Ecolab (NYSE: ECL) EVP receives 4,330 stock options at $268.515

Rhea-AI Filing Summary

Ecolab Inc. reported a stock option grant to an executive officer. Alexandra M. A. Hlila, EVP & GM – Global Pest, received an employee stock option to buy 4,330 shares of Ecolab common stock at an exercise price of $268.515 per share on 12/03/2025. The option becomes exercisable in stages: one-third of the option shares on each of the first and second anniversaries of the grant date and the remaining shares on the third anniversary, with the first tranche becoming exercisable on 12/03/2026. Following this grant, she beneficially owns 4,330 derivative securities (stock options) and holds 85.216 shares of Ecolab common stock 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

OMB Number:			3235-0287
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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^*

Hlila Alexandra M A

(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)
	EVP & GM - GLOBAL PEST

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								85.216	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		4,330		12/03/2026(1)	12/03/2035	Common Stock	4,330	$0	4,330	D

Explanation of Responses:

1. 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 Alexandra M. A. Hlila	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.
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.

FAQ

What did Ecolab (ECL) disclose in this Form 4 filing?

Ecolab disclosed that executive officer Alexandra M. A. Hlila received an employee stock option covering 4,330 shares of common stock at an exercise price of $268.515 per share, granted on 12/03/2025.

Who is the reporting person in the Ecolab (ECL) Form 4?

The reporting person is Alexandra M. A. Hlila, who serves as EVP & GM – Global Pest at Ecolab Inc.

What are the key terms of the Ecolab (ECL) stock option grant?

The grant is an employee stock option (right to buy) for 4,330 shares of Ecolab common stock at $268.515 per share, granted on 12/03/2025 and expiring on 12/03/2035.

How do the Ecolab (ECL) options granted to the executive vest?

The option is 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. The first exercisable date listed is 12/03/2026.

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

After the reported transaction, the executive beneficially owns 85.216 shares of Ecolab common stock directly and 4,330 derivative securities in the form of stock options.

Is the Ecolab (ECL) Form 4 filed for one or multiple reporting persons?

The filing is indicated as Form filed by One Reporting Person, referring only to Alexandra M. A. Hlila.