REICH VICTORIA 4

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.