Doukeris Michel D 4

What Happened
Michel Doukeris, a director of Ecolab Inc. (ECL), was granted 130.18 shares on June 30, 2026 as an award (transaction code A). The reported acquisition price was $0.00, so the immediate cash value recorded in the Form 4 is $0.00. The grant includes 1.18 shares credited under a dividend reinvestment feature of Ecolab’s 2001 Non‑Employee Director Stock Option and Deferred Compensation Plan.

Key Details

• Transaction date and price: June 30, 2026; 130.18 shares at $0.00 per share (total $0.00).
• Shares owned after transaction: Not specified in the provided report.
• Footnote: Includes 1.18 shares acquired via dividend reinvestment under the Ecolab Inc. 2001 Non-Employee Director Stock Option and Deferred Compensation Plan.
• Filing date: Form 4 filed July 2, 2026 — appears to be within the normal two‑business‑day reporting window for insiders.

Context
This was an awarded grant to a non-employee director as part of director compensation, not an open-market purchase or sale. Such awards are routine and reflect compensation arrangements rather than an opportunistic market purchase; they don’t necessarily signal the director’s private view on the company’s stock. Transaction code A indicates a grant/award/acquisition rather than an exercise, sale, or gift.