Form 4: Ecolab Executive Gregory B. Cook Reports Stock Transactions
SEC Form 4 Filing
Ecolab's EVP & President Gregory B. Cook reports the vesting of restricted stock units and associated tax withholding.
Summary
- On February 25, 2024, Gregory B. Cook, an EVP & President at Ecolab Inc., reported transactions involving Ecolab's common stock.
- 169 restricted stock units vested and were converted into common stock.
- Shares were withheld to cover minimum statutory tax obligations related to the vesting of the restricted stock units.
- Cook also indirectly owns 3,346.486 units in the Ecolab Stock Fund of the Ecolab Savings Plan, equivalent to approximately 6,156 shares of Ecolab's common stock.
- Following these transactions, Cook directly owns 7,535 shares of Ecolab common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives at publicly traded companies like Ecolab. It provides transparency into the trading activities of company insiders.
Comparison to Industry Standards
- Form 4 filings are standard practice for executives at publicly traded companies and are required by the SEC.
- The transactions reported are typical for executives receiving stock-based compensation.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders.
- The filing provides transparency to shareholders regarding executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| 02/25/2021 | Date the reporting person was granted 183 restricted stock units, vesting as to 100% of the units on the third anniversary of the date of grant. |
| 01/31/2024 | Date of Ecolab Savings Plan (401(k) Plan) holdings. |
| 02/25/2024 | Date of stock transactions: vesting of restricted stock units and tax withholding. |
| 02/27/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.