HIGGINS ARTHUR J - 13 Jun 2023 Form 4 Insider Report for ECOLAB INC. (ECL)

Role: Director
Signature: /s/ David F. Duvick, as Attorney-in-Fact for Arthur J. Higgins
Issuer symbol: ECL
Transactions as of: 13 Jun 2023
Net transactions value: -$183,552
Form type: 4
Filing time: 15 Jun 2023, 16:36:33 UTC
Previous filing: 16 May 2023
Next filing: 05 Jul 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	$251,640	+2,400	+10%	$104.85	26,375	13 Jun 2023	Direct
transaction	ECL	Common Stock	Sale	$435,192	-2,400	-9.1%	$181.33	23,975	13 Jun 2023	Direct

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	Non-Employee Director Stock Option (Right to Buy)	Options Exercise	$0	-2,400	-100%	$0.000000^*	0	13 Jun 2023	Common Stock	2,400	$104.85	Direct	F1

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

Explanation of Responses:

Id	Content
F1	The option was granted on May 8, 2014. It became exercisable, on a cumulative basis, as to 25% of the option shares (excluding any fractional portion less than one share), on the last day of each of the first, second and third three-month periods following its date of grant and as to the remaining shares on the last day of the fourth three-month period following its date of grant. The date listed in the "Date Exercisable" column represents the first vesting date.

Content

The option was granted on May 8, 2014. It became exercisable, on a cumulative basis, as to 25% of the option shares (excluding any fractional portion less than one share), on the last day of each of the first, second and third three-month periods following its date of grant and as to the remaining shares on the last day of the fourth three-month period following its date of grant. The date listed in the "Date Exercisable" column represents the first vesting date.