Douglas M. Baker Jr. - 23 Feb 2022 Form 4 Insider Report for ECOLAB INC. (ECL)

Role: EXEC CHAIRMAN OF THE BOARD, Director
Signature: /s/ David F. Duvick, as Attorney-in-Fact for Douglas M. Baker, Jr.
Issuer symbol: ECL
Transactions as of: 23 Feb 2022
Net transactions value: -$2,589,426
Form type: 4
Filing time: 25 Feb 2022, 15:37:26 UTC
Previous filing: 06 Jan 2022
Next filing: 10 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ECL	Common Stock	Award	$0	+34,202	+5.7%	$0.000000	631,813	23 Feb 2022	Direct
transaction	ECL	Common Stock	Tax liability	$2,589,426	-14,747	-2.3%	$175.59	617,066	23 Feb 2022	Direct	F1
holding	ECL	Common Stock						7,050	23 Feb 2022	By Spouse
holding	ECL	Common Stock						72,850	23 Feb 2022	By Julie M. Baker 2012 Revocable Trust
holding	ECL	Common Stock						72,500	23 Feb 2022	By Douglas M. Baker, Jr. 2012 Irrevocable Trust
holding	ECL	Common Stock						5,758	23 Feb 2022	By Ecolab Savings Plan	F2

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

Explanation of Responses:

Id	Content
F1	Reflects the reporting person's payment of minimum statutory tax obligations by withholding shares of Ecolab Common Stock incident to the vesting of performance-based restricted stock units in accordance with Rule 16b-3.
F2	Number of UNITS in the Ecolab Stock Fund of the Ecolab Savings Plan (401(k) Plan) as of January 31, 2022. Includes 13.594 UNITS acquired since the reporting person's last report. (The 5,757.747 UNITS are the equivalent of approximately 10,576 SHARES of the issuer's Common Stock.)