Gergely Sved - 06 May 2023 Form 4 Insider Report for ECOLAB INC. (ECL)

Role: EVP & PRES - HC & LIFE SCI
Signature: /s/ David F. Duvick, as Attorney-in-Fact for Gergely Sved
Issuer symbol: ECL
Transactions as of: 06 May 2023
Net transactions value: -$181,555
Form type: 4
Filing time: 09 May 2023, 17:03:26 UTC
Previous filing: 03 Mar 2023
Next filing: 08 Dec 2023
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		+1,855	+542%		2,197	06 May 2023	Direct	F1
transaction	ECL	Common Stock	Tax liability	$181,555	-1,045	-48%	$173.74	1,152	06 May 2023	Direct	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	Restricted Stock Units	Options Exercise		-1,855	-100%		0	06 May 2023	Common Stock	1,855		Direct	F1

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

Explanation of Responses:

Id	Content
F1	On May 6, 2020, the reporting person was granted 1,855 restricted stock units vesting as to 100% of the units on the third anniversary of the date of grant, subject to continued employment. The restricted stock units converted into common stock on a one-for-one basis.
F2	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.