Timothy P. Mulhere - 19 Aug 2021 Form 4 Insider Report for ECOLAB INC. (ECL)

Role: EVP & PRES - GLOBAL INST
Signature: /s/ David F. Duvick, as Attorney-in-Fact for Timothy P. Mulhere
Issuer symbol: ECL
Transactions as of: 19 Aug 2021
Net transactions value: -$2,358,580
Form type: 4
Filing time: 20 Aug 2021, 17:21:51 UTC
Previous filing: 11 May 2021
Next filing: 18 Nov 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ECL	Common Stock	Options Exercise	$342,708	+2,877	+15%	$119.12	21,844	19 Aug 2021	Direct
transaction	ECL	Common Stock	Sale	$635,826	-2,877	-13%	$221.00	18,967	19 Aug 2021	Direct	F1
transaction	ECL	Common Stock	Options Exercise	$2,405,509	+20,194	+106%	$119.12	39,161	20 Aug 2021	Direct
transaction	ECL	Common Stock	Sale	$4,470,972	-20,194	-52%	$221.40	18,967	20 Aug 2021	Direct	F2
holding	ECL	Common Stock						1,925	19 Aug 2021	By Ecolab Savings Plan	F3

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	$0	-2,877	-12%	$0.000000	20,194	19 Aug 2021	Common Stock	2,877	$119.12	Direct	F4
transaction	ECL	Employee Stock Option (Right to Buy)	Options Exercise	$0	-20,194	-100%	$0.000000^*	0	20 Aug 2021	Common Stock	20,194	$119.12	Direct	F4

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

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $221.00 to $221.03, inclusive. The reporting person undertakes to provide to Ecolab Inc., any security holder of Ecolab Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (1) to this Form 4.
F2	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $221.00 to $221.85, inclusive. The reporting person undertakes to provide to Ecolab Inc., any security holder of Ecolab Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (2) to this Form 4.
F3	Number of UNITS in the Ecolab Stock Fund of the Ecolab Savings Plan (401(k) Plan) as of July 31, 2021. Includes 6.687 UNITS acquired since the reporting person's last report. (The 1,925.306 UNITS are the equivalent of approximately 3,530 SHARES of the issuer's Common Stock.)
F4	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 reflected in the Date Exercisable column is the first anniversary of the date of grant.