Alfano Nicholas J. 4
Research Summary
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Ecolab (ECL) EVP Nicholas Alfano Receives Award; Withholds Shares
What Happened Nicholas J. Alfano, EVP & President — Global Water at Ecolab, received an award of 2,202 shares (performance-based RSUs) that vested on Feb 18, 2026 (acquired at $0.00). To satisfy minimum statutory tax obligations tied to the vesting, 975.487 shares were withheld/disposed at $303.15 per share, netting $295,719. The filing was submitted Feb 20, 2026, reporting the Feb 18, 2026 transactions.
Key Details
- Transaction dates: Feb 18, 2026 (award vesting and tax withholding); Form 4 filed Feb 20, 2026 (timely).
- Award: 2,202 shares acquired at $0.00 (performance-based restricted stock units vesting).
- Withholding/disposition: 975.487 shares at $303.15 each, total value $295,719 (tax withholding under Rule 16b-3).
- Reported holdings related note: 1,481.033 units in the Ecolab Stock Fund of the company 401(k) plan as of Jan 31, 2026 — equivalent to ~2,715 shares (footnote disclosure).
- No indication of a voluntary open-market sale or a 10b5-1 plan; withholding was for taxes (transaction code F).
Context This was primarily a vesting of performance-based RSUs with shares withheld to cover taxes — a routine administrative step rather than a discretionary sale for cash. Such tax-withholding dispositions are common and do not necessarily reflect the insider’s view of the stock.