ECOLAB INC.·4

Feb 20, 4:45 PM ET

De Boo Alexander A. 4

Research Summary

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Ecolab (ECL) EVP Alexander De Boo Receives Award; Withholds Shares

What Happened

  • Alexander A. De Boo, EVP & President — Global Markets at Ecolab, was granted 2,371 shares (performance-based restricted stock units) on 2026-02-18 (reported as an Award/Grant, code A). Simultaneously, 125.664 shares were withheld/disposed to satisfy minimum statutory tax obligations at an implied withholding value of $303.15 per share, totaling $38,095 (reported as code F).
  • The grant is an award (not a market purchase) and the withheld shares represent a routine tax-withholding disposition rather than an open-market sale.

Key Details

  • Transaction date: 2026-02-18; Form 4 filed: 2026-02-20 (appears timely).
  • Award: 2,371 shares granted (report shows $0.00 per share for the grant).
  • Withholding/disposition: 125.664 shares withheld at $303.15 per share = $38,095.
  • Footnote: F1 indicates the withholding reflects payment of minimum statutory tax obligations by withholding shares incident to vesting of performance-based RSUs under Rule 16b-3.
  • Shares owned after the transaction: not disclosed in the provided filing.

Context

  • This is a standard equity award vesting plus tax-withholding transaction. The withheld shares were surrendered to cover taxes (a common, administrative action) rather than an indicative open-market sale. Such routine withholding does not necessarily signal insider sentiment about the stock.