Althoff Judson 4

What Happened Judson Althoff, a director of Ecolab Inc. (ECL), received a derivative award on 2026-05-15: an option covering 732 shares. The Form 4 reports the grant price as $0.00 (no cash exchanged at grant) and the transaction is coded as an award/grant (A). This is a grant of rights to acquire shares in the future rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-15; Form 4 filed: 2026-05-19 (timely filing — within required 2 business days).
• Grant: option to acquire 732 shares; reported price $0.00; total reported value $0.
• Shares owned after transaction: not specified in the filing.
• Footnote: option vests cumulatively — 25% at the end of each of the first, second and third three-month periods after grant, with remaining shares vesting at the earlier of the end of the fourth three-month period or the company's next annual meeting; option becomes fully exercisable immediately upon a defined Change in Control.
• Transaction type: Derivative award (coded A) — not an immediate purchase or sale.

Context This is a standard director equity award that vests over a short multi-quarter schedule; it does not represent an immediate purchase or sale of company stock. For retail investors, such grants are routine compensation and are different from purchases (which can be interpreted as a direct purchase signal) or exercises followed by immediate sales.