Laurie M. Marsh - Aug 3, 2022 Form 4 Insider Report for ECOLAB INC. (ECL)

Role: EVP - HUMAN RESOURCES
Signature: /s/ David F. Duvick, as Attorney-in-Fact for Laurie M. Marsh
Stock symbol: ECL
Transactions as of: Aug 3, 2022
Transactions value $: $0
Form type: 4
Date filed: 8/5/2022, 05:14 PM
Previous filing: Feb 25, 2022
Next filing: Dec 9, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	ECL	Common Stock						16.2K	Aug 3, 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	Award	$0	+12.9K		$0.00	12.9K	Aug 3, 2022	Common Stock	12.9K		Direct	F2

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

Explanation of Responses:

Id	Content
F1	On February 25, 2022, the reporting person filed a Form 4 reporting the payment of minimum statutory tax obligations incident to the vesting of performance-based restricted stock units in accordance with Rule 16b-3 by withholding 721 shares of Ecolab Common Stock. It was later determined that the number of shares withheld was overcounted by 6 shares as a total of 715 shares were actually withheld. Accordingly, 6 shares have been added to the reporting person's end of period holdings.
F2	Each restricted stock unit represents a contingent right to receive one share of Ecolab Inc. common stock. The units will vest, subject to continued employment, as to one-third of the units (excluding any fractional portion less than one unit), on each of the first and second anniversaries of the date of grant and as to the remaining units on the third anniversary of the date of grant.

Content

On February 25, 2022, the reporting person filed a Form 4 reporting the payment of minimum statutory tax obligations incident to the vesting of performance-based restricted stock units in accordance with Rule 16b-3 by withholding 721 shares of Ecolab Common Stock. It was later determined that the number of shares withheld was overcounted by 6 shares as a total of 715 shares were actually withheld. Accordingly, 6 shares have been added to the reporting person's end of period holdings.

Each restricted stock unit represents a contingent right to receive one share of Ecolab Inc. common stock. The units will vest, subject to continued employment, as to one-third of the units (excluding any fractional portion less than one unit), on each of the first and second anniversaries of the date of grant and as to the remaining units on the third anniversary of the date of grant.