Beck Christophe 4

What Happened
Christophe Beck, Ecolab’s Chairman & CEO, received 25,408 shares on February 18, 2026 as an award (vesting of performance-based restricted stock units). To cover minimum statutory tax obligations associated with the vesting, 11,091.244 shares were withheld/disposed at $303.15 per share for a reported value of $3,362,311. The award (A) is not an open-market purchase; the withheld shares (F) are a routine tax-withholding disposition.

Key Details

• Transaction date: 2026-02-18 (reported on Form 4 filed 2026-02-20 — timely filing).
• Award: 25,408 shares acquired at $0.00 (vesting of performance-based RSUs).
• Tax withholding/disposition: 11,091.244 shares disposed at $303.15, reported value $3,362,311.
• Shares owned after transaction: total post-transaction ownership not stated in the filing. The filing does disclose 1,735.608 UNITS in the Ecolab Stock Fund of the Ecolab 401(k) as of Jan 31, 2026 (≈3,182 shares); this is separate from the RSU award.
• Footnotes: F1 — withholding of shares to satisfy minimum statutory tax obligations on vesting of performance-based RSUs (per Rule 16b-3). F2 — details the 401(k) Stock Fund units and recent contributions (includes 55.258 units acquired since last report).

Context
This was a vesting of performance-based restricted stock units and a cashless tax-withholding (shares surrendered/withheld), not a market sale to generate cash or a purchase signaling bullishness. Such F-code tax-withholdings are routine and should be interpreted as tax-related dispositions rather than a decision to sell for investment reasons.