MacLennan David 4

What Happened

• David MacLennan, a director of Ecolab Inc. (ECL), acquired a total of 186.53 shares on March 31, 2026 through awards (transaction code A). That breaks down to 48.71 shares issued at $263.03 per share (total value $12,812) and 137.82 shares reported at $0 (non‑cash issuance tied to the director plan).

Key Details

• Transaction date: 2026-03-31 (reported on Form 4 filed 2026-04-02).
• Components: 48.71 shares @ $263.03 (value $12,812); 137.82 shares @ $0 (plan issuance/dividend reinvestment).
• Footnote: Includes 19.43 shares acquired pursuant to a dividend reinvestment feature of the Ecolab Inc. 2001 Non-Employee Director Stock Option and Deferred Compensation Plan.
• Shares owned after the transaction: not specified in the provided excerpt.
• Timeliness: Filing appears timely (Form 4 filed two business days after the Mar 31 transaction).

Context

• These were awards/grants (not open-market purchases or option exercises). Such director awards are typically routine compensation rather than a direct market signal. The $0 line reflects shares issued via plan mechanics (including dividend reinvestment), while the $12,812 line reflects the monetary value of the restricted stock award.