Ecolab Inc. Director Shari L. Ballard Receives Quarterly Equity Compensation

Insider Filing Analysis: Ecolab Inc. (NYSE: ECL)

Executive Summary

On October 2, 2026, Ecolab Inc. filed a Form 4 detailing equity acquisitions by Director Shari L. Ballard. On September 30, 2026, Ballard acquired a total of 262.35 shares of Common Stock directly through two separate non-derivative transactions tied to non-employee director compensation.

Key Transaction Details

• Transaction 1: Acquisition of 131.17 shares at an award price of $0.00 per share (routine stock award).
• Transaction 2: Acquisition of 131.18 shares at $276.355 per share, representing a total consideration of $36,252.25 (typically fees deferred into stock under director compensation plans).
• Net Addition: 262.35 shares acquired directly.
• Post-Transaction Beneficial Ownership: 9,972.85 shares, which includes 25.41 shares acquired via a dividend reinvestment feature under the 2001 Non-Employee Director Stock Option and Deferred Compensation Plan.

Market & Trading Impact

• Trading Significance: Low. The transactions represent standard end-of-quarter equity grants and retainer deferrals under Ecolab's Non-Employee Director Stock Option and Deferred Compensation Plan. There is no discretionary open-market buying or selling activity.