Daniel J. Schmechel - Dec 1, 2021 Form 4 Insider Report for ECOLAB INC. (ECL)

Role: CFO
Signature: /s/ David F. Duvick, Attorney-in-Fact for Daniel J. Schmechel
Stock symbol: ECL
Transactions as of: Dec 1, 2021
Transactions value $: $0
Form type: 4
Date filed: 12/3/2021, 04:19 PM
Next filing: Jan 25, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	ECL	Common Stock						148K	Dec 1, 2021	Direct	F1
holding	ECL	Common Stcok						3.5K	Dec 1, 2021	By Wilhelmina M. Wright Revocable Trust u/a dated 10/26/2016
holding	ECL	Common Stock						51.5K	Dec 1, 2021	By Kathryn W. Schmechel 2020 Trust u/a dated 12/14/2020
holding	ECL	Common Stock						2.93K	Dec 1, 2021	By Ecolab Savings Plan	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)	Award	$0	+23.6K		$0.00	23.6K	Dec 1, 2021	Common Stock	23.6K	$223.78	Direct	F3

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

Explanation of Responses:

Id	Content
F1	The total includes 0.954 shares acquired on April 17, 2021, 0.982 shares acquired on July 19, 2021, and 0.955 shares acquired on October 19, 2021 by dividend reinvestment under the Dividend Reinvestment Plan for shareholders of Ecolab sponsored by Computershare Trust Company, N.A.
F2	Number of UNITS in the Ecolab Stock Fund of the Ecolab Savings Plan (401(k) Plan) as of November 30, 2021. Includes 19.193 UNITS acquired since the reporting person's last report. (The 2,951.640 UNITS are the equivalent of approximately 5,409 SHARES of the issuer's Common Stock.)
F3	Option granted under the Ecolab Inc. 2010 Stock Incentive Plan. The option becomes 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.