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ECOLAB INC. 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings and ECOLAB INC.’s Form 8-K (Item 5.07 on EDGAR). Page generated 02 October 2026.

31Reported items
1,196Asset managers
16,645Fund votes
2025-05-08Meeting date

Proxy season: 2023-2024 2024-2025 2025-2026

Explore ECOLAB INC. in the interactive database Compare manager voting policies

Official 2024-2025 meeting results reported by ECOLAB INC.

These tallies are ECOLAB INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.

ECOLAB INC. — official shareholder meeting results, meeting held 2025-05-08
Ballot item	For	Against	Abstain	Withheld	Broker non-votes	Outcome
Elect Director: Judson B. Althoff	230,848,959	5,320,640	366,043	--	15,576,671	Majority: yes
Elect Director: Shari L. Ballard	230,548,723	5,528,109	458,810	--	15,576,671	Majority: yes
Elect Director: Christophe Beck	215,375,746	19,458,192	1,701,704	--	15,576,671	Majority: yes
Elect Director: Michel D. Doukeris	212,375,707	23,758,131	401,804	--	15,576,671	Majority: yes
Elect Director: Eric M. Green	223,038,306	13,160,493	336,843	--	15,576,671	Majority: yes
Elect Director: Marion K. Gross	235,721,263	448,414	365,965	--	15,576,671	Majority: yes
Elect Director: Michael Larson	226,833,115	9,246,382	456,145	--	15,576,671	Majority: yes
Elect Director: David W. MacLennan	221,841,098	14,161,875	532,669	--	15,576,671	Majority: yes
Elect Director: Tracy B. McKibben	226,011,366	10,062,764	461,512	--	15,576,671	Majority: yes
Elect Director: Lionel L. Nowell III	228,561,055	7,478,964	495,623	--	15,576,671	Majority: yes
Elect Director: Victoria J. Reich	221,449,439	14,492,244	593,959	--	15,576,671	Majority: yes
Elect Director: Suzanne M. Vautrinot	224,884,535	11,135,941	515,166	--	15,576,671	Majority: yes
Elect Director: John J. Zillmer	181,160,648	55,003,741	371,253	--	15,576,671	Majority: yes

Source: ECOLAB INC., Form 8-K — read the filing on EDGAR.

How asset managers voted at the ECOLAB INC. 2024-2025 meeting

Each item below shows how the 1,196 asset managers that disclosed a ECOLAB INC. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of ECOLAB INC.’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. Approve, on an advisory basis, the compensation of our named executive officers disclosed in the Proxy Statement.

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-05-08.

Combines 10 wordings of this item as funds reported it.

93% fund support · no official result

FOR 92%7%

The 1,087 asset managers below cast 93% of the shares they voted on this item FOR (169,840,988 for, 13,559,959 against).

FOR: 169,840,988 (92.2%)AGAINST: 13,559,959 (7.4%)ABSTAIN: 778,310 (0.4%)UNKNOWN: 54,766 (0.0%)NOT VOTED: 34,726 (0.0%)0: 19 (0.0%)WITHHOLD/ABSTAIN: 4 (0.0%)

Largest asset managers voting on “Approve, on an advisory basis, the compensation of our named executive officers disclosed in the Proxy Stateme” at ECOLAB INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	29,868,965	8	1	For
BlackRock	16,650,900	1,439	0	For
State Street	9,585,070	85,290	0	For
Fidelity	9,026,358	0	0	For
GEODE CAPITAL MANAGEMENT, LLC	5,395,059	0	0	For
Wellington	4,704,250	0	0	For
Invesco	4,538,923	0	0	For
Aristotle Capital Management, LLC	4,128,486	0	0	For
PICTET ASSET MANAGEMENT SA	3,300,794	0	0	For
Charles Schwab	2,945,437	0	0	For
Northern Trust	2,735,309	13,414	0	For
Winslow Capital Management, LLC	2,447,239	0	0	For
RBC Capital Markets, LLC	2,399,893	0	0	For
American Century	2,342,304	0	0	For
Amundi	0	2,248,456	0	Against
FRANKLIN ADVISERS INC	2,112,708	0	0	For
UBS	1,770,106	26,921	0	For
Calvert	0	1,736,617	0	Against
BROWN ADVISORY INC	1,692,533	0	0	For
Capital Group	1,476,062	0	0	For
Goldman Sachs	1,448,496	0	0	For
Legal & General Investment Management Ltd	2,266	1,430,300	0	Against
Capital Research Global Investors	1,430,755	0	0	For
AMCAP FUND	1,388,996	0	0	For
Nuveen	1,346,694	0	0	For

Showing the 25 largest of 1,087 asset managers. See all 1,087 in the interactive database.

2. Election of Directors: Judson B. Althoff

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-08.

Combines 6 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 230,848,959AGAINST: 5,320,640

ECOLAB INC.’s own tally for this item (“Elect Director: Judson B. Althoff”): 230,848,959 for, 5,320,640 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 283,500,000 outstanding shares: 81% for, 2% against (83% of the company cast a for/against vote).

The 197 asset managers below cast 99.9% of the shares they voted on this item FOR (67,378,962 for, 1,040 against).

FOR 99.8%

FOR: 67,378,962 (99.9%)AGAINST: 1,040 (0.0%)ABSTAIN: 20,846 (0.0%)UNKNOWN: 54,766 (0.1%)NOT VOTED: 755 (0.0%)WITHHOLD/ABSTAIN: 4 (0.0%)

Largest asset managers voting on “Election of Directors: Judson B. Althoff” at ECOLAB INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	28,372,702	2	0	For
Fidelity	6,673,183	0	0	For
BlackRock	6,636,956	0	0	For
State Street	2,581,246	0	0	For
Invesco	1,819,662	0	0	For
Charles Schwab	1,430,652	0	0	For
AMCAP FUND	1,388,996	0	0	For
FRANKLIN MANAGED TRUST	1,315,750	0	0	For
First Trust	1,268,666	0	0	For
TIAA	1,135,375	0	0	For
American Century	1,023,286	0	0	For
Bridge Builder Trust	972,389	0	0	For
Calvert	862,803	0	0	For
New York Life	806,531	0	0	For
ProShares	749,188	0	0	For
Capital Group	728,001	0	0	For
Brown Advisory Funds	599,573	0	0	For
Franklin Custodian Funds	567,756	0	0	For
Dimensional	507,302	0	0	For
Equitable	429,350	0	0	For
Legg Mason	401,462	0	0	For
MASTER INVESTMENT PORTFOLIO	393,736	0	0	For
TRUST FOR PROFESSIONAL MANAGERS	375,816	0	0	For
Brighthouse	298,653	0	18,797	For
John Hancock	281,223	0	0	For

Showing the 25 largest of 197 asset managers. See all 197 in the interactive database.

3. Election of Directors: Shari L. Ballard

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-08.

Combines 5 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 230,548,723AGAINST: 5,528,109

ECOLAB INC.’s own tally for this item (“Elect Director: Shari L. Ballard”): 230,548,723 for, 5,528,109 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 283,500,000 outstanding shares: 81% for, 2% against (83% of the company cast a for/against vote).

The 197 asset managers below cast 99.9% of the shares they voted on this item FOR (67,378,953 for, 1,046 against).

FOR 99.8%

FOR: 67,378,953 (99.9%)AGAINST: 1,046 (0.0%)ABSTAIN: 20,849 (0.0%)UNKNOWN: 54,766 (0.1%)NOT VOTED: 755 (0.0%)WITHHOLD/ABSTAIN: 4 (0.0%)

Largest asset managers voting on “Election of Directors: Shari L. Ballard” at ECOLAB INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	28,372,702	2	0	For
Fidelity	6,673,183	0	0	For
BlackRock	6,636,956	0	0	For
State Street	2,581,246	0	0	For
Invesco	1,819,662	0	0	For
Charles Schwab	1,430,652	0	0	For
AMCAP FUND	1,388,996	0	0	For
FRANKLIN MANAGED TRUST	1,315,750	0	0	For
First Trust	1,268,666	0	0	For
TIAA	1,135,375	0	0	For
American Century	1,023,286	0	0	For
Bridge Builder Trust	972,389	0	0	For
Calvert	862,803	0	0	For
New York Life	806,531	0	0	For
ProShares	749,188	0	0	For
Capital Group	728,001	0	0	For
Brown Advisory Funds	599,573	0	0	For
Franklin Custodian Funds	567,756	0	0	For
Dimensional	507,302	0	0	For
Equitable	429,350	0	0	For
Legg Mason	401,462	0	0	For
MASTER INVESTMENT PORTFOLIO	393,736	0	0	For
TRUST FOR PROFESSIONAL MANAGERS	375,816	0	0	For
Brighthouse	298,653	0	18,797	For
John Hancock	281,223	0	0	For

Showing the 25 largest of 197 asset managers. See all 197 in the interactive database.

4. Election of Directors: Christophe Beck

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-08.

Combines 5 wordings of this item as funds reported it.

92% Majority: yes · of votes cast

FOR 92%8%

FOR: 215,375,746AGAINST: 19,458,192

ECOLAB INC.’s own tally for this item (“Elect Director: Christophe Beck”): 215,375,746 for, 19,458,192 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 283,500,000 outstanding shares: 76% for, 7% against (83% of the company cast a for/against vote).

The 197 asset managers below cast 99.9% of the shares they voted on this item FOR (67,354,640 for, 24,257 against).

FOR 99.8%

FOR: 67,354,640 (99.8%)AGAINST: 24,257 (0.0%)ABSTAIN: 20,894 (0.0%)UNKNOWN: 55,823 (0.1%)NOT VOTED: 755 (0.0%)WITHHOLD/ABSTAIN: 4 (0.0%)

Largest asset managers voting on “Election of Directors: Christophe Beck” at ECOLAB INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	28,372,697	7	1	For
Fidelity	6,673,183	0	0	For
BlackRock	6,636,956	0	0	For
State Street	2,581,223	23	0	For
Invesco	1,819,662	0	0	For
Charles Schwab	1,430,652	0	0	For
AMCAP FUND	1,388,996	0	0	For
FRANKLIN MANAGED TRUST	1,315,750	0	0	For
First Trust	1,268,666	0	0	For
TIAA	1,135,375	0	0	For
American Century	1,023,286	0	0	For
Bridge Builder Trust	972,389	0	0	For
Calvert	862,803	0	0	For
New York Life	806,531	0	0	For
ProShares	749,188	0	0	For
Capital Group	728,001	0	0	For
Brown Advisory Funds	599,573	0	0	For
Franklin Custodian Funds	567,756	0	0	For
Dimensional	507,302	0	0	For
Equitable	429,350	0	0	For
Legg Mason	401,462	0	0	For
MASTER INVESTMENT PORTFOLIO	393,736	0	0	For
TRUST FOR PROFESSIONAL MANAGERS	375,816	0	0	For
Brighthouse	298,653	0	18,797	For
John Hancock	281,223	0	0	For

Showing the 25 largest of 197 asset managers. See all 197 in the interactive database.

5. Election of Directors: Michel D. Doukeris

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-08.

Combines 6 wordings of this item as funds reported it.

90% Majority: yes · of votes cast

FOR 90%10%

FOR: 212,375,707AGAINST: 23,758,131

ECOLAB INC.’s own tally for this item (“Elect Director: Michel D. Doukeris”): 212,375,707 for, 23,758,131 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 283,500,000 outstanding shares: 75% for, 8% against (83% of the company cast a for/against vote).

The 197 asset managers below cast 98% of the shares they voted on this item FOR (66,123,593 for, 1,251,273 against).

FOR 98%

FOR: 66,123,593 (98.0%)AGAINST: 1,251,273 (1.9%)ABSTAIN: 25,982 (0.0%)UNKNOWN: 54,766 (0.1%)NOT VOTED: 755 (0.0%)WITHHOLD/ABSTAIN: 4 (0.0%)

Largest asset managers voting on “Election of Directors: Michel D. Doukeris” at ECOLAB INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	28,372,697	7	0	For
Fidelity	6,673,183	0	0	For
BlackRock	6,636,956	0	0	For
State Street	2,581,167	79	0	For
Invesco	1,819,662	0	0	For
Charles Schwab	1,430,652	0	0	For
AMCAP FUND	1,388,996	0	0	For
FRANKLIN MANAGED TRUST	1,315,750	0	0	For
First Trust	1,268,666	0	0	For
TIAA	1,135,375	0	0	For
American Century	858,000	165,286	0	For
Bridge Builder Trust	911,079	61,310	0	For
Calvert	862,803	0	0	For
New York Life	794,487	12,044	0	For
ProShares	749,188	0	0	For
Capital Group	728,001	0	0	For
Brown Advisory Funds	599,573	0	0	For
Franklin Custodian Funds	567,756	0	0	For
Dimensional	507,302	0	0	For
Equitable	425,350	4,000	0	For
Legg Mason	401,462	0	0	For
MASTER INVESTMENT PORTFOLIO	393,736	0	0	For
TRUST FOR PROFESSIONAL MANAGERS	375,816	0	0	For
Brighthouse	298,653	0	18,797	For
John Hancock	281,223	0	0	For

Showing the 25 largest of 197 asset managers. See all 197 in the interactive database.

6. Election of Directors: Eric M. Green

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-08.

Combines 5 wordings of this item as funds reported it.

94% Majority: yes · of votes cast

FOR 94%

FOR: 223,038,306AGAINST: 13,160,493

ECOLAB INC.’s own tally for this item (“Elect Director: Eric M. Green”): 223,038,306 for, 13,160,493 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 283,500,000 outstanding shares: 79% for, 5% against (83% of the company cast a for/against vote).

The 197 asset managers below cast 99.6% of the shares they voted on this item FOR (67,174,245 for, 205,759 against).

FOR 99.5%

FOR: 67,174,245 (99.6%)AGAINST: 205,759 (0.3%)ABSTAIN: 20,845 (0.0%)UNKNOWN: 54,766 (0.1%)NOT VOTED: 755 (0.0%)WITHHOLD/ABSTAIN: 4 (0.0%)

Largest asset managers voting on “Election of Directors: Eric M. Green” at ECOLAB INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	28,372,700	4	0	For
Fidelity	6,673,183	0	0	For
BlackRock	6,636,956	0	0	For
State Street	2,581,246	0	0	For
Invesco	1,819,662	0	0	For
Charles Schwab	1,430,652	0	0	For
AMCAP FUND	1,388,996	0	0	For
FRANKLIN MANAGED TRUST	1,315,750	0	0	For
First Trust	1,268,666	0	0	For
TIAA	1,135,375	0	0	For
American Century	1,023,286	0	0	For
Bridge Builder Trust	972,389	0	0	For
Calvert	862,803	0	0	For
New York Life	806,531	0	0	For
ProShares	749,188	0	0	For
Capital Group	728,001	0	0	For
Brown Advisory Funds	599,573	0	0	For
Franklin Custodian Funds	567,756	0	0	For
Dimensional	507,302	0	0	For
Equitable	429,350	0	0	For
Legg Mason	401,462	0	0	For
MASTER INVESTMENT PORTFOLIO	393,736	0	0	For
TRUST FOR PROFESSIONAL MANAGERS	375,816	0	0	For
Brighthouse	298,653	0	18,797	For
John Hancock	273,831	7,392	0	For

Showing the 25 largest of 197 asset managers. See all 197 in the interactive database.

7. Election of Directors: Marion K. Gros

DIRECTOR ELECTIONS

Meeting held 2025-05-08.

Combines 6 wordings of this item as funds reported it.

99.9% fund support · no official result

FOR 99.8%

The 197 asset managers below cast 99.9% of the shares they voted on this item FOR (67,374,854 for, 13 against).

FOR: 67,374,854 (99.9%)AGAINST: 13 (0.0%)ABSTAIN: 25,981 (0.0%)UNKNOWN: 54,766 (0.1%)NOT VOTED: 755 (0.0%)WITHHOLD/ABSTAIN: 4 (0.0%)

Largest asset managers voting on “Election of Directors: Marion K. Gros” at ECOLAB INC., 2024-2025
Asset manager	For	Abstain	Vote
Vanguard	28,372,704	0	For
Fidelity	6,673,183	0	For
BlackRock	6,636,956	0	For
State Street	2,581,246	0	For
Invesco	1,819,662	0	For
Charles Schwab	1,430,652	0	For
AMCAP FUND	1,388,996	0	For
FRANKLIN MANAGED TRUST	1,315,750	0	For
First Trust	1,268,666	0	For
TIAA	1,135,375	0	For
American Century	1,023,286	0	For
Bridge Builder Trust	972,389	0	For
Calvert	862,803	0	For
New York Life	806,531	0	For
ProShares	749,188	0	For
Capital Group	728,001	0	For
Brown Advisory Funds	599,573	0	For
Franklin Custodian Funds	567,756	0	For
Dimensional	507,302	0	For
Equitable	429,350	0	For
Legg Mason	401,462	0	For
MASTER INVESTMENT PORTFOLIO	393,736	0	For
TRUST FOR PROFESSIONAL MANAGERS	375,816	0	For
Brighthouse	298,653	18,797	For
John Hancock	281,223	0	For

Showing the 25 largest of 197 asset managers. See all 197 in the interactive database.

8. Election of Directors: Michael Larson

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-08.

Combines 5 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%

FOR: 226,833,115AGAINST: 9,246,382

ECOLAB INC.’s own tally for this item (“Elect Director: Michael Larson”): 226,833,115 for, 9,246,382 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 283,500,000 outstanding shares: 80% for, 3% against (83% of the company cast a for/against vote).

The 197 asset managers below cast 99.9% of the shares they voted on this item FOR (67,377,733 for, 2,266 against).

FOR 99.8%

FOR: 67,377,733 (99.9%)AGAINST: 2,266 (0.0%)ABSTAIN: 20,849 (0.0%)UNKNOWN: 54,766 (0.1%)NOT VOTED: 755 (0.0%)WITHHOLD/ABSTAIN: 4 (0.0%)

Largest asset managers voting on “Election of Directors: Michael Larson” at ECOLAB INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	28,372,701	3	0	For
Fidelity	6,673,183	0	0	For
BlackRock	6,636,956	0	0	For
State Street	2,581,223	23	0	For
Invesco	1,819,662	0	0	For
Charles Schwab	1,430,652	0	0	For
AMCAP FUND	1,388,996	0	0	For
FRANKLIN MANAGED TRUST	1,315,750	0	0	For
First Trust	1,268,666	0	0	For
TIAA	1,135,375	0	0	For
American Century	1,023,286	0	0	For
Bridge Builder Trust	972,389	0	0	For
Calvert	862,803	0	0	For
New York Life	806,531	0	0	For
ProShares	749,188	0	0	For
Capital Group	728,001	0	0	For
Brown Advisory Funds	599,573	0	0	For
Franklin Custodian Funds	567,756	0	0	For
Dimensional	507,302	0	0	For
Equitable	429,350	0	0	For
Legg Mason	401,462	0	0	For
MASTER INVESTMENT PORTFOLIO	393,736	0	0	For
TRUST FOR PROFESSIONAL MANAGERS	375,816	0	0	For
Brighthouse	298,653	0	18,797	For
John Hancock	281,223	0	0	For

Showing the 25 largest of 197 asset managers. See all 197 in the interactive database.

9. Election of Directors: David W. MacLennan

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-08.

Combines 7 wordings of this item as funds reported it.

94% Majority: yes · of votes cast

FOR 94%

FOR: 221,841,098AGAINST: 14,161,875

ECOLAB INC.’s own tally for this item (“Elect Director: David W. MacLennan”): 221,841,098 for, 14,161,875 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 283,500,000 outstanding shares: 78% for, 5% against (83% of the company cast a for/against vote).

The 197 asset managers below cast 98% of the shares they voted on this item FOR (66,287,263 for, 1,092,733 against).

FOR 98%

FOR: 66,287,263 (98.3%)AGAINST: 1,092,733 (1.6%)ABSTAIN: 20,852 (0.0%)UNKNOWN: 54,766 (0.1%)NOT VOTED: 755 (0.0%)WITHHOLD/ABSTAIN: 4 (0.0%)

Largest asset managers voting on “Election of Directors: David W. MacLennan” at ECOLAB INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	28,372,699	4	0	For
Fidelity	6,673,183	0	0	For
BlackRock	6,636,956	0	0	For
State Street	2,581,246	0	0	For
Invesco	1,819,662	0	0	For
Charles Schwab	1,430,652	0	0	For
AMCAP FUND	1,388,996	0	0	For
FRANKLIN MANAGED TRUST	1,315,750	0	0	For
First Trust	1,268,666	0	0	For
TIAA	1,135,375	0	0	For
American Century	1,023,286	0	0	For
Bridge Builder Trust	972,389	0	0	For
Calvert	0	862,803	0	Against
New York Life	806,531	0	0	For
ProShares	749,188	0	0	For
Capital Group	728,001	0	0	For
Brown Advisory Funds	599,573	0	0	For
Franklin Custodian Funds	567,756	0	0	For
Dimensional	507,302	0	0	For
Equitable	429,350	0	0	For
Legg Mason	401,462	0	0	For
MASTER INVESTMENT PORTFOLIO	393,736	0	0	For
TRUST FOR PROFESSIONAL MANAGERS	375,816	0	0	For
Brighthouse	298,653	0	18,797	For
John Hancock	273,831	7,392	0	For

Showing the 25 largest of 197 asset managers. See all 197 in the interactive database.

10. Election of Directors: Tracy B. McKibben

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-08.

Combines 7 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%

FOR: 226,011,366AGAINST: 10,062,764

ECOLAB INC.’s own tally for this item (“Elect Director: Tracy B. McKibben”): 226,011,366 for, 10,062,764 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 283,500,000 outstanding shares: 80% for, 4% against (83% of the company cast a for/against vote).

The 197 asset managers below cast 99.7% of the shares they voted on this item FOR (67,220,108 for, 159,686 against).

FOR 99.6%

FOR: 67,220,108 (99.6%)AGAINST: 159,686 (0.2%)ABSTAIN: 21,054 (0.0%)UNKNOWN: 54,766 (0.1%)NOT VOTED: 755 (0.0%)WITHHOLD/ABSTAIN: 4 (0.0%)

Largest asset managers voting on “Election of Directors: Tracy B. McKibben” at ECOLAB INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	28,372,701	3	0	For
Fidelity	6,673,183	0	0	For
BlackRock	6,636,956	0	0	For
State Street	2,581,246	0	0	For
Invesco	1,819,662	0	0	For
Charles Schwab	1,430,652	0	0	For
AMCAP FUND	1,388,996	0	0	For
FRANKLIN MANAGED TRUST	1,315,750	0	0	For
First Trust	1,268,666	0	0	For
TIAA	1,135,375	0	0	For
American Century	1,023,286	0	0	For
Bridge Builder Trust	972,389	0	0	For
Calvert	862,803	0	0	For
New York Life	806,531	0	0	For
ProShares	749,188	0	0	For
Capital Group	728,001	0	0	For
Brown Advisory Funds	599,573	0	0	For
Franklin Custodian Funds	567,756	0	0	For
Dimensional	507,302	0	0	For
Equitable	429,350	0	0	For
Legg Mason	401,462	0	0	For
MASTER INVESTMENT PORTFOLIO	393,736	0	0	For
TRUST FOR PROFESSIONAL MANAGERS	375,816	0	0	For
Brighthouse	298,653	0	18,797	For
John Hancock	281,223	0	0	For

Showing the 25 largest of 197 asset managers. See all 197 in the interactive database.

11. Election of Directors: Lionel L. Nowell III

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-08.

Combines 6 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%

FOR: 228,561,055AGAINST: 7,478,964

ECOLAB INC.’s own tally for this item (“Elect Director: Lionel L. Nowell III”): 228,561,055 for, 7,478,964 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 283,500,000 outstanding shares: 81% for, 3% against (83% of the company cast a for/against vote).

The 197 asset managers below cast 99.9% of the shares they voted on this item FOR (67,357,734 for, 22,059 against).

FOR 99.8%

FOR: 67,357,734 (99.9%)AGAINST: 22,059 (0.0%)ABSTAIN: 21,055 (0.0%)UNKNOWN: 54,766 (0.1%)NOT VOTED: 755 (0.0%)WITHHOLD/ABSTAIN: 4 (0.0%)

Largest asset managers voting on “Election of Directors: Lionel L. Nowell III” at ECOLAB INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	28,372,701	3	0	For
Fidelity	6,673,183	0	0	For
BlackRock	6,636,956	0	0	For
State Street	2,581,246	0	0	For
Invesco	1,819,662	0	0	For
Charles Schwab	1,430,652	0	0	For
AMCAP FUND	1,388,996	0	0	For
FRANKLIN MANAGED TRUST	1,315,750	0	0	For
First Trust	1,268,666	0	0	For
TIAA	1,135,375	0	0	For
American Century	1,023,286	0	0	For
Bridge Builder Trust	972,389	0	0	For
Calvert	862,803	0	0	For
New York Life	806,531	0	0	For
ProShares	749,188	0	0	For
Capital Group	728,001	0	0	For
Brown Advisory Funds	599,573	0	0	For
Franklin Custodian Funds	567,756	0	0	For
Dimensional	507,302	0	0	For
Equitable	429,350	0	0	For
Legg Mason	401,462	0	0	For
MASTER INVESTMENT PORTFOLIO	393,736	0	0	For
TRUST FOR PROFESSIONAL MANAGERS	375,816	0	0	For
Brighthouse	298,653	0	18,797	For
John Hancock	281,223	0	0	For

Showing the 25 largest of 197 asset managers. See all 197 in the interactive database.

12. Election of Directors: Victoria. Reich

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-08.

Combines 6 wordings of this item as funds reported it.

94% Majority: yes · of votes cast

FOR 94%

FOR: 221,449,439AGAINST: 14,492,244

ECOLAB INC.’s own tally for this item (“Elect Director: Victoria J. Reich”): 221,449,439 for, 14,492,244 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 283,500,000 outstanding shares: 78% for, 5% against (83% of the company cast a for/against vote).

The 197 asset managers below cast 99.6% of the shares they voted on this item FOR (67,123,403 for, 251,251 against).

FOR 99.5%

FOR: 67,123,403 (99.5%)AGAINST: 251,251 (0.4%)ABSTAIN: 26,194 (0.0%)UNKNOWN: 54,766 (0.1%)NOT VOTED: 755 (0.0%)WITHHOLD/ABSTAIN: 4 (0.0%)

Largest asset managers voting on “Election of Directors: Victoria. Reich” at ECOLAB INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	28,372,699	5	0	For
Fidelity	6,673,183	0	0	For
BlackRock	6,636,956	0	0	For
State Street	2,581,167	79	0	For
Invesco	1,819,662	0	0	For
Charles Schwab	1,430,652	0	0	For
AMCAP FUND	1,388,996	0	0	For
FRANKLIN MANAGED TRUST	1,315,750	0	0	For
First Trust	1,268,666	0	0	For
TIAA	1,135,375	0	0	For
American Century	1,023,286	0	0	For
Bridge Builder Trust	911,079	61,310	0	For
Calvert	862,803	0	0	For
New York Life	806,531	0	0	For
ProShares	749,188	0	0	For
Capital Group	728,001	0	0	For
Brown Advisory Funds	599,573	0	0	For
Franklin Custodian Funds	567,756	0	0	For
Dimensional	507,302	0	0	For
Equitable	429,350	0	0	For
Legg Mason	401,462	0	0	For
MASTER INVESTMENT PORTFOLIO	393,736	0	0	For
TRUST FOR PROFESSIONAL MANAGERS	375,816	0	0	For
Brighthouse	298,653	0	18,797	For
John Hancock	281,223	0	0	For

Showing the 25 largest of 197 asset managers. See all 197 in the interactive database.

13. Election of Directors: Suzanne M. Vautrinot

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-08.

Combines 6 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%

FOR: 224,884,535AGAINST: 11,135,941

ECOLAB INC.’s own tally for this item (“Elect Director: Suzanne M. Vautrinot”): 224,884,535 for, 11,135,941 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 283,500,000 outstanding shares: 79% for, 4% against (83% of the company cast a for/against vote).

The 197 asset managers below cast 99.8% of the shares they voted on this item FOR (67,273,200 for, 106,797 against).

FOR 99.7%

FOR: 67,273,200 (99.7%)AGAINST: 106,797 (0.2%)ABSTAIN: 20,851 (0.0%)UNKNOWN: 54,766 (0.1%)NOT VOTED: 755 (0.0%)WITHHOLD/ABSTAIN: 4 (0.0%)

Largest asset managers voting on “Election of Directors: Suzanne M. Vautrinot” at ECOLAB INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	28,372,700	4	0	For
Fidelity	6,673,183	0	0	For
BlackRock	6,636,956	0	0	For
State Street	2,581,167	79	0	For
Invesco	1,819,662	0	0	For
Charles Schwab	1,430,652	0	0	For
AMCAP FUND	1,388,996	0	0	For
FRANKLIN MANAGED TRUST	1,315,750	0	0	For
First Trust	1,268,666	0	0	For
TIAA	1,135,375	0	0	For
American Century	1,023,286	0	0	For
Bridge Builder Trust	911,079	61,310	0	For
Calvert	862,803	0	0	For
New York Life	806,531	0	0	For
ProShares	749,188	0	0	For
Capital Group	728,001	0	0	For
Brown Advisory Funds	599,573	0	0	For
Franklin Custodian Funds	567,756	0	0	For
Dimensional	507,302	0	0	For
Equitable	429,350	0	0	For
Legg Mason	401,462	0	0	For
MASTER INVESTMENT PORTFOLIO	393,736	0	0	For
TRUST FOR PROFESSIONAL MANAGERS	375,816	0	0	For
Brighthouse	298,653	0	18,797	For
John Hancock	281,223	0	0	For

Showing the 25 largest of 197 asset managers. See all 197 in the interactive database.

14. Election of Directors: John J. Zillmer

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-08.

Combines 5 wordings of this item as funds reported it.

77% Majority: yes · of votes cast

FOR 77%AGAINST 23%

FOR: 181,160,648AGAINST: 55,003,741

ECOLAB INC.’s own tally for this item (“Elect Director: John J. Zillmer”): 181,160,648 for, 55,003,741 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 283,500,000 outstanding shares: 64% for, 19% against (83% of the company cast a for/against vote).

The 197 asset managers below cast 81% of the shares they voted on this item FOR (54,652,739 for, 12,726,006 against).

FOR 81%AGAINST 19%

FOR: 54,652,739 (81.0%)AGAINST: 12,726,006 (18.9%)ABSTAIN: 20,846 (0.0%)UNKNOWN: 56,023 (0.1%)NOT VOTED: 755 (0.0%)WITHHOLD/ABSTAIN: 4 (0.0%)

Largest asset managers voting on “Election of Directors: John J. Zillmer” at ECOLAB INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	24,600,631	3,772,073	0	For
Fidelity	6,569,236	103,947	0	For
BlackRock	18,271	6,618,685	0	Against
State Street	2,581,167	79	0	For
Invesco	1,819,662	0	0	For
Charles Schwab	1,430,652	0	0	For
AMCAP FUND	1,388,996	0	0	For
FRANKLIN MANAGED TRUST	1,315,750	0	0	For
First Trust	1,268,666	0	0	For
TIAA	1,135,375	0	0	For
American Century	1,023,286	0	0	For
Bridge Builder Trust	491,611	480,778	0	For
Calvert	862,803	0	0	For
New York Life	806,531	0	0	For
ProShares	749,188	0	0	For
Capital Group	728,001	0	0	For
Brown Advisory Funds	599,573	0	0	For
Franklin Custodian Funds	567,756	0	0	For
Dimensional	507,302	0	0	For
Equitable	352,798	76,552	0	For
Legg Mason	401,462	0	0	For
MASTER INVESTMENT PORTFOLIO	0	393,736	0	Against
TRUST FOR PROFESSIONAL MANAGERS	375,816	0	0	For
Brighthouse	294,908	3,745	18,797	For
John Hancock	281,223	0	0	For

Showing the 25 largest of 197 asset managers. See all 197 in the interactive database.

15. Ratify the appointment of PricewaterhouseCoopers LLP as Ecolab's independent registered public accounting firm for the current year ending December 31, 2025.

AUDIT-RELATED

Meeting held 2025-05-08.

Combines 6 wordings of this item as funds reported it.

98% fund support · no official result

FOR 98%

The 188 asset managers below cast 98% of the shares they voted on this item FOR (65,676,841 for, 1,309,360 against).

FOR: 65,676,841 (97.9%)AGAINST: 1,309,360 (2.0%)ABSTAIN: 18,804 (0.0%)UNKNOWN: 56,023 (0.1%)NOT VOTED: 755 (0.0%)WITHHOLD/ABSTAIN: 4 (0.0%)

Largest asset managers voting on “Ratify the appointment of PricewaterhouseCoopers LLP as Ecolab's independent registered public accounting firm” at ECOLAB INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	28,336,140	36,564	0	For
Fidelity	6,673,183	0	0	For
BlackRock	6,631,982	4,974	0	For
State Street	2,580,804	442	0	For
Invesco	1,819,662	0	0	For
Charles Schwab	1,430,652	0	0	For
AMCAP FUND	1,388,996	0	0	For
FRANKLIN MANAGED TRUST	1,315,750	0	0	For
First Trust	1,268,666	0	0	For
TIAA	1,135,375	0	0	For
American Century	1,023,286	0	0	For
Bridge Builder Trust	911,079	61,310	0	For
Calvert	0	862,803	0	Against
New York Life	802,949	3,582	0	For
ProShares	749,188	0	0	For
Capital Group	728,001	0	0	For
Brown Advisory Funds	599,573	0	0	For
Franklin Custodian Funds	567,756	0	0	For
Dimensional	507,302	0	0	For
Equitable	425,350	4,000	0	For
Legg Mason	401,462	0	0	For
MASTER INVESTMENT PORTFOLIO	393,736	0	0	For
TRUST FOR PROFESSIONAL MANAGERS	375,816	0	0	For
Brighthouse	274,288	3,745	18,797	For
John Hancock	273,831	7,392	0	For

Showing the 25 largest of 188 asset managers. See all 188 in the interactive database.

16. Approve amendment to the Ecolab Inc. Restated Certificate of Incorporation to limit the lability of certain officers as permitted by Delaware law.

CORPORATE GOVERNANCE

Meeting held 2025-05-08.

Combines 2 wordings of this item as funds reported it.

95% fund support · no official result

FOR 95%

The 104 asset managers below cast 95% of the shares they voted on this item FOR (47,707,233 for, 2,405,339 against).

FOR: 47,707,233 (95.2%)AGAINST: 2,405,339 (4.8%)

Largest asset managers voting on “Approve amendment to the Ecolab Inc. Restated Certificate of Incorporation to limit the lability of certain of” at ECOLAB INC., 2024-2025
Asset manager	For	Against	Vote
Vanguard	24,550,045	0	For
Fidelity	6,673,183	0	For
State Street	2,581,028	218	For
Invesco	1,819,421	241	For
AMCAP FUND	1,388,996	0	For
FRANKLIN MANAGED TRUST	0	1,315,750	Against
First Trust	1,268,666	0	For
TIAA	1,135,375	0	For
American Century	1,023,286	0	For
Calvert	862,803	0	For
New York Life	806,531	0	For
ProShares	749,188	0	For
Capital Group	728,001	0	For
Franklin Custodian Funds	0	567,756	Against
Dimensional	507,302	0	For
Equitable	412,965	16,385	For
Legg Mason	3,040	398,422	Against
Virtus	256,483	0	For
Goldman Sachs	228,536	0	For
WisdomTree	191,477	0	For
T. Rowe Price	185,328	0	For
Thrivent	180,878	0	For
Eaton Vance	153,514	0	For
Nuveen	135,527	0	For
Lincoln Financial	116,885	12,407	For

Showing the 25 largest of 104 asset managers. See all 104 in the interactive database.

17. Approve amendment to the Ecolab Inc. Restated Certificate of Incorporation to limit the liability of certain officers as permitted by Delaware law.

CORPORATE GOVERNANCE

Meeting held 2025-05-08.

Combines 3 wordings of this item as funds reported it.

96% fund support · no official result

FOR 95%

The 96 asset managers below cast 96% of the shares they voted on this item FOR (16,147,306 for, 727,573 against).

FOR: 16,147,306 (95.3%)AGAINST: 727,573 (4.3%)ABSTAIN: 18,812 (0.1%)UNKNOWN: 54,766 (0.3%)NOT VOTED: 755 (0.0%)WITHHOLD/ABSTAIN: 4 (0.0%)

Largest asset managers voting on “Approve amendment to the Ecolab Inc. Restated Certificate of Incorporation to limit the liability of certain o” at ECOLAB INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
BlackRock	6,629,582	7,374	0	For
Vanguard	3,818,120	4,539	0	For
Charles Schwab	1,430,652	0	0	For
Bridge Builder Trust	911,079	61,310	0	For
Brown Advisory Funds	599,573	0	0	For
MASTER INVESTMENT PORTFOLIO	393,736	0	0	For
TRUST FOR PROFESSIONAL MANAGERS	359,288	16,528	0	For
John Hancock	281,223	0	0	For
Brighthouse	229,312	0	18,797	For
Prudential/PGIM	215,735	0	0	For
Jackson National	174,872	0	0	For
Natixis	143,453	212	0	For
HARBOR FUNDS	142,200	0	0	For
Russell Investments	0	122,814	0	Against
Hartford	108,582	0	0	For
FORUM FUNDS	106,576	0	0	For
JPMorgan	0	104,027	0	Against
SEI	0	103,581	0	Against
LKCM Funds	63,600	0	0	For
PROFESSIONALLY MANAGED PORTFOLIOS	57,648	0	0	For
ADAMS DIVERSIFIED EQUITY FUND, INC.	57,400	0	0	For
Aristotle Funds Series Trust	57,000	0	0	For
ZEVIN ASSET MANAGEMENT LLC	0	0	0	Unknown
ADAMS NATURAL RESOURCES FUND, INC.	48,400	0	0	For
LAUDUS TRUST	44,592	0	0	For

Showing the 25 largest of 96 asset managers. See all 96 in the interactive database.

18. Advisory Vote to Ratify Named Executive Officers' Compensation

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-05-08.

41% fund support · no official result

FOR 41%AGAINST 59%

The 51 asset managers below cast 41% of the shares they voted on this item FOR (3,185,528 for, 4,532,780 against).

FOR: 3,185,528 (41.3%)AGAINST: 4,532,780 (58.7%)

Largest asset managers voting on “Advisory Vote to Ratify Named Executive Officers' Compensation” at ECOLAB INC., 2024-2025
Asset manager	For	Against	Vote
Union Investment Privatfonds GmbH	0	1,478,584	Against
APG Asset Management US Inc.	1,369,739	0	For
Mirova US LLC	0	1,364,759	Against
NORDEA INVESTMENT MANAGEMENT AB	0	1,357,831	Against
Findlay Park Partners LLP	456,184	0	For
JPMorgan	261,443	0	For
ADAGE CAPITAL PARTNERS GP, L.L.C.	210,325	0	For
Thematics Asset Management	150,113	0	For
Foresight Group Ltd Liability Partnership	132,869	0	For
TD ASSET MANAGEMENT INC	131,274	0	For
Erste Asset Management GmbH	117,904	0	For
Cardano Risk Management B.V.	0	115,544	Against
Desjardins Global Asset Management Inc.	0	110,636	Against
STOREBRAND ASSET MANAGEMENT AS	91,561	0	For
CREDIT AGRICOLE S A	49,657	0	For
Sarasin & Partners LLP	0	37,052	Against
Empower	34,383	0	For
HC CAPITAL TRUST	0	30,407	Against
GuideStone	28,181	0	For
Union Investment Institutional GmbH	0	25,432	Against
TD Waterhouse Canada Inc.	23,287	0	For
Brighthouse	20,620	0	For
Impact Asset Management GmbH	19,910	0	For
GROUPAMA ASSET MANAGMENT	19,804	0	For
Vinva Investment Management Ltd	18,475	0	For

Showing the 25 largest of 51 asset managers. See all 51 in the interactive database.

19. 14A Executive Compensation

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-05-08.

99.6% fund support · no official result

FOR 99.0%

The 15 asset managers below cast 99.6% of the shares they voted on this item FOR (403,151 for, 1,370 against).

FOR: 403,151 (99.1%)AGAINST: 1,370 (0.3%)NOT VOTED: 2,386 (0.6%)

Largest asset managers voting on “14A Executive Compensation” at ECOLAB INC., 2024-2025
Asset manager	For	Against	Vote
MCDONALD CAPITAL INVESTORS INC/CA	317,524	0	For
Focus Partners Wealth	40,724	628	For
MATTERN CAPITAL MANAGEMENT, LLC	36,302	0	For
PEDDOCK CAPITAL ADVISORS, LLC	2,836	0	For
LEAVELL INVESTMENT MANAGEMENT, INC.	0	0	Not Voted
VALUED ADVISERS TRUST	2,000	0	For
COURIER CAPITAL LLC	1,843	0	For
Baker Avenue Asset Management, LP	933	0	For
WOODARD & CO ASSET MANAGEMENT GROUP INC /ADV	0	469	Against
Inlet Private Wealth, LLC	403	0	For
Blue Fin Capital, Inc.	300	0	For
Vancity Investment Management Ltd	0	273	Against
IMA Advisory Services, Inc.	224	0	For
VOISARD ASSET MANAGEMENT GROUP, INC.	45	0	For
Simplify Exchange Traded Funds	17	0	For

20. Amend Certificate of Incorporation to Limit the Liability of Certain Officers

CORPORATE GOVERNANCE

Meeting held 2025-05-08.

83% fund support · no official result

FOR 83%AGAINST 17%

The 10 asset managers below cast 83% of the shares they voted on this item FOR (216,181 for, 42,752 against).

FOR: 216,181 (83.5%)AGAINST: 42,752 (16.5%)

Largest asset managers voting on “Amend Certificate of Incorporation to Limit the Liability of Certain Officers” at ECOLAB INC., 2024-2025
Asset manager	For	Against	Vote
Erste Asset Management GmbH	117,904	0	For
Empower	34,383	0	For
HC CAPITAL TRUST	0	30,407	Against
GuideStone	28,181	0	For
Brighthouse	20,620	0	For
Lincoln Financial	0	8,354	Against
WORMSER FRERES GESTION	8,133	0	For
GreenFi Funds Trust	6,865	0	For
CLEARWATER INVESTMENT TRUST	0	3,991	Against
RWC Asset Management LLP	95	0	For

21. Ratify PricewaterhouseCoopers LLP as Auditors

AUDIT-RELATED

Meeting held 2025-05-08.

87% fund support · no official result

FOR 87%13%

The 10 asset managers below cast 87% of the shares they voted on this item FOR (224,535 for, 34,398 against).

FOR: 224,535 (86.7%)AGAINST: 34,398 (13.3%)

Largest asset managers voting on “Ratify PricewaterhouseCoopers LLP as Auditors” at ECOLAB INC., 2024-2025
Asset manager	For	Against	Vote
Erste Asset Management GmbH	117,904	0	For
Empower	34,383	0	For
HC CAPITAL TRUST	0	30,407	Against
GuideStone	28,181	0	For
Brighthouse	20,620	0	For
Lincoln Financial	8,354	0	For
WORMSER FRERES GESTION	8,133	0	For
GreenFi Funds Trust	6,865	0	For
CLEARWATER INVESTMENT TRUST	0	3,991	Against
RWC Asset Management LLP	95	0	For

22. Approve, on an advisory basis, the compensation of our named executive officers disclosed in the Proxy Statement

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2024-05-02 (outside the 2024-2025 season's 1 July to 30 June window; reported in this season's filings).

Combines 2 wordings of this item as funds reported it.

99.1% fund support · no official result

FOR 99.1%

The 6 asset managers below cast 99.1% of the shares they voted on this item FOR (22,298 for, 200 against).

FOR: 22,298 (99.1%)AGAINST: 200 (0.9%)

Largest asset managers voting on “Approve, on an advisory basis, the compensation of our named executive officers disclosed in the Proxy Stateme” at ECOLAB INC., 2024-2025
Asset manager	For	Against	Vote
DIVIDEND ASSETS CAPITAL, LLC	10,792	0	For
Sky Investment Group LLC	10,426	0	For
COLDSTREAM CAPITAL MANAGEMENT INC	1,032	0	For
Knuff & Co LLC	0	200	Against
Axiom Financial Strategies, LLC	48	0	For
Echo45 Advisors LLC	0	0	--

23. Approval, On An Advisory Basis, Of The Compensation Of Our Named Executive Officers Disclosed In The Proxy Statement

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-05-08.

100% fund support · no official result

FOR 100%

The 5 asset managers below cast 100% of the shares they voted on this item FOR (46,256 for, 0 against).

FOR: 46,256 (100.0%)

Largest asset managers voting on “Approval, On An Advisory Basis, Of The Compensation Of Our Named Executive Officers Disclosed In The Proxy Sta” at ECOLAB INC., 2024-2025
Asset manager	For	Vote
Robeco Institutional Asset Management B.V.	35,818	For
Universal-Investment-Gesellschaft mbH	6,407	For
Fiera Capital Corp	2,833	For
IQ EQ FUND MANAGEMENT (IRELAND) Ltd	1,198	For
IPConcept (Luxemburg) S.A.	0	--

24. Ratify Appointment of Independent Auditors

AUDIT-RELATED

Meeting held 2025-05-08.

2% fund support · no official result

AGAINST 98%

The 5 asset managers below cast 2% of the shares they voted on this item FOR (2,261 for, 115,544 against).

FOR: 2,261 (1.9%)AGAINST: 115,544 (98.1%)

Largest asset managers voting on “Ratify Appointment of Independent Auditors” at ECOLAB INC., 2024-2025
Asset manager	For	Against	Vote
Cardano Risk Management B.V.	0	115,544	Against
VALUED ADVISERS TRUST	2,000	0	For
Virtus	199	0	For
VOISARD ASSET MANAGEMENT GROUP, INC.	45	0	For
Simplify Exchange Traded Funds	17	0	For

25. Amendment to Certificate of Incorporation to Limit the Liability of Certain Officers

DIRECTOR ELECTIONS

Meeting held 2025-05-08.

0% fund support · no official result

AGAINST 100%

The 3 asset managers below cast 0% of the shares they voted on this item FOR (0 for, 135,653 against).

AGAINST: 135,653 (100.0%)

Largest asset managers voting on “Amendment to Certificate of Incorporation to Limit the Liability of Certain Officers” at ECOLAB INC., 2024-2025
Asset manager	Against	Vote
Cardano Risk Management B.V.	115,544	Against
Impact Asset Management GmbH	19,910	Against
Virtus	199	Against

26. Election of Directors (Majority Voting)

DIRECTOR ELECTIONS

Meeting held 2025-05-08.

All nominees (reported as one line). These filers reported the election of directors as a single line covering every nominee. It is not attributed to any one director, and no share total is shown for it.

100% fund support · no official result

FOR 100%

The 3 asset managers below cast 100% of the shares they voted on this item FOR.

FOR: 100.0%

Largest asset managers voting on “Election of Directors (Majority Voting)” at ECOLAB INC., 2024-2025
Asset manager	For	Vote
VALUED ADVISERS TRUST	24,000	For
VOISARD ASSET MANAGEMENT GROUP, INC.	45	For
Simplify Exchange Traded Funds	17	For

27. Say on pay

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-05-08.

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 3 asset managers below cast 100% of the shares they voted on this item FOR (569,866 for, 0 against).

FOR: 569,866 (100.0%)

Largest asset managers voting on “Say on pay” at ECOLAB INC., 2024-2025
Asset manager	For	Vote
Empower	567,843	For
CAPITAL MANAGEMENT CORP /VA	1,243	For
CHELSEA COUNSEL CO	780	For

28. Miscellaneous Corporate Actions

OTHER

Meeting held 2025-05-08.

27% fund support · no official result

FOR 27%AGAINST 73%

The 2 asset managers below cast 27% of the shares they voted on this item FOR (17 for, 45 against).

FOR: 17 (27.4%)AGAINST: 45 (72.6%)

Largest asset managers voting on “Miscellaneous Corporate Actions” at ECOLAB INC., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
VOISARD ASSET MANAGEMENT GROUP, INC.	0	45	0	0	Against
Simplify Exchange Traded Funds	17	0	0	0	For

29. ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-05-08.

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (264 for, 0 against).

FOR: 264 (100.0%)

Largest asset managers voting on “ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION” at ECOLAB INC., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
Parisi Gray Wealth Management	254	0	0	0	For
NTV ASSET MANAGEMENT LLC	10	0	0	0	For

30. Advisory vote to approve named executive officer compensation.

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-05-08.

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (308 for, 0 against).

FOR: 308 (100.0%)

Largest asset managers voting on “Advisory vote to approve named executive officer compensation.” at ECOLAB INC., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
ST GERMAIN D J CO INC	286	0	0	0	For
Keystone Wealth Services, LLC	22	0	0	0	For

31. Approve, on an advisory basis, the H of our named executive officers disclosed in the Proxy Statement.

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-05-08.

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (21,156 for, 0 against).

FOR: 21,156 (100.0%)

Largest asset managers voting on “Approve, on an advisory basis, the H of our named executive officers disclosed in the Proxy Statement.” at ECOLAB INC., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
Capitol Series Trust	18,156	0	0	0	For
Segall Bryant & Hamill Trust	3,000	0	0	0	For

Largest ECOLAB INC. shareholders voting in 2024-2025

Ranked by the number of ECOLAB INC. shares each manager voted on the most widely held ballot item of the 2024-2025 meeting, shown as a share of the 283,500,000 shares outstanding at the time of that meeting.

Top ECOLAB INC. shareholders by shares voted, 2024-2025
#	Asset manager	% of shares outstanding
1	Vanguard	10.54%
2	BlackRock	5.87%
3	State Street	3.41%
4	Fidelity	3.18%
5	GEODE CAPITAL MANAGEMENT, LLC	1.90%
6	Wellington	1.66%
7	Invesco	1.60%
8	Aristotle Capital Management, LLC	1.46%
9	PICTET ASSET MANAGEMENT SA	1.16%
10	Charles Schwab	1.05%

Reported ECOLAB INC. ownership

Positions disclosed to the SEC on Schedules 13D and 13G, Form 13F and the company’s own proxy statement (DEF 14A).

ECOLAB INC. beneficial owners on record for the 2024-2025 proxy season
Holder	% outstanding	Disclosure
BlackRock	8.03%	13F
State Street	3.98%	13F
Morgan Stanley	2.46%	13F
Wellington Management	1.68%	13F
Northern Trust	1.10%	13F
Franklin Templeton	0.99%	13F
Goldman Sachs	0.96%	13F
Invesco	0.96%	13F

Percentages above are of 283,500,000 shares outstanding, as reported by ECOLAB INC. on its Form 10-Q dated 2025-03-31 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 meeting, so the percentages are the ones that were true then, not ones restated against today’s share count.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered investment companies and institutional managers disclose how they voted every proxy, and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from ECOLAB INC.’s 10-Q dated 2025-03-31. This page is a static snapshot rebuilt weekly on 02 October 2026; a live search always shows the current data.

At ECOLAB INC.'s shareholder meeting held 2025-05-08, in the 2024-2025 proxy season, 1,196 asset managers reported how they voted in their SEC Form N-PX filings, covering 16,645 separate fund positions. Their filings are grouped here into 31 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. ECOLAB INC.'s own Form 8-K tally for this meeting is published below, but no row in it could be matched to the most widely held item, so this page states no certified outcome for that item. On that item — Approve, on an advisory basis, the compensation of our named executive officers disclosed in… — the reporting funds cast 93% of the shares they voted in favour (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side). That is the aggregate of those managers' own N-PX disclosures, not the company's certified result, and the funds are a subset of all shareholders.

ECOLAB INC. proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.