

restricted stock units, one-for-one basis, minimum statutory tax obligations, Rule 16b-3

4 terms

restricted stock units technical

"Restricted stock units convert into common stock on a one-for-one basis"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

one-for-one basis technical

"convert into common stock on a one-for-one basis"

minimum statutory tax obligations regulatory

"payment of minimum statutory tax obligations by withholding shares"

Rule 16b-3 regulatory

"in accordance with Rule 16b-3"

Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many ECL shares did Jandeen M. Boone receive from RSUs?

Jandeen M. Boone exercised 1,769 restricted stock units into 1,769 Ecolab common shares on November 2, 2026. The units had been granted on November 2, 2023 and vested 100% on the third anniversary.

How many ECL shares were withheld for Jandeen M. Boone's taxes?

654 shares were withheld for minimum statutory tax obligations when the restricted stock units vested on November 2, 2026, at a reported price of $306.35 per share. The withholding occurred incident to vesting.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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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^*

Boone Jandeen M

(Last) (First) (Middle)

1 ECOLAB PLACE

(Street)

SAINT 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, GC & Secretary

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/02/2026

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	11/02/2026		M		1,769	A	$0	2,713.4	D
Common Stock	11/02/2026		F(1)		654.242	D	$306.35	2,059.158	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
Restricted Stock Units	(2)	11/02/2026		M			1,769	11/02/2026(3)	11/02/2026	Common Stock	1,769	$0	0	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. Restricted stock units convert into common stock on a one-for-one basis.

3. On November 2, 2023, the reporting person was granted 1,769 restricted stock units, vesting as to 100% of the units on the third anniversary of the date of grant.

Remarks:

	/s/ Corinne Lawson, as Attorney-in-Fact for Jandeen M. Boone	11/04/2026
	** 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)