Michael C. McCormick - Nov 29, 2021 Form 4 Insider Report for ECOLAB INC. (ECL)

Role: EVP, GC & SECRETARY
Signature: /s/ David F. Duvick, as Attorney-in-Fact for Michael C. McCormick
Stock symbol: ECL
Transactions as of: Nov 29, 2021
Transactions value $: -$1,247,579
Form type: 4
Date filed: 12/1/2021, 03:32 PM
Previous filing: Nov 5, 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	Options Exercise	$1.89M	+13.8K	+27.19%	$137.09	64.6K	Nov 29, 2021	Direct
transaction	ECL	Common Stock	Sale	-$3.14M	-13.8K	-21.38%	$227.37	50.8K	Nov 29, 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	Employee Stock Option (Right to Buy)	Options Exercise	$0	-13.8K	-100%	$0.00^*	0	Nov 29, 2021	Common Stock	13.8K	$137.09	Direct	F2

* 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 $226.932 to $227.780, 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 this footnote.
F2	Option granted under the Ecolab Inc. 2010 Stock Incentive Plan. 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 option shares on the third anniversary of the date of grant. The date listed in the "Date Exercisable" column represents the first anniversary of the date of grant.

Content

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $226.932 to $227.780, 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 this footnote.

Option granted under the Ecolab Inc. 2010 Stock Incentive Plan. 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 option shares on the third anniversary of the date of grant. The date listed in the "Date Exercisable" column represents the first anniversary of the date of grant.