MacLennan David 4

What Happened

• David MacLennan, a director of Ecolab Inc. (ECL), received shares on June 30, 2026 as awards/acquisitions under company plans. He was credited with 46.01 shares at a reported price of $278.46 each (total value ~$12,812) and 130.18 shares reported at $0.00 (no cash paid).
• The 130.18-share item appears to be a plan-credit/dividend reinvestment or similar non-cash award; the 46.01-share item is a standard equity grant with the stated per-share fair value. These are acquisitions/awards (not open-market purchases or sales), and are typically routine director compensation.

Key Details

• Transaction date: 2026-06-30; Form 4 filed: 2026-07-02.
• Shares received: 46.01 shares @ $278.46 (value ~$12,812) and 130.18 shares @ $0.00 (non-cash award/plan credit). Total shares acquired: 176.19.
• Footnote: Includes 20.47 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 filing.
• Filing timeliness: Form 4 filed 2026-07-02 covering the 6/30/26 transaction; the filing shows no late‑filing flag in the reported data.

Context

• Transaction code "A" denotes award/grant/acquisition — common for non-employee director compensation and not necessarily a market sentiment signal. The 130.18 shares recorded at $0.00 reflect a non-cash plan credit/dividend reinvestment; the 46.01 shares reflect an awarded grant with an assigned fair value.
• For retail investors: purchases or open-market buys can be more informative about insider confidence. Grants to directors are routine compensation and should be interpreted accordingly.