NOWELL LIONEL L III 4

What Happened Lionel L. Nowell III, a director of Ecolab Inc. (ECL), was granted/received 130.18 shares on 2026-06-30 as an award/acquisition. The reported acquisition price is $0.00, so the transaction value is listed as $0. The filing notes that 17.51 of those shares were acquired through a dividend reinvestment feature of Ecolab’s 2001 Non-Employee Director Stock Option and Deferred Compensation Plan.

Key Details

• Transaction date: 2026-06-30; Filing date: 2026-07-02 (filed within the normal Form 4 timing).
• Transaction type/code: A (Grant, award or other acquisition).
• Shares acquired: 130.18 shares at $0.00 (total value reported $0).
• Footnote: 17.51 shares were from dividend reinvestment under the 2001 Non-Employee Director Stock Option and Deferred Compensation Plan.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• No indication of sale or cash proceeds; this is an award/grant rather than a market purchase or sale.

Context Grants and awards to non-employee directors are typically part of regular compensation and often reported at $0 for accounting of the award itself; they do not necessarily signal a personal buy or sell decision. The inclusion of dividend reinvestment means part of the award came from reinvesting dividends into additional plan shares. This report appears routine and was filed on time.