Scott D. Kirkland - Aug 3, 2021 Form 4 Insider Report for ECOLAB INC. (ECL)

Role: SVP & CORPORATE CONTROLLER
Signature: /s/ David F. Duvick, as Attorney-in-Fact for Scott D. Kirkland
Stock symbol: ECL
Transactions as of: Aug 3, 2021
Transactions value $: -$543,973
Form type: 4
Date filed: 8/5/2021, 05:52 PM
Previous filing: May 17, 2021
Next filing: Dec 3, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ECL	Common Stock	Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities	$65.5K	+163	+14.98%	$402.21	1.25K	Aug 3, 2021	By Ecolab Savings Plan	F1
transaction	ECL	Common Stock	Options Exercise	$200K	+2.8K	+84.29%	$71.54	6.12K	Aug 5, 2021	Direct
transaction	ECL	Common Stock	Sale	-$609K	-2.8K	-45.74%	$217.67	3.32K	Aug 5, 2021	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	ECL	Employee Stock Option (Right to Buy)	Options Exercise	-$200K	-2.8K	-100%	$71.54	0	Aug 5, 2021	Common Stock	2.8K	$71.54	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents an intra-plan transfer of 162.83 UNITS into the Ecolab Stock Fund of the Ecolab Savings Plan (401(k) Plan) at a price of $402.21 per UNIT. This is equivalent to the acquisition of approximately 298 shares of the Issuer's Common Stock at a price of $219.36 per share. The 1,249.732 UNITS in the Ecolab Stock Fund of the Ecolab Savings Plan following this transaction include 9.216 UNITS acquired since the reporting person's last report. (The 1,249.732 UNITS are the equivalent of approximately 2,291 SHARES of the issuer's Common Stock.)
F2	This transaction was executed in multiple trades at prices ranging from $217.470 to $217.970, inclusive. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F3	The option became exercisable, on a cumulative basis, as to one-third of the option shares (excluding any fractional portion less than one share), on each of the first and second anniversaries of the date of grant and as to the remaining shares on the third anniversary of the date of grant. The date listed in the "Date Exercisable" column represents the first anniversary date of the grant.