Gail Peterson - Dec 7, 2022 Form 4 Insider Report for ECOLAB INC. (ECL)

Role: SVP - GLOBAL MKTG & COMMS
Signature: /s/ David F. Duvick, as Attorney-in-Fact for Gail Peterson
Stock symbol: ECL
Transactions as of: Dec 7, 2022
Transactions value $: $0
Form type: 4
Date filed: 12/9/2022, 04:19 PM
Previous filing: Feb 25, 2022
Next filing: Jan 23, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	ECL	Common Stock						2.24K	Dec 7, 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	Employee Stock Option (Right to Buy)	Award	$0	+12.4K		$0.00	12.4K	Dec 7, 2022	Common Stock	12.4K	$148.50	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 182 shares of Ecolab Common Stock. It was later determined that the number of shares withheld was overcounted by 1 share as a total of 181 shares were actually withheld. Accordingly, 1 share has been added to the reporting person's end of period holdings.
F2	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.

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 182 shares of Ecolab Common Stock. It was later determined that the number of shares withheld was overcounted by 1 share as a total of 181 shares were actually withheld. Accordingly, 1 share has been added to the reporting person's end of period holdings.

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.