Ecolab (NYSE: ECL) awards 4,872 options to EVP Global Supply Chain

Rhea-AI Filing Summary

Ecolab Inc. executive Benjamin M. Clark, EVP - Global Supply Chain, reported new equity compensation and updated share holdings. On December 3, 2025, he received an employee stock option to buy 4,872 shares of Ecolab common stock at an exercise price of $268.515 per share. The option becomes exercisable on a cumulative basis: 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 the first exercisable date listed as December 3, 2026 and an expiration date of December 3, 2035.

The filing also notes that Clark’s end-of-period holdings include 2 additional shares acquired through dividend reinvestment on August 11, 2025, and shows 82.581 shares of Ecolab common stock held directly.

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^*

Clark Benjamin M.

(Last) (First) (Middle)

1 ECOLAB PLACE

(Street)

SAINT 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)
	EVP - Global Supply Chain

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								82.581(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
Employee Stock Option (Right to Buy)	$268.515	12/03/2025		A		4,872		12/03/2026(2)	12/03/2035	Common Stock	4,872	$0	4,872	D

Explanation of Responses:

1. The reporting person's end of period holdings includes 2 shares added in the aggregate by dividend reinvestment on August 11, 2025.

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 Benjamin M. Clark	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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What insider transaction did Ecolab (ECL) report for Benjamin M. Clark?

The company reported that EVP - Global Supply Chain Benjamin M. Clark received an employee stock option on December 3, 2025 covering 4,872 shares of Ecolab common stock.

What is the exercise price of the new Ecolab (ECL) stock options granted to Benjamin M. Clark?

The employee stock option granted to Benjamin M. Clark has an exercise price of $268.515 per share for 4,872 shares of Ecolab common stock.

How do the newly granted Ecolab (ECL) options to Benjamin M. Clark vest?

The option becomes exercisable on a cumulative basis as to one‑third of the 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 is listed as December 3, 2026.

When do Benjamin M. Clark’s new Ecolab (ECL) stock options expire?

The employee stock option granted to Benjamin M. Clark is scheduled to expire on December 3, 2035.

How many Ecolab (ECL) shares does Benjamin M. Clark directly hold according to this report?

The report shows that Benjamin M. Clark directly holds 82.581 shares of Ecolab common stock, including 2 shares added through dividend reinvestment on August 11, 2025.

What is the role of Benjamin M. Clark at Ecolab (ECL)?

Benjamin M. Clark is identified in the filing as an Officer of Ecolab Inc., serving as EVP - Global Supply Chain.