Angela M. Busch - 07 Sep 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
Issuer symbol: ECL
Transactions as of: 07 Sep 2022
Net transactions value: -$227,976
Form type: 4
Filing time: 09 Sep 2022, 16:37:20 UTC
Previous filing: 06 Sep 2022
Next filing: 02 Dec 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	Options Exercise	$164,542	+2,300	+14%	$71.54	19,016	07 Sep 2022	Direct
transaction	ECL	Common Stock	Sale	$392,518	-2,300	-12%	$170.66	16,716	07 Sep 2022	Direct
holding	ECL	Common Stock						1,440	07 Sep 2022	By Ecolab Savings Plan	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	Employee Stock Option (Right to Buy)	Options Exercise	$0	-2,300	-100%	$0.000000^*	0	07 Sep 2022	Common Stock	2,300	$71.54	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Number of UNITS in the Ecolab Stock Fund of the Ecolab Savings Plan (401(k) Plan) as of August 31, 2022. (The 1,439.743 UNITS are the equivalent of approximately 2,648 SHARES of the issuer's Common Stock.)
F2	Option granted under the Ecolab Inc. 2010 Stock Incentive Plan. The option became 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.

Content

Number of UNITS in the Ecolab Stock Fund of the Ecolab Savings Plan (401(k) Plan) as of August 31, 2022. (The 1,439.743 UNITS are the equivalent of approximately 2,648 SHARES of the issuer's Common Stock.)

Option granted under the Ecolab Inc. 2010 Stock Incentive Plan. The option became 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.