Bradway Jennifer J 4

What Happened

• Jennifer J. Bradway, SVP & Corporate Controller of Ecolab Inc. (ECL), exercised stock options and sold shares on Feb 13, 2026. She exercised/converted options for 950 shares at an exercise price of $137.09 per share (total cash paid $130,233). On the same day she sold 613 shares in an open market transaction at $302.01 per share, receiving about $185,132. The filing also reports a related derivative conversion/disposition of 950 shares at $0 (reported as derivative).

Key Details

• Transaction date: 2026-02-13; Form 4 filed: 2026-02-17 (timely filing).
• Exercise: 950 shares at $137.09; cash paid ≈ $130,233.
• Sale: 613 shares sold at $302.01; proceeds ≈ $185,132.
• Reported derivative disposition: 950 shares @ $0 (reported as derivative; filing lists this separately).
• Footnotes: F1 notes 11.55 shares from automatic dividend reinvestment included in totals under Rule 16a-11; F2 notes the option was granted under Ecolab’s 2010 Stock Incentive Plan with standard multi-year vesting (date listed is the first anniversary of grant).
• Shares owned after the transactions are not specified in the excerpt provided.

Context

• This was an option exercise (derivative conversion) combined with an immediate open-market sale of some shares. When insiders exercise options and sell shares the same day, it often reflects a cashless or partial cash-out of the exercised shares; the filing also shows a separate derivative disposition reported at $0, which commonly reflects shares surrendered/withheld in connection with exercises (e.g., to cover taxes or exercise costs) and is reported distinctly.
• Sales are routine insider activity and do not, by themselves, indicate company health or insider sentiment.