FolioLanternBeta
ECLEcolab · Insider ownership research

Ecolab insiders sold $27.1M in the past 12 months. How much of their stake is that?

About 8.8% overall. As a group they ended with more shares than they started with.

Updated Oct 9, 2026 from SEC filings · covers Oct 10, 2025 to Oct 9, 2026
How this comparesMore of their stake sold than at 323 of the 490 other companies we can measure (#168 of 491)See ranking
4
buyers among officers and directors (7 trades), past 12 months
0%
of sales were under disclosed trading plans, past 12 months
10 of 26
officers and directors sold shares, past 12 months
Recent activity · past 30 days, Sep 10, 2026 to Oct 9, 2026
Sep 11, 2026Eric Green bought 3.7K shares ($1.0M). The total stake went from 4.2K to 7.9K shares that day.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Eric Green
Director
3,690$276.64n/a7.9KSep 11, 2026Sep 14, 2026

"% of total stake" is the shares in this event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings don't reconcile, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.

Is this normal? Less than usual: about two-thirds of the 5-year average. 10 insiders sold; the average is 9 a year. Year by year
Latest filing: Filed Oct 2 for a stock award on Sep 30. Eric Green received an award of 276 shares. Filing
110 SEC ownership filings in the period · See the evidence

What stands out

Darrell Brown sold 36% of vested holdings: 10K shares for $2.6M, none under a disclosed plan.Largest sale, Jun 9, 2026
Three officers sold $22.1M with no disclosed plan: Christophe Beck ($16.8M), Nicholas Alfano ($2.9M) and Gregory Cook ($2.4M). The filings don't state a reason.Christophe Beck: largest such sale, Feb 24, 2026 · Nicholas Alfano: largest such sale, Feb 17, 2026 · Gregory Cook: largest such sale, Aug 11, 2026
Four insiders bought shares: Michel Doukeris (7.8K shares, $2.0M), Eric Green (3.7K shares, $1.0M) and David MacLennan (2.5K shares, $649K), plus 1 more.Michel Doukeris: purchase, Jun 10, 2026 · Eric Green: purchase, Sep 11, 2026 · David MacLennan: purchase, May 13, 2026

Percentages cover 21 of 26 officers and directors. 5 are left out

i
Left out: Christophe Beck, Gregory Cook and Jennifer Bradway (most of their shares vested during the period, so a percentage would mislead); Nicholas Alfano (holdings couldn't be fully reconciled); Harpreet Saluja (held no vested shares at the start).
Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Each bar is 100% of that person's own stake; not comparable between people. The stake is the vested shares held at the start of the period (Oct 9, 2025); the gold part is what they sold.

SoldRest of starting stakeAdded during the period
Christophe Beck
Chairman, President & CEO, Director
Sold $16.8M (plan status beside the amount). That is 44% of the shares held or received (after tax withholding) during the period†. A share of the starting stake is not shown: most of these shares arrived during the period. Why
$16.8MNo plan disclosed
Nicholas Alfano
EVP & Pres - Global Water
Sold $2.9M (plan status beside the amount). Share of stake not shown: holdings couldn't be fully reconciled. Why
$2.9MNo plan disclosed
Darrell Brown
Co-COO - Global Markets
Sold 36%, but 10K shares were added (mostly vesting), so the stake grew
36% · $2.6MNo plan disclosed
Gregory Cook
Co-COO - Global Businesses
Sold $2.4M (plan status beside the amount). That is 35% of the shares held or received (after tax withholding) during the period†. A share of the starting stake is not shown: most of these shares arrived during the period. Why
$2.4MNo plan disclosed
Scott Kirkland
Chief Financial Officer
Sold 26%, but 4K shares were added (mostly vesting), so the stake grew
26% · $930KNo plan disclosed
All 10 sellers

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

No plan disclosedOne dollar scale for every month; the tallest bar is labeled
OctNov 2025: $6.1M no plan disclosedNovDecJanFeb 2026: $11.0M no plan disclosed$11.0MFebMarAprMay 2026: $266K no plan disclosedMayJun 2026: $2.6M no plan disclosedJunJul 2026: $930K no plan disclosedJulAug 2026: $6.3M no plan disclosedAugSepOct

Common questions

Is the Ecolab CEO selling stock?

Yes. Christophe Beck sold 60K shares ($16.8M) in the past 12 months, none of it under a trading plan disclosed in the filings.

Why are Ecolab insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 0% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 100% had no disclosed plan. A trading plan schedules sales in advance.

Are any Ecolab insiders buying?

Yes. 4 officers or directors reported 7 purchases in the past 12 months (Form 4 code P, which includes private purchases).

How much of their stake did Ecolab insiders sell?

About 8.8% overall. As a group they ended with more shares than they started with. That covers the 12 months to Oct 9, 2026 and counts vested shares reported on SEC Forms 3, 4 and 5, which is not an insider's whole wealth.

The evidence

Who sold10 officers and directors: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
Christophe Beck
Chairman, President & CEO, Director
$16.8M
60K shares
44%†
i
† Most of the shares Christophe Beck sold arrived during the period, so this is shares sold as a share of the 73K held at the start plus the 72K received, less 11K withheld by the company for taxes.
No plan disclosed
Nicholas Alfano
EVP & Pres - Global Water
$2.9M
9.5K shares
i
No percentage: holdings couldn't be fully reconciled.
No plan disclosed
Darrell Brown
Co-COO - Global Markets
$2.6M
10K shares
36%No plan disclosed
Gregory Cook
Co-COO - Global Businesses
$2.4M
8.1K shares
35%†
i
† Most of the shares Gregory Cook sold arrived during the period, so this is shares sold as a share of the 13K held at the start plus the 16K received, less 4.9K withheld by the company for taxes.
No plan disclosed
Scott Kirkland
Chief Financial Officer
$930K
3.4K shares
26%No plan disclosed
Tracy McKibben
Director
$390K
1.3K shares
12%No plan disclosed
Alexander De Boo
EVP & Pres - Global Markets
$381K
1.4K shares
28%No plan disclosed
Victoria Reich
Director
$301K
1K shares
4.0%No plan disclosed
Suzanne Vautrinot
Director
$266K
1K shares
8.8%No plan disclosed
Jennifer Bradway
SVP & Corporate Controller
$185K
613 shares
6%†
i
† Most of the shares Jennifer Bradway sold arrived during the period, so this is shares sold as a share of the 4.3K held at the start plus the 9.4K received, less 3.5K withheld by the company for taxes.
No plan disclosed
The full ownership picture25 of 26 insiders fully reconciled · 26 officers and directors

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Oct 9, 2025SoldHeld Oct 9, 2026Still held
Christophe Beck
i
Minor difference of 104 shares. Difference is under 0.5% of holdings. New Form 3 filed 2012-09-28; earlier filings set aside.
Chairman, President & CEO, Director
73K−60K75Knot meaningful
Vesting, gifts, unvested awards and holding lines for Christophe Beck
+47Kshares vested or exercised
0gifted (net of own trusts)
−11Kwithheld by the company for taxes
none reportedunvested awards, start → end
  • New Form 3 filed 2012-09-28; earlier filings set aside.
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock71,28772,932
Ecolab Savings PlanCommon Stock1,6511,755

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
80,342$191.03Dec 6, 2033$6.9M
59,900$247.50Dec 4, 2034$1.8M
23,071$119.12Dec 2, 2025$3.6M
64,954$268.51Dec 3, 2035$570K

Estimate: options held × ($277.29 − strike price), using the most recent insider trade price on Form 4 (Sep 11, 2026), not a market close.

Reconciliation: minor difference of 104 shares. Difference is under 0.5% of holdings.

John Zillmer
i
Minor difference of 166 shares. Difference is under 0.5% of holdings.
Director
47K050Kno sales
Vesting, gifts, unvested awards and holding lines for John Zillmer
+2.3Kshares vested or exercised
0gifted (net of own trusts)
−879withheld by the company for taxes
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock47,42649,540

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
934$228.25May 6, 2034$46K
810$255.75May 12, 2035$17K
732$247.70May 15, 2036$22K

Estimate: options held × ($277.29 − strike price), using the most recent insider trade price on Form 4 (Sep 11, 2026), not a market close.

Reconciliation: minor difference of 166 shares. Difference is under 0.5% of holdings.

Darrell Brown
Co-COO - Global Markets
28K−10K33K+19%
Vesting, gifts, unvested awards and holding lines for Darrell Brown
+10Kshares vested or exercised
0gifted (net of own trusts)
−3.3Kwithheld by the company for taxes
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock27,52932,733

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
24,103$191.03Dec 6, 2033$2.1M
16,544$247.50Dec 4, 2034$493K
16,780$268.51Dec 3, 2035$147K

Estimate: options held × ($277.29 − strike price), using the most recent insider trade price on Form 4 (Sep 11, 2026), not a market close.

Victoria Reich
i
Minor difference of 120 shares. Difference is under 0.5% of holdings. Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Director
25K−1K25K+1.5%
Vesting, gifts, unvested awards and holding lines for Victoria Reich
+1Kshares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock24,99125,377

Additional holdings last reported Jun 30, 2016, not confirmed since: 1,000 shares. Not included in any total or percentage on this page.

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
934$228.25May 6, 2034$46K
810$255.75May 12, 2035$17K

Estimate: options held × ($277.29 − strike price), using the most recent insider trade price on Form 4 (Sep 11, 2026), not a market close.

Reconciliation: minor difference of 120 shares. Difference is under 0.5% of holdings.

David MacLennan
i
Minor difference of 78 shares. Difference is under 0.5% of holdings. Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Director
25K030Kno sales
Vesting, gifts, unvested awards and holding lines for David MacLennan
+3.3Kshares vested or exercised
0gifted (net of own trusts)
−1.5Kwithheld by the company for taxes
none reportedunvested awards, start → end
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock20,43625,625
Kathleen F. MacLennan Revocable Trust u/a dated 11/07/2002Common Stock3,5003,500
sibling's trustsCommon Stock709709

Additional holdings last reported Sep 30, 2020, not confirmed since: 7,035 shares. Not included in any total or percentage on this page.

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
934$228.25May 6, 2034$46K
810$255.75May 12, 2035$17K
3,300$115.08May 5, 2026$535K
732$247.70May 15, 2036$22K

Estimate: options held × ($277.29 − strike price), using the most recent insider trade price on Form 4 (Sep 11, 2026), not a market close.

Reconciliation: minor difference of 78 shares. Difference is under 0.5% of holdings.

Michael Larson
i
Minor difference of 109 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.
Director
17K019Kno sales
Vesting, gifts, unvested awards and holding lines for Michael Larson
+2.3Kshares vested or exercised
0gifted (net of own trusts)
−1Kwithheld by the company for taxes
none reportedunvested awards, start → end
  • Unexplained small increases, consistent with stock unit vesting or reinvested dividends.
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock17,39619,326

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
934$228.25May 6, 2034$46K
810$255.75May 12, 2035$17K
732$247.70May 15, 2036$22K

Estimate: options held × ($277.29 − strike price), using the most recent insider trade price on Form 4 (Sep 11, 2026), not a market close.

Reconciliation: minor difference of 109 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Scott Kirkland
i
Minor difference of 42 shares. Difference is under 0.5% of holdings.
Chief Financial Officer
13K−3.4K19K+47%
Vesting, gifts, unvested awards and holding lines for Scott Kirkland
+4Kshares vested or exercised
−404gifted (net of own trusts)
−4Kwithheld by the company for taxes
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock11,53017,524
Ecolab Savings PlanCommon Stock1,4351,477

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
23,210$191.03Dec 6, 2033$2.0M
15,973$247.50Dec 4, 2034$476K
15,697$268.51Dec 3, 2035$138K

Estimate: options held × ($277.29 − strike price), using the most recent insider trade price on Form 4 (Sep 11, 2026), not a market close.

Reconciliation: minor difference of 42 shares. Difference is under 0.5% of holdings.

Gregory Cook
i
Minor difference of 109 shares. Small increase from a 401(k) plan. Small increase from a 401(k) plan.
Co-COO - Global Businesses
13K−8.1K15Knot meaningful
Vesting, gifts, unvested awards and holding lines for Gregory Cook
+12Kshares vested or exercised
0gifted (net of own trusts)
−4.9Kwithheld by the company for taxes
8.4K → 0unvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock9,07011,673
Ecolab Savings PlanCommon Stock3,5163,625

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
11,605$191.03Dec 6, 2033$1.0M
8,272$247.50Dec 4, 2034$246K
8,661$268.51Dec 3, 2035$76K

Estimate: options held × ($277.29 − strike price), using the most recent insider trade price on Form 4 (Sep 11, 2026), not a market close.

Reconciliation: minor difference of 109 shares. Small increase from a 401(k) plan.

Suzanne Vautrinot
i
Minor difference of 90 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.
Director
11K−1K12K+5.4%
Vesting, gifts, unvested awards and holding lines for Suzanne Vautrinot
+2Kshares vested or exercised
0gifted (net of own trusts)
−996withheld by the company for taxes
none reportedunvested awards, start → end
  • Unexplained small increases, consistent with stock unit vesting or reinvested dividends.
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock11,34311,960

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
934$228.25May 6, 2034$46K
810$255.75May 12, 2035$17K
732$247.70May 15, 2036$22K

Estimate: options held × ($277.29 − strike price), using the most recent insider trade price on Form 4 (Sep 11, 2026), not a market close.

Reconciliation: minor difference of 90 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Tracy McKibben
i
Minor difference of 82 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.
Director
10K−1.3K12K+16%
Vesting, gifts, unvested awards and holding lines for Tracy McKibben
+2.3Kshares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Unexplained small increases, consistent with stock unit vesting or reinvested dividends.
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock10,17611,821

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
934$228.25May 6, 2034$46K
810$255.75May 12, 2035$17K
732$247.70May 15, 2036$22K

Estimate: options held × ($277.29 − strike price), using the most recent insider trade price on Form 4 (Sep 11, 2026), not a market close.

Reconciliation: minor difference of 82 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Shari Ballard
i
Minor difference of 94 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.
Director
8.8K010Kno sales
Vesting, gifts, unvested awards and holding lines for Shari Ballard
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Unexplained small increases, consistent with stock unit vesting or reinvested dividends.
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock8,8259,973

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
934$228.25May 6, 2034$46K
810$255.75May 12, 2035$17K
732$247.70May 15, 2036$22K

Estimate: options held × ($277.29 − strike price), using the most recent insider trade price on Form 4 (Sep 11, 2026), not a market close.

Reconciliation: minor difference of 94 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Nicholas Alfano
!
Holdings couldn't be fully reconciled. A footnote describes a transfer or distribution between related entities, but the amounts could not be matched to the balance change. Largest: -1,769.684 shares on Dec 3, 2025 (Ecolab Savings Plan). See the filing Sales and other transactions for Nicholas Alfano are complete.
EVP & Pres - Global Water
n/a−9.5Kn/an/a
Vesting, gifts, unvested awards and holding lines for Nicholas Alfano
+9.5Kshares vested or exercised
0gifted (net of own trusts)
−975withheld by the company for taxes
none reportedunvested awards, start → end

Holdings couldn't be fully reconciled. A footnote describes a transfer or distribution between related entities, but the amounts could not be matched to the balance change. Largest: -1,769.684 shares on Dec 3, 2025 (Ecolab Savings Plan). The balances below are as reported, not verified totals.

Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock4,7085,948
Ecolab Savings PlanCommon Stock3,2471,481

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
11,605$191.03Dec 6, 2033$1.0M
7,987$247.50Dec 4, 2034$238K
8,119$268.51Dec 3, 2035$71K

Estimate: options held × ($277.29 − strike price), using the most recent insider trade price on Form 4 (Sep 11, 2026), not a market close.

Lionel Nowell III
i
Minor difference of 67 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.
Director
6.3K06.9Kno sales
Vesting, gifts, unvested awards and holding lines for Lionel Nowell III
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Unexplained small increases, consistent with stock unit vesting or reinvested dividends.
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock6,3286,922

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
934$228.25May 6, 2034$46K
810$255.75May 12, 2035$17K
732$247.70May 15, 2036$22K

Estimate: options held × ($277.29 − strike price), using the most recent insider trade price on Form 4 (Sep 11, 2026), not a market close.

Reconciliation: minor difference of 67 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Alexander De Boo
EVP & Pres - Global Markets
5K−1.4K8K+60%
Vesting, gifts, unvested awards and holding lines for Alexander De Boo
+2.2Kshares vested or exercised
0gifted (net of own trusts)
−126withheld by the company for taxes
2.1K → 2.1Kunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock4,9957,971

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
8,927$191.03Dec 6, 2033$770K
5,990$247.50Dec 4, 2034$178K
4,872$268.51Dec 3, 2035$43K

Estimate: options held × ($277.29 − strike price), using the most recent insider trade price on Form 4 (Sep 11, 2026), not a market close.

Jennifer Bradway
i
Minor difference of 76 shares. Footnote reports an exempt acquisition without its size; amount derived from the balance change. Exempt acquisition noted in a footnote; amount derived from the balance change.
SVP & Corporate Controller
4.3K−6139.6Knot meaningful
Vesting, gifts, unvested awards and holding lines for Jennifer Bradway
+7.4Kshares vested or exercised
0gifted (net of own trusts)
−3.5Kwithheld by the company for taxes
6.5K → 0unvested awards, start → end
  • Exempt acquisition noted in a footnote; amount derived from the balance change.
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock4,3269,603

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
4,910$191.03Dec 6, 2033$424K
3,708$247.50Dec 4, 2034$110K
4,060$268.51Dec 3, 2035$36K

Estimate: options held × ($277.29 − strike price), using the most recent insider trade price on Form 4 (Sep 11, 2026), not a market close.

Reconciliation: minor difference of 76 shares. Footnote reports an exempt acquisition without its size; amount derived from the balance change.

Eric Green
i
Minor difference of 37 shares. Difference is under 0.5% of holdings.
Director
3.4K08.2Kno sales
Vesting, gifts, unvested awards and holding lines for Eric Green
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock3,4028,234

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
934$228.25May 6, 2034$46K
810$255.75May 12, 2035$17K
732$247.70May 15, 2036$22K

Estimate: options held × ($277.29 − strike price), using the most recent insider trade price on Form 4 (Sep 11, 2026), not a market close.

Reconciliation: minor difference of 37 shares. Difference is under 0.5% of holdings.

Bryce Mewhorter
i
Started reporting during the period; starting holdings are from the Form 3.
SVP & Corporate Controller
1.7K01.7Kno sales
Vesting, gifts, unvested awards and holding lines for Bryce Mewhorter
0shares vested or exercised
0gifted (net of own trusts)
2.9K → 2.9Kunvested awards, start → end
  • Started reporting during the period; starting holdings are from the Form 3.
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock1,4501,450
Ecolab Savings PlanCommon Stock293293

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
2,511$158.51Dec 4, 2028$298K
2,179$184.39Dec 3, 2029$202K
2,256$221.41Dec 3, 2030$126K
2,510$223.78Dec 1, 2031$134K
4,235$148.50Dec 7, 2032$545K
2,678$191.03Dec 6, 2033$231K
1,997$247.50Dec 4, 2034$60K
2,300$268.51Dec 3, 2035$20K

Estimate: options held × ($277.29 − strike price), using the most recent insider trade price on Form 4 (Sep 11, 2026), not a market close.

Judson Althoff
i
Minor difference of 10 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.
Director
87001.4Kno sales
Vesting, gifts, unvested awards and holding lines for Judson Althoff
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Unexplained small increases, consistent with stock unit vesting or reinvested dividends.
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock8701,407

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
934$228.25May 6, 2034$46K
177$228.25May 6, 2034$9K
810$255.75May 12, 2035$17K
732$247.70May 15, 2036$22K

Estimate: options held × ($277.29 − strike price), using the most recent insider trade price on Form 4 (Sep 11, 2026), not a market close.

Reconciliation: minor difference of 10 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Jandeen Boone
EVP, GC & Secretary
5520944no sales
Vesting, gifts, unvested awards and holding lines for Jandeen Boone
0shares vested or exercised
0gifted (net of own trusts)
−201withheld by the company for taxes
1.8K → 1.8Kunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock552944

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
777$137.09Dec 6, 2027$109K
611$158.51Dec 4, 2028$73K
523$184.39Dec 3, 2029$49K
508$221.41Dec 3, 2030$28K
552$223.78Dec 1, 2031$30K
2,470$148.50Dec 7, 2032$318K
1,562$191.03Dec 6, 2033$135K
5,134$247.50Dec 4, 2034$153K
5,954$268.51Dec 3, 2035$52K

Estimate: options held × ($277.29 − strike price), using the most recent insider trade price on Form 4 (Sep 11, 2026), not a market close.

Michel Doukeris
i
Minor difference of 4 shares. Difference is under 0.5% of holdings.
Director
30908.6Kno sales
Vesting, gifts, unvested awards and holding lines for Michel Doukeris
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock3098,590

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
810$255.75May 12, 2035$17K
154$255.75May 12, 2035$3K
732$247.70May 15, 2036$22K

Estimate: options held × ($277.29 − strike price), using the most recent insider trade price on Form 4 (Sep 11, 2026), not a market close.

Reconciliation: minor difference of 4 shares. Difference is under 0.5% of holdings.

Marion Gross
i
Minor difference of 3 shares. Difference is under 0.5% of holdings.
Director
1990730no sales
Vesting, gifts, unvested awards and holding lines for Marion Gross
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock199730

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
810$255.75May 12, 2035$17K
732$247.70May 15, 2036$22K

Estimate: options held × ($277.29 − strike price), using the most recent insider trade price on Form 4 (Sep 11, 2026), not a market close.

Reconciliation: minor difference of 3 shares. Difference is under 0.5% of holdings.

Alexandra Hlila
EVP & Gm - Global Pest
850379no sales
Vesting, gifts, unvested awards and holding lines for Alexandra Hlila
0shares vested or exercised
0gifted (net of own trusts)
−215withheld by the company for taxes
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock85379

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
251$223.78Dec 1, 2031$13K
1,412$148.50Dec 7, 2032$182K
3,993$247.50Dec 4, 2034$119K
4,330$268.51Dec 3, 2035$38K

Estimate: options held × ($277.29 − strike price), using the most recent insider trade price on Form 4 (Sep 11, 2026), not a market close.

Benjamin Clark
i
Minor difference of 2 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).
EVP - Global Supply Chain
8101.1Kno sales
Vesting, gifts, unvested awards and holding lines for Benjamin Clark
0shares vested or exercised
0gifted (net of own trusts)
8.8K → 8.8Kunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock811,083

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
1,786$191.03Dec 6, 2033$154K
1,711$247.50Dec 4, 2024$51K
4,872$268.51Dec 3, 2035$43K

Estimate: options held × ($277.29 − strike price), using the most recent insider trade price on Form 4 (Sep 11, 2026), not a market close.

Reconciliation: minor difference of 2 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Julie Whalen
i
Minor difference of 2 shares. Difference is under 0.5% of holdings.
Director
750604no sales
Vesting, gifts, unvested awards and holding lines for Julie Whalen
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock75604

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
732$247.70May 15, 2036$22K
537$247.70May 15, 2036$16K

Estimate: options held × ($277.29 − strike price), using the most recent insider trade price on Form 4 (Sep 11, 2026), not a market close.

Reconciliation: minor difference of 2 shares. Difference is under 0.5% of holdings.

Margeaux King
EVP - Human Resources
1201.1Kno sales
Vesting, gifts, unvested awards and holding lines for Margeaux King
+1.7Kshares vested or exercised
0gifted (net of own trusts)
−527withheld by the company for taxes
5K → 8.3Kunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock121,147

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
5,938$266.10Apr 25, 2035$66K
6,495$268.51Dec 3, 2035$57K

Estimate: options held × ($277.29 − strike price), using the most recent insider trade price on Form 4 (Sep 11, 2026), not a market close.

Harpreet Saluja
EVP - Corp Strat & Bus Dev
00924no sales
Vesting, gifts, unvested awards and holding lines for Harpreet Saluja
+1.3Kshares vested or exercised
0gifted (net of own trusts)
−407withheld by the company for taxes
4K → 2.7Kunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock0924

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
5,705$247.50Dec 4, 2034$170K
5,954$268.51Dec 3, 2035$52K

Estimate: options held × ($277.29 − strike price), using the most recent insider trade price on Form 4 (Sep 11, 2026), not a market close.

25 of 26 insiders fully reconciled: starting holdings plus reported transactions match ending holdings (7 exactly, 18 with a minor or footnoted difference). For 1 we show sales but not holdings; the ! icon on that row explains why. Percentages cover 21 of 26 officers and directors. Left out: Christophe Beck, Gregory Cook and Jennifer Bradway (most of their shares vested during the period, so a percentage would mislead); Nicholas Alfano (holdings couldn't be fully reconciled); Harpreet Saluja (held no vested shares at the start). "Still held" compares ending with starting vested shares; a plus sign means the holding grew.

What explains the selling$27.1M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $27.1M across 95,824 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

No plan disclosed · $27.1M

Sales with no 10b5-1 plan and no tax reference in the filing. $16.8M of it is Christophe Beck. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: Christophe Beck, Feb 24, 2026

Taxes

33,530 shares ($9.8M) were withheld by the company for taxes, which isn't a market sale.

Purchases · 4 buyers (7 trades)

4 officers and directors bought shares in this period, in 7 trades(Form 4 code P). Across all their filings on record there are 24 purchase trades.

Charitable gifts · 404 shares

Gifts the filings describe as charitable. Gifts are not sales and are not included in the sale totals.

SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
Christophe Beck
Chairman, President & CEO, Director
60K$16.8M0%62%Nov 12, 2025 to Aug 18, 2026
Nicholas Alfano
EVP & Pres - Global Water
9.5K$2.9M0%11%Feb 17, 2026 to Feb 17, 2026
Darrell Brown
Co-COO - Global Markets
10K$2.6M0%10%Jun 9, 2026 to Jun 9, 2026
Gregory Cook
Co-COO - Global Businesses
8.1K$2.4M0%9%Feb 26, 2026 to Aug 11, 2026
Scott Kirkland
Chief Financial Officer
3.4K$930K0%3%Jul 30, 2026 to Jul 30, 2026
Tracy McKibben
Director
1.3K$390K0%1%Feb 25, 2026 to Feb 25, 2026
Alexander De Boo
EVP & Pres - Global Markets
1.4K$381K0%1%Nov 24, 2025 to Nov 24, 2025
Victoria Reich
Director
1K$301K0%1%Feb 13, 2026 to Feb 13, 2026
Suzanne Vautrinot
Director
1K$266K0%1.0%May 27, 2026 to May 27, 2026
Jennifer Bradway
SVP & Corporate Controller
613$185K0%0.7%Feb 13, 2026 to Feb 13, 2026

Sales by month

MonthSale proceedsDisclosed planTo cover taxesNo plan disclosed
Oct 2025$0$0$0$0
Nov 2025$6.1M$0$0$6.1M
Dec 2025$0$0$0$0
Jan 2026$0$0$0$0
Feb 2026$11.0M$0$0$11.0M
Mar 2026$0$0$0$0
Apr 2026$0$0$0$0
May 2026$266K$0$0$266K
Jun 2026$2.6M$0$0$2.6M
Jul 2026$930K$0$0$930K
Aug 2026$6.3M$0$0$6.3M
Sep 2026$0$0$0$0
Oct 2026$0$0$0$0
Is this normal? Selling year by year5 earlier years to compare with

Less than usual: about two-thirds of the 5-year average. 10 insiders sold; the average is 9 a year.

12 months endingShares soldInsiders who soldProceeds
Oct 9, 2026
Latest 12 months
96K10$27.1M
Oct 9, 2025
1 year earlier
61K11$15.6M
Oct 9, 2024
2 years earlier
50K7$10.7M
Oct 10, 2023
3 years earlier
71K6$12.6M
Oct 10, 2022
4 years earlier
79K8$17.5M
Oct 10, 2021
5 years earlier
497K14$110M

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertainty1 insider whose holdings couldn't be fully reconciled

Nicholas Alfano: holdings couldn't be fully reconciled (difference of -1,752 shares). A footnote describes a transfer or distribution between related entities, but the amounts could not be matched to the balance change. Largest: -1,769.684 shares on Dec 3, 2025 (Ecolab Savings Plan). Filing, Dec 3, 2025

Footnote: "Number of UNITS in the Ecolab Stock Fund of the Ecolab Savings Plan (401(k) Plan) as of November 30, 2025. Includes 12.533 UNITS acquired since the reporting person's last report. Since the last report, the reporting person transferred 3,265.492 SHARES (equivalent to 1,782.217 UNITS) to his ex-spouse pursuant to a domestic relations order. The reporting person no longer reports as beneficially owned any securities owned by his ex-spouse. (The 1,477.031 UNITS are the equivalent of approximately 2,710 SHARES of the issuer's Common Stock.)"

Christophe Beck: minor difference of 104 shares. Difference is under 0.5% of holdings.

John Zillmer: minor difference of 166 shares. Difference is under 0.5% of holdings.

Victoria Reich: minor difference of 120 shares. Difference is under 0.5% of holdings.

David MacLennan: minor difference of 78 shares. Difference is under 0.5% of holdings.

Michael Larson: minor difference of 109 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Scott Kirkland: minor difference of 42 shares. Difference is under 0.5% of holdings.

Gregory Cook: minor difference of 109 shares. Small increase from a 401(k) plan.

Suzanne Vautrinot: minor difference of 90 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Tracy McKibben: minor difference of 82 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Shari Ballard: minor difference of 94 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Lionel Nowell III: minor difference of 67 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Jennifer Bradway: minor difference of 76 shares. Footnote reports an exempt acquisition without its size; amount derived from the balance change.

Eric Green: minor difference of 37 shares. Difference is under 0.5% of holdings.

Judson Althoff: minor difference of 10 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Michel Doukeris: minor difference of 4 shares. Difference is under 0.5% of holdings.

Marion Gross: minor difference of 3 shares. Difference is under 0.5% of holdings.

Benjamin Clark: minor difference of 2 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Julie Whalen: minor difference of 2 shares. Difference is under 0.5% of holdings.

Inferred rename: "Julie M. Baker 2012 Irrevocable Trust" is treated as the same holder as "Julie M. Baker 2012 Revocable Trust", because the old name was never reported again and the new one opened with the same balance (72,850 shares). Old name, new name

Inferred rename: "GRAT No. 2" is treated as the same holder as "2015 GRAT", because the old name was never reported again and the new one opened with the same balance (27,675 shares). Old name, new name

Inferred rename: "Kathleen MacLennan Revocable Trust u/a, dated 11/02/2002" is treated as the same holder as "Kathleen MacLennan Trust u/a dated 11/02/2002", because the old name was never reported again and the new one opened with the same balance (800 shares). Old name, new name

Inferred rename: "Kathleen MacLennan Trust u/a dated 11/02/2002" is treated as the same holder as "Kathleen McLennan Revocable Trust u/a dated 11/07/2002", because the old name was never reported again and the new one opened with the same balance (1,550 shares). Old name, new name

Inferred rename: "Kathleen McLennan Revocable Trust u/a dated 11/07/2002" is treated as the same holder as "Kathleen F. MacLennan Revocable Trust u/a dated 11/07/2002", because the old name was never reported again and the new one opened with the same balance (2,000 shares). Old name, new name

Inferred typo: the share class "Common Stcok" is treated as the same class as "Common Stock" on 1 holding line, because the two spellings are nearly identical and each balance carried over exactly. Example (Daniel Schmechel, 3,500 shares): old title, new title

Inferred typo: the share class "Commn Stock" is treated as the same class as "Common Stock" on 2 holding lines, because the two spellings are nearly identical and each balance carried over exactly. Example (Thomas Handley, 41,063 shares): old title, new title

Inferred typo: the share class "Common StTock" is treated as the same class as "Common Stock" on 1 holding line, because the two spellings are nearly identical and each balance carried over exactly. Example (Angela Busch, 19,034 shares): old title, new title

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology2,644 filings from SEC EDGAR, and how we read them

All 2,644 Forms 3, 4 and 5 filed for Ecolab (SEC CIK 31462) from Nov 10, 1999 to Oct 2, 2026, retrieved from SEC EDGAR on Oct 9, 2026. Prices are the ones reported in each filing, often weighted averages. 2 filings were left out because Ecolab filed them as an owner of another company's stock. 26 older filings exist only on paper and could not be read.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (75)No filing in 18 months; last reported balances, not in any total
NameLast filedLast reported balance
Arthur HigginsApr 2, 202526,866 shares, last reported balance as of Mar 31, 2025
Larry BergerFeb 27, 202517,461 shares, last reported balance as of Feb 26, 2025
Laurie MarshFeb 21, 202525,810 shares, last reported balance as of Feb 19, 2025
Machiel DuijserFeb 21, 20255,601 shares, last reported balance as of Feb 19, 2025
William Gates IIINov 22, 202460,049,424 shares, last reported balance as of Nov 22, 2024
Barbara BeckApr 2, 202432,849 shares, last reported balance as of Mar 31, 2024
Angela BuschMar 19, 202416,888 shares, last reported balance as of Mar 15, 2024
Nicolas GranucciFeb 27, 20246,343 shares, last reported balance as of Feb 25, 2024
Gail PetersonFeb 23, 20242,530 shares, last reported balance as of Feb 21, 2024
Gergely SvedFeb 23, 20241,477 shares, last reported balance as of Feb 21, 2024
Lanesha MinnixDec 8, 20231,866 shares, last reported balance as of Dec 6, 2023
Jeffrey EttingerMay 5, 202320,063 shares, last reported balance as of May 4, 2023
Michael McCormickAug 17, 202247,067 shares, last reported balance as of Aug 15, 2022
Timothy MulhereMay 4, 202269,530 shares, last reported balance as of May 2, 2022
Douglas Baker Jr.Feb 25, 2022851,786 shares, last reported balance as of Feb 23, 2022
Elizabeth SimermeyerFeb 25, 202210,504 shares, last reported balance as of Feb 23, 2022
Daniel SchmechelJan 25, 2022205,803 shares, last reported balance as of Dec 22, 2021
Jill WyantMar 16, 202116,507 shares, last reported balance as of Mar 12, 2021
Jerome ChartonMar 11, 20211,643 shares, last reported balance as of Mar 9, 2021
Roberto InchausteguiJun 12, 202030,427 shares, last reported balance as of May 18, 2020
Deric BryantJun 5, 20203,434 shares, last reported balance as of Feb 26, 2020
Leslie BillerApr 2, 202059,298 shares, last reported balance as of Mar 31, 2020
Thomas HandleyFeb 12, 2020126,227 shares, last reported balance as of Jun 17, 2019
Alex BlancoDec 5, 20198,025 shares, last reported balance as of Dec 3, 2019
Bruno LavandierJun 14, 20197,543 shares, last reported balance as of May 7, 2019
Michael HickeyJun 7, 201934,989 shares, last reported balance as of Jun 5, 2019
Stephen ChazenApr 2, 201912,634 shares, last reported balance as of Mar 31, 2019
Carl CasaleJul 3, 201812,519 shares, last reported balance as of Jun 30, 2018
Stephen TaylorDec 8, 201747,798 shares, last reported balance as of Dec 6, 2017
Jerry GrundhoferApr 4, 201751,194 shares, last reported balance as of Mar 31, 2017
Jerry LevinApr 4, 201732,821 shares, last reported balance as of Mar 31, 2017
James SeifertFeb 24, 201723,921 shares, last reported balance as of Feb 22, 2017
Bryan HughesFeb 24, 20178,469 shares, last reported balance as of Feb 22, 2017
Robert LumpkinsApr 1, 2016181,147 shares, last reported balance as of Mar 31, 2016
Joel JohnsonApr 1, 201689,438 shares, last reported balance as of Mar 31, 2016
Martha AronsonAug 4, 20157,938 shares, last reported balance as of Aug 1, 2015
Mary VanDeWegheApr 2, 201412,901 shares, last reported balance as of Mar 31, 2014
John CorkreanFeb 28, 201416,043 shares, last reported balance as of Feb 26, 2014
Michael MeyerAug 5, 201319,164 shares, last reported balance as of Aug 2, 2013
Christopher OHaraApr 2, 20134,044 shares, last reported balance as of Mar 31, 2013
Daniel SandersApr 2, 201347,339 shares, last reported balance as of Mar 31, 2013
Steven FritzeFeb 1, 2013188,036 shares, last reported balance as of Dec 31, 2012
James MillerAug 24, 201225,474 shares, last reported balance as of Aug 23, 2012
Phillip MasonJun 8, 201226,457 shares, last reported balance as of Jun 8, 2012
David FlitmanMay 10, 201228,591 shares, last reported balance as of May 1, 2012
Greg TempleMay 7, 201223,807 shares, last reported balance as of May 4, 2012
Paul NorrisApr 3, 20127,537 shares, last reported balance as of Mar 31, 2012
Erik FyrwaldMar 1, 2012191,748 shares, last reported balance as of Feb 28, 2012
Susan NestegardJan 25, 201228,874 shares, last reported balance as of Jan 23, 2012
BILL & MELINDA GATES FOUNDATION TRUSTAug 25, 20114,366,425 shares, last reported balance as of Aug 23, 2011
Robert TabbDec 3, 2010669 shares, last reported balance as of Dec 1, 2010
James WhiteDec 3, 2010397 shares, last reported balance as of Dec 1, 2010
Robert GiffordMay 12, 201019,279 shares, last reported balance as of May 10, 2010
Beth PritchardMay 3, 201017,740 shares, last reported balance as of Apr 30, 2010
Richard De SchutterApr 20, 201010,500 shares, last reported balance as of Apr 19, 2010
Lawrence BellFeb 1, 2010123,153 shares, last reported balance as of Dec 11, 2009
Henkel CORPDec 3, 200829,333,328 shares, last reported balance as of Dec 15, 2004
Kgaa HenkelDec 3, 200828,954,516 shares, last reported balance as of Nov 13, 2006
Stefan HamelmannJul 2, 20086,825 shares, last reported balance as of Jun 30, 2008
Kasper RorstedJul 2, 20086,286 shares, last reported balance as of Jun 30, 2008
Hans Van BylenJul 2, 2008959 shares, last reported balance as of Jun 30, 2008
William SnedekerOct 30, 20073,766 shares, last reported balance as of Oct 26, 2007
Diana LewisJul 26, 2007124,121 shares, last reported balance as of Jul 24, 2007
Ulrich LehnerJan 3, 20075,674 shares, last reported balance as of Dec 31, 2006
Luciano IannuzziNov 27, 2006No balance on record
Stephen NewlinFeb 16, 20062,312 shares, last reported balance as of Feb 16, 2006
James HowardJan 4, 200662,720 shares, last reported balance as of Dec 31, 2005
Chemie HenkelSep 22, 2005No balance on record
Jochen KrautterJul 1, 20054,453 shares, last reported balance as of Jun 30, 2005
John SpoonerMar 2, 200572,851 shares, last reported balance as of Mar 1, 2005
Allan SchumanFeb 22, 2005620,892 shares, last reported balance as of Feb 22, 2005
William GoetzFeb 4, 2005383 shares, last reported balance as of Dec 31, 2004
William JewsJan 4, 200512,115 shares, last reported balance as of Dec 31, 2004
Richard DeschutterOct 4, 20042,330 shares, last reported balance as of Sep 30, 2004
Maurizio NisitaJun 3, 2004118,911 shares, last reported balance as of Jun 1, 2004

Spotted something wrong on this page? Report an error. We check every report against the SEC filing and list what we fix in the corrections log.