NOWELL LIONEL L III 4

What Happened

• Lionel L. Nowell III, a director of Ecolab Inc. (ECL), was granted/received 137.82 shares on 2026-03-31. The shares were reported as acquired at $0.00 (code A — award/grant/other acquisition). The filing lists the acquisition value as $0; market value at grant was not provided in the filing excerpt.

Key Details

• Transaction date: 2026-03-31; filing date: 2026-04-02 (appears timely).
• Shares acquired: 137.82 shares at $0.00 per share (reported acquisition).
• Footnote: 16.67 of the shares were acquired pursuant to dividend reinvestment under the Ecolab Inc. 2001 Non‑Employee Director Stock Option and Deferred Compensation Plan.
• Shares owned after the transaction: not disclosed in the provided filing excerpt.
• Transaction type: Award/grant (not an open-market purchase or sale).

Context

• This appears to be a routine director compensation award and dividend reinvestment rather than an open-market trade. Such grants are common for non-employee directors and do not by themselves indicate the insider’s buying/selling sentiment.