Ecolab Inc. (NYSE: ECL) SVP Bradway vests 6,457 RSUs, covers taxes
Rhea-AI Filing Summary
ECOLAB INC. executive Jennifer J. Bradway, SVP & Corporate Controller, reported the vesting of 6,457 restricted stock units granted on August 3, 2022. On August 3, 2026 these units converted into an equal number of common shares on a one-for-one basis. To satisfy tax obligations, 2,944.392 shares of common stock were withheld at $278.79 per share under Rule 16b-3, with the remaining shares delivered to her direct holdings. A portion of her direct position, 32.363 shares, arises from automatic dividend reinvestment.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 3,512.608 shares
Net Buy
3 txns
Insider
Bradway Jennifer J
Role
SVP & CORPORATE CONTROLLER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F4, F1 | 6,457 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2 | 6,457 | -- | -- |
| Tax Withholding | Common Stock F3 | 2,944.392 | $278.79 | $821K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 9,603.245 shares (Direct)
Footnotes (4)
- F1. On August 3, 2022, the reporting person was granted 6,457 restricted stock units, vesting as to 100% of the units on the fourth anniversary of the date of grant.
- F2. The total includes 32.363 shares resulting from automatic dividend reinvestment in transactions exempt pursuant to Rule 16a-11 under Section 16 of the Securities Exchange Act of 1934.
- F3. 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.
- F4. Restricted stock units convert into common stock on a one-for-one basis.
Key Figures
RSUs vested and converted: 6,457 units
Shares withheld for taxes: 2,944.392 shares
Tax withholding price: $278.79 per share
+1 more
4 metrics
RSUs vested and converted
6,457 units
Restricted stock units granted August 3, 2022 and vested August 3, 2026, converting into common stock one-for-one.
Shares withheld for taxes
2,944.392 shares
Common shares withheld incident to RSU vesting to satisfy minimum statutory tax obligations.
Tax withholding price
$278.79 per share
Per-share value used for Ecolab common stock withheld to satisfy tax obligations.
Dividend reinvestment shares
32.363 shares
Portion of direct holdings arising from automatic dividend reinvestment transactions exempt under Rule 16a-11.
Key Terms
Restricted stock units, automatic dividend reinvestment, minimum statutory tax obligations, Rule 16b-3, +1 more
5 terms
Restricted stock units financial
"the reporting person was granted 6,457 restricted stock units, vesting as to 100%"
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.
automatic dividend reinvestment financial
"The total includes 32.363 shares resulting from automatic dividend reinvestment"
minimum statutory tax obligations financial
"payment of minimum statutory tax obligations by withholding shares of Ecolab Common Stock"
Rule 16b-3 regulatory
"withholding shares of Ecolab Common Stock incident to the vesting of restricted stock units 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.
Section 16 of the Securities Exchange Act of 1934 regulatory
"transactions exempt pursuant to Rule 16a-11 under Section 16 of the Securities Exchange Act of 1934"
A provision of federal securities law that requires company insiders—directors, officers and large shareholders—to publicly report their stock holdings and trades and to surrender any “short-swing” profits from purchases and sales within a six-month window. It acts like a rule that forces leaders to announce their trades and prevents quick buy-sell windfalls, giving investors transparency into insider activity and reducing opportunities for unfair gain.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity award activity did Ecolab (ECL) disclose for Jennifer J. Bradway?
Jennifer J. Bradway had 6,457 restricted stock units granted on August 3, 2022 vest on August 3, 2026, converting into 6,457 shares of Ecolab common stock on a one-for-one basis as part of her equity compensation.
What is the conversion ratio for Jennifer Bradway's Ecolab (ECL) restricted stock units?
The restricted stock units convert into Ecolab common stock on a one-for-one basis. That means each vested RSU delivers one share of common stock when it settles, matching the 6,457 units to 6,457 shares conversion reported.
Did Jennifer Bradway's Ecolab (ECL) Form 4 report any open-market stock purchases or sales?
No open-market purchases or sales were reported. The Form 4 shows a derivative conversion of 6,457 RSUs into common stock and a disposition of 2,944.392 shares solely through withholding to satisfy tax obligations related to the vesting event.
Were Jennifer Bradway's Ecolab (ECL) transactions made under a Rule 10b5-1 trading plan?
The disclosure indicates the Rule 10b5-1 checkbox was not selected, so these transactions are not affirmed as occurring under a pre-arranged 10b5-1 trading plan. They stem from scheduled RSU vesting and related tax share withholding.