Form 4: Ecolab Director Shari L. Ballard Reports Stock Option Grant
SEC Form 4 Filing
Director Shari L. Ballard reports the acquisition of a stock option for 934 shares of Ecolab common stock.
Summary
- On May 6, 2024, Shari L. Ballard, a director of Ecolab Inc., was granted a non-employee director stock option to purchase 934 shares of Ecolab common stock at an exercise price of $228.255.
- The option vests in four equal installments over the year following the grant date, with the first vesting date being August 6, 2024.
- Ms. Ballard directly owns 7,108.24 shares of Ecolab common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock option grants, which is neutral in sentiment.
Positives
- The grant of stock options to directors aligns their interests with those of shareholders.
Industry Context
Stock option grants are a common form of compensation for directors of publicly traded companies, aligning their interests with those of shareholders.
Comparison to Industry Standards
- Director compensation packages, including stock options, vary widely across industries and company sizes.
- Comparing Ecolab's director compensation to that of its peers (e.g., Procter & Gamble, Clorox) would provide a benchmark for assessing its competitiveness.
Key Dates
| Date | Description |
|---|---|
| 05/06/2024 | Date of stock option grant |
| 08/06/2024 | First vesting date for the stock option |
| 05/06/2034 | Expiration date of the stock option |
| 05/08/2024 | Date of Form 4 filing |
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