Alfano Nicholas J. 4
4 · ECOLAB INC. · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
Ecolab EVP Nicholas Alfano Exercises Options, Sells 9,501 Shares
What Happened Nicholas J. Alfano, EVP & President — Global Water for Ecolab (ECL), exercised options on 9,501 shares and immediately sold those 9,501 shares on Feb 17, 2026. The options were exercised at $137.09 per share for a total exercise cost of $1,302,492, and the shares were sold in the open market at a weighted average price of $303.58 per share for total proceeds of $2,884,314 — yielding roughly $1.58M in net proceeds. The Form 4 shows the option conversion step (derivative disposal) recorded at $0, reflecting the exercised-to-stock conversion.
Key Details
- Transaction date: 2026-02-17 (filed 2026-02-18 — timely).
- Option exercise: 9,501 shares × $137.09 = $1,302,492 (M = exercise/conversion).
- Open-market sale: 9,501 shares × weighted avg $303.58 = $2,884,314 (S = sale). Sales executed in multiple trades at $303.49–$303.65 (F2).
- Derivative line: 9,501 shares recorded as disposed at $0 reflecting conversion to common stock.
- Shares owned after transaction: not specified in the provided excerpt.
- Notable footnotes: automatic dividend reinvestment added 3.5 shares since last report (F1); 401(k) plan units noted (1,481.033 units ≈ 2,715 shares) as of Jan 31, 2026 (F3); option granted under Ecolab 2010 Stock Incentive Plan with typical vesting schedule (F4).
Context This is a common “exercise-and-sell” (cashless-style) sequence: options were exercised and the resulting shares were sold the same day, converting option value into cash. Such transactions are typically routine compensation-related liquidity events rather than direct signals about an insider’s view of the company. The filing appears timely (reported the next calendar day).
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-02-17$137.09/sh+9,501$1,302,492→ 14,222.639 total - Sale
Common Stock
[F2]2026-02-17$303.58/sh−9,501$2,884,314→ 4,721.639 total - Exercise/Conversion
Employee Stock Option (Right to Buy)
[F4]2026-02-17−9,501→ 0 totalExercise: $137.09From: 2018-12-06Exp: 2027-12-06→ Common stock (9,501 underlying)
- 1,481.033(indirect: By Ecolab Savings Plan)
Common Stock
[F3]
Footnotes (4)
- [F1]The total includes 3.5 shares resulting from automatic dividend reinvestment in transactions exempt pursuant to Rule 16a-11 under Section 16 of the Securities Exchange Act of 1934 since the reporting person's last report.
- [F2]This transaction was executed in multiple trades at prices ranging from $303.49 to $303.65, inclusive. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- [F3]Number of UNITS in the Ecolab Stock Fund of the Ecolab Savings Plan (401(k) Plan) as of January 31, 2026. Includes 4.002 UNITS acquired since the reporting person's last report. (The 1,481.033 UNITS are the equivalent of approximately 2,715 SHARES of the issuer's Common Stock.)
- [F4]Option granted under the Ecolab Inc. 2010 Stock Incentive Plan. The option became exercisable, on a cumulative basis, as to one-third of the option shares (excluding any fractional portion less than one share), on each of the first and second anniversaries of the date of grant and as to the remaining shares on the third anniversary of the date of grant. The date listed in the "Date Exercisable" column is the first anniversary of the date of grant.