Ballard Shari L 4

What Happened
Shari L. Ballard, a director of Ecolab Inc., received awards/acquisitions of company stock on June 30, 2026. The filing shows two acquisitions of 130.18 shares each: one recorded at $0.00 (no cash cost) and a second recorded at $278.46 per share, valued at $36,250. These are grant/award-type transactions (Form 4 code "A") rather than open-market purchases or sales.

Key Details

• Transaction date: 2026-06-30. Filed with the SEC on 2026-07-02. (No indication in the provided data that the filing was late.)
• Lots reported: 130.18 shares @ $0.00 (value $0) and 130.18 shares @ $278.46 (value $36,250); total 260.36 shares acquired.
• Footnote: 24.62 of the shares were acquired pursuant to a dividend reinvestment feature of the Ecolab Inc. 2001 Non-Employee Director Stock Option and Deferred Compensation Plan.
• Filing type: Award/Grant (A). Not a sale — routine director compensation rather than an expressed market vote.

Context
Grants to non-employee directors are typically part of standard compensation plans and do not necessarily signal personal bullish or bearish sentiment. The portion shown at $0 likely reflects plan mechanics (e.g., reinvested dividends or non-cash award accounting) while the $278.46 figure is the per-share value reported for the other award. Retail investors should view this as routine director compensation unless accompanied by sizable open-market purchases or sales.