REICH VICTORIA 4
4 · ECOLAB INC. · Filed Feb 17, 2026
Research Summary
AI-generated summary of this filing
Ecolab (ECL) Director Victoria Reich Exercises Options, Sells 1,000
What Happened
Victoria Reich, a director of Ecolab Inc. (ECL), exercised 1,000 stock options at $115.08 per share (total exercise cost $115,075) and sold 1,000 shares in an open-market transaction at $301.08 per share for total proceeds of $301,080 on February 13, 2026. The transactions appear to be an exercise-and-sale (cashless exercise) resulting in gross proceeds of $301,080 and an approximate pre-tax/net-before-fees gain of $186,005.
Key Details
- Transaction dates: February 13, 2026.
- Option exercise (code M, Acquired): 1,000 shares @ $115.08 = $115,075.
- Open-market sale (code S, Sold): 1,000 shares @ $301.08 = $301,080.
- A separate derivative entry (code M, Disposed) shows 1,000 at $0.00 (related to the option conversion/settlement).
- Shares owned after transaction: Not specified in the filing.
- Footnote: The option’s vesting schedule is described (25% quarterly over one year), with an acceleration clause if a Change in Control occurs (footnote F1).
- Filing timeliness: Report filed Feb 17, 2026; the filing does not indicate a late filing flag in the provided details.
Context
- This looks like an exercise-and-immediate-sale (cashless exercise): the option was exercised and the resulting shares were sold the same day. The $0.00 derivative-disposition line reflects the option conversion/settlement rather than a separate cash sale.
- Such director sales are often routine (liquidity or tax-related) and don’t by themselves indicate company-wide sentiment. The vesting footnote suggests exercisability rules and notes accelerated vesting on a Change in Control.
Insider Transaction Report
Form 4
ECOLAB INC.ECL
REICH VICTORIA
Director
Transactions
- Exercise/Conversion
Common Stock
2026-02-13$115.08/sh+1,000$115,075→ 26,175.69 total - Sale
Common Stock
2026-02-13$301.08/sh−1,000$301,080→ 25,175.69 total - Exercise/Conversion
Non-Employee Stock Option (Right to Buy)
[F1]2026-02-13−1,000→ 0 totalExercise: $115.08From: 2016-08-05Exp: 2026-05-05→ Common Stock (1,300 underlying)
Footnotes (1)
- [F1]The option became exercisable, on a cumulative basis, as to 25% of the option shares (excluding any fractional portion less than one share), on the last day of each of the first, second and third three-month periods following its date of grant and as to the remaining shares on the last day of the fourth three-month period following its date of grant; provided, however, that if a Change in Control of the Company (as that term is defined in the Ecolab Inc. 2001 Non-Employee Director Stock Option and Deferred Compensation Plan) will occur, then the option will become immediately exercisable in full.
Signature
/s/ Corinne Lawson, as Attorney-in-Fact for Victoria J. Reich|2026-02-17