Machiel Duijser - Feb 26, 2022 Form 4 Insider Report for ECOLAB INC. (ECL)

Role
EVP & CSCO
Signature
/s/ David F. Duvick, as Attorney-in-Fact for Machiel Duijser
Stock symbol
ECL
Transactions as of
Feb 26, 2022
Transactions value $
-$231,784
Form type
4
Date filed
2/28/2022, 04:26 PM
Previous filing
Dec 3, 2021
Next filing
Dec 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ECL Common Stock Options Exercise $0 +4.2K +263.35% $0.00 5.8K Feb 26, 2022 Direct
transaction ECL Common Stock Tax liability -$232K -1.3K -22.42% $178.30 4.5K Feb 26, 2022 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 Restricted Stock Units Options Exercise -4.2K -50% 4.2K Feb 26, 2022 Common Stock 4.2K Direct 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 restricted stock units in accordance with Rule 16b-3.
F2 Represents the second (out of three) vesting of units from an initial grant of 12,608 restricted stock units made on February 26, 2020. The vesting schedule for the original grant provided for the units to vest, subject to the reporting person's continued employment, as to one-third of the grant amount (excluding any factional portion less than one share), on each of the first and second anniversaries of the date of grant and as to the remaining shares on the third anniversary of the date of grant. Restricted stock units convert into common stock on a one-for-one basis.