Ballard Shari L 4

What Happened

• Shari L. Ballard, a director of Ecolab Inc. (ECL), received a derivative award on 2026-05-15 covering 732 shares. The Form 4 records the acquisition as an award/derivative (A) and shows $0.00 per share in the filing; the filing does not report an immediate cash purchase or sale.

Key Details

• Transaction date: 2026-05-15; Form 4 filed 2026-05-19.
• Award type: Option-style derivative (per footnote) covering 732 shares; filing lists $0.00 for the reported price/value.
• Vesting: Award vests 25% at the end of each of the first three three-month periods after grant, with the remainder vesting on the earlier of the end of the fourth three-month period or the company’s next annual meeting. If a Change in Control occurs, the option becomes immediately exercisable in full.
• Shares owned after the transaction: not specified in the filing.
• No sale or exercise occurred; this is a grant of an option/award, not a market purchase or disposition.

Context

• This is a non-cash director compensation grant (a derivative option award) and does not indicate an immediate purchase or sale of stock. Vesting is time-based (quarterly) and includes a change-in-control acceleration provision. The filing records show $0.00 for the transaction value; intrinsic or fair-market value and the option exercise price (if any) are not provided in the Form 4.