McKibben Tracy B 4
4 · ECOLAB INC. · Filed May 19, 2026
Research Summary
AI-generated summary of this filing
Ecolab (ECL) Director Tracy B. McKibben Receives 732-Share Option Award
What Happened
Tracy B. McKibben, a director of Ecolab Inc. (ECL), received a derivative award on 2026-05-15 covering 732 shares at $0.00 (reported as code A — award/grant). This was a grant of option-like rights (no cash paid and no immediate sale). The filing shows the award as a derivative instrument rather than a purchase of common stock.
Key Details
- Transaction date: 2026-05-15; Form 4 filed: 2026-05-19 (within the typical SEC reporting window).
- Award: 732 shares (derivative) at $0.00; no cash exchanged in the grant.
- Shares owned after transaction: not specified in this filing.
- Footnote: the option vests cumulatively — 25% of the option shares vest at the end of each of the first, second and third three-month periods after grant, with the remainder vesting at the end of the fourth three-month period (or earlier at the company’s next annual meeting). If a Change in Control occurs, the option becomes immediately exercisable in full.
- No indication of a 10b5-1 plan, tax-withholding sale, or exercise/sale of shares in this filing.
Context
This was a compensation grant (derivative option award) to a non-employee director — a routine form of director pay, not an open-market purchase or sale. Derivative grants give the holder the right to buy shares in the future (subject to vesting and any exercise price), so they do not represent immediate stock ownership or cash proceeds until exercised. Purchases by insiders can be seen as a stronger direct signal of conviction; awards are primarily compensation-driven.
Insider Transaction Report
- Award
Non-Employee Director Stock Option (Right to Buy)
[F1]2026-05-15+732→ 732 totalExercise: $247.70From: 2026-08-15Exp: 2036-05-15→ Common Stock (732 underlying)
- 11,515.96
Common Stock
Footnotes (1)
- [F1]The option will become exercisable, on a cumulative basis, as to 25% of the option shares (excluding any fractional portion less than one share), on the last day of each of the first, second and third three-month periods following its date of grant and as to the remaining shares on the earlier of the last day of the fourth three-month period following its date of grant or the company's next annual meeting date; provided, however, that if a Change in Control of the Company (as that term is defined in the Ecolab Inc. 2001 Non-Employee Director Stock Option and Deferred Compensation Plan) will occur, then the option will become immediately exercisable in full. The date listed in the Date Exercisable column represents the first vesting date.