Scott D. Kirkland - Dec 7, 2022 Form 4 Insider Report for ECOLAB INC. (ECL)

Role: CHIEF FINANCIAL OFFICER
Signature: /s/ David F. Duvick, as Attorney-in-Fact for Scott D. Kirkland
Stock symbol: ECL
Transactions as of: Dec 7, 2022
Transactions value $: $0
Form type: 4
Date filed: 12/9/2022, 04:14 PM
Previous filing: Feb 25, 2022
Next filing: Feb 24, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	ECL	Common Stock						3.85K	Dec 7, 2022	Direct	F1
holding	ECL	Common Stock						1.3K	Dec 7, 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	Employee Stock Option (Right to Buy)	Award	$0	+40.6K		$0.00	40.6K	Dec 7, 2022	Common Stock	40.6K	$148.50	Direct	F3

* 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 254 shares of Ecolab Common Stock. It was later determined that the number of shares withheld was overcounted by 7 shares as a total of 247 shares were actually withheld. Accordingly, 7 shares have been added to the reporting person's end of period holdings.
F2	Number of UNITS in the Ecolab Stock Fund of the Ecolab Savings Plan (401(k) Plan) as of November 30, 2022. Includes 39.372 UNITS acquired since the reporting person's last report. (The 1,301.051 UNITS are the equivalent of approximately 2,398 SHARES of the issuer's Common Stock.)
F3	The option will be 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 shares on the third anniversary of the date of grant. The date listed in the "Date Exercisable" column is the first anniversary of the date of grant.