Angela M. Busch - Feb 25, 2022 Form 4 Insider Report for ECOLAB INC. (ECL)

Role
EVP - CORP STRAT & BUS DEV
Signature
/s/ David F. Duvick, as Attorney-in-Fact for Angela M. Busch
Stock symbol
ECL
Transactions as of
Feb 25, 2022
Transactions value $
-$128,016
Form type
4
Date filed
2/28/2022, 04:23 PM
Previous filing
Feb 25, 2022
Next filing
Mar 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ECL Common Stock Options Exercise $0 +2.34K +15.54% $0.00 17.4K Feb 25, 2022 Direct
transaction ECL Common Stock Tax liability -$128K -718 -4.12% $178.30 16.7K Feb 25, 2022 Direct F1
holding ECL Common Stock 1.4K Feb 25, 2022 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 Restricted Stock Units Options Exercise -2.34K -24.99% 7.04K Feb 25, 2022 Common Stock 2.34K Direct F3
* 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 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. (The 1,404.270 UNITS are the equivalent of approximately 2,579 SHARES of the issuer's Common Stock.)
F3 Represents the first (out of four) vesting of units from an initial grant of 9,379 restricted stock units made on February 25, 2021. The vesting schedule for the original grant provided for the units to vest, subject to continued employment, as to one-fourth of the units (excluding any fractional portion less than one unit), on each of the first, second and third anniversaries of the date of grant and as to the remaining units on the fourth anniversary of the date of grant. Restricted stock units convert into common stock on a one-for-one basis.