Ecolab EVP Benjamin M. Clark Vests RSUs with Shares Withheld for Taxes

Executive Summary

On November 4, 2026, Ecolab Inc. ($ECL) filed a Form 4 on behalf of Benjamin M. Clark, Executive Vice President - Global Supply Chain. The filing documents the 100% vesting of 8,843 restricted stock units (RSUs) granted on November 2, 2023, and the subsequent disposition of 3,713.029 shares at $306.35 per share to satisfy minimum statutory tax withholding obligations.

Transaction Details

• Security: Common Stock
• RSU Conversion (Code M): 8,843 RSUs vested on November 2, 2026, converting into 8,843 shares of common stock at $0.00.
• Tax Withholding (Code F): 3,713.029 shares were surrendered directly to the issuer at $306.35 per share to cover tax liabilities, totaling approximately $1,137,486.43.
• Post-Transaction Holdings: Mr. Clark's directly owned common stock increased from 1,082.581 shares prior to these transactions to 6,212.552 shares.

Market & Significance Assessment

This filing reflects standard executive equity compensation vesting and administrative tax withholding under Rule 16b-3, rather than open-market buying or discretionary selling. As a result, its trading significance is Low.