Victoria Reich - Nov 10, 2021 Form 4 Insider Report for ECOLAB INC. (ECL)

Role: Director
Signature: /s/ David F. Duvick, as Attorney-in-Fact for Victoria J. Reich
Stock symbol: ECL
Transactions as of: Nov 10, 2021
Transactions value $: -$308,201
Form type: 4
Date filed: 11/12/2021, 04:44 PM
Previous filing: Oct 5, 2021
Next filing: Jan 4, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	Price $	Shares After	Date	Ownership	Footnotes
transaction	ECL	Common Stock	Options Exercise	$252 K	+2.4 K	+11.22%	$104.85	23.8 K	Nov 10, 2021	Direct
transaction	ECL	Common Stock	Sale	-$560 K	-2.4 K	-10.08%	$233.27	21.4 K	Nov 10, 2021	Direct	F1

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	Non-Employee Stock Option (Right to Buy)	Options Exercise	$0	-2.4 K	-100%	$0.00	0	Nov 10, 2021	Common Stock	2.4 K	$104.85	Direct	F2

Explanation of Responses:

Id	Content
F1	This transaction was executed in multiple trades at prices ranging from $233.205 to $233.345, 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.
F2	The option became exercisable, on a cumulative basis, as to 25% of the option shares (excluding any fractional portion less than one share), on the last day of each of the first, second and third three-month periods following its date of grant and as to the remaining shares on the last day of the fourth three-month period following its date of grant. The date listed in the "Date Exercisable" column represents the first vesting date.

Content

This transaction was executed in multiple trades at prices ranging from $233.205 to $233.345, 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.

The option became exercisable, on a cumulative basis, as to 25% of the option shares (excluding any fractional portion less than one share), on the last day of each of the first, second and third three-month periods following its date of grant and as to the remaining shares on the last day of the fourth three-month period following its date of grant. The date listed in the "Date Exercisable" column represents the first vesting date.