Ecolab (ECL) CFO granted 15,697 stock options with multi-year vesting

Rhea-AI Filing Summary

Ecolab Inc. reported an equity award for its Chief Financial Officer, who is a reporting officer of the company. On 12/03/2025, the CFO acquired an employee stock option15,697 shares of Ecolab common stock with an exercise price of $ 268.515 per share. These options are scheduled to become exercisable in stages: one-third of the shares on each of the first and second anniversaries of the grant date, and the remaining shares on the third anniversary, with a final expiration date of 12/03/2035.

After this transaction, the CFO beneficially owned 11,529.846 shares of common stock directly, plus 1,442.291 UNITS in the Ecolab Stock Fund of the Ecolab Savings Plan as of November 30, 2025. Those UNITS include 6.887 UNITS acquired since the prior report and are described as being equivalent to approximately 2,646 shares of Ecolab common stock.

12/05/2025 - 04:06 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

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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^*

Kirkland Scott D

(Last) (First) (Middle)

1 ECOLAB PLACE

(Street)

ST. 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)
	CHIEF FINANCIAL OFFICER

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								11,529.846	D
Common Stock								1,442.291(1)	I	By Ecolab Savings Plan

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		15,697		12/03/2026(2)	12/03/2035	Common Stock	15,697	$0	15,697	D

Explanation of Responses:

1. Number of UNITS in the Ecolab Stock Fund of the Ecolab Savings Plan (401(k) Plan) as of November 30, 2025. Includes 6.887 UNITS acquired since the reporting person's last report. (The 1,442.291 UNITS are the equivalent of approximately 2,646 SHARES of the issuer's Common Stock.)

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.

	/s/ Youhao Dong, as Attorney-in-Fact for Scott D. Kirkland	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).
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FAQ

What insider transaction did Ecolab (ECL) disclose for its CFO?

The Chief Financial Officer of Ecolab Inc. acquired an employee stock option on 12/03/2025 covering 15,697 shares of Ecolab common stock at an exercise price of $ 268.515 per share.

What is the vesting schedule for the 15,697 Ecolab (ECL) stock options?

The option becomes exercisable, on a cumulative basis, as to one-third of the option shares on each of the first and second anniversaries of the grant date, and as to the remaining shares on the third anniversary. The first exercisable date listed is 12/03/2026, and the option expires on 12/03/2035.

How many Ecolab (ECL) shares does the CFO beneficially own after this transaction?

Following the reported transaction, the CFO beneficially owned 11,529.846 shares of Ecolab common stock directly and 1,442.291 UNITS in the Ecolab Stock Fund of the Ecolab Savings Plan as of November 30, 2025, which are described as equivalent to approximately 2,646 shares of common stock.

What do the Ecolab Savings Plan UNITS represent for the CFO?

The 1,442.291 UNITS in the Ecolab Stock Fund of the Ecolab Savings Plan (401(k) Plan) represent an interest in that fund as of November 30, 2025. The filing notes that these UNITS are equivalent to approximately 2,646 shares of Ecolab common stock and include 6.887 UNITS acquired since the CFO's last report.

What is the CFO’s role and relationship to Ecolab (ECL)?

The reporting person is identified as an Officer of Ecolab Inc. with the title Chief Financial Officer. The form indicates it is filed by one reporting person, reflecting this individual’s relationship as an executive officer of the issuer.

Is the derivative security in this Ecolab (ECL) filing direct or indirect ownership?

The 15,697 employee stock options reported are shown as direct (D) ownership by the CFO. The indirect ownership in this report relates only to the 1,442.291 UNITS held through the Ecolab Savings Plan.