ECOLAB INC

Ticker: ECL CUSIP: 278865100 Class: COM

Telos Capital Management, Inc.'s Holding History (CIK: 0001567889)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 989 Value ($000) $260 Avg Close $265.71 Range $251.04 - $281.41

Q3 2025

Shares 987 Value ($000) $270 Avg Close $270.32 Range $253.71 - $284.56

Q2 2025

Shares 994 Value ($000) $268 Avg Close $252.35 Range $219.93 - $269.19

Q1 2025

Shares 995 Value ($000) $252 Avg Close $249.61 Range $225.31 - $270.90

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	989	$260	$265.71	$251.04 - $281.41
Q3 2025	987	$270	$270.32	$253.71 - $284.56
Q2 2025	994	$268	$252.35	$219.93 - $269.19
Q1 2025	995	$252	$249.61	$225.31 - $270.90