Doukeris Michel D 4

What Happened

• Michel D. Doukeris, a director of Ecolab Inc. (ECL), received a derivative equity award on May 15, 2026 covering 732 shares. The Form 4 reports the acquisition as a derivative grant (code A) with a reported price of $0.00. No cash was paid at grant; this is an option-style award rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-15; Form 4 filed: 2026-05-19 (filed within the normal 2-business-day window).
• Reported consideration: $0.00 (derivative award).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Plan: Award governed by the Ecolab Inc. 2001 Non-Employee Director Stock Option and Deferred Compensation Plan (per footnote).
• Footnote summary: the option vests cumulatively — 25% of the option shares vest at the end of each of the first, second and third three-month periods after grant (fractions under one share excluded), and the remainder vests at the earlier of the end of the fourth three-month period or the company’s next annual meeting. If a Change in Control occurs, the option becomes fully exercisable immediately. The date shown on the filing corresponds to the first vesting date.

Context

• This is a grant of derivative awards (stock options) for future purchase rights rather than an immediate share purchase or sale. Such awards do not require cash payment at grant and only translate into ownership if/when exercised and vested. As with all insider filings, this is factual reporting of compensation-related equity grants and does not by itself indicate any specific trading intent.