Scott D. Kirkland - Jun 20, 2023 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: Jun 20, 2023
Transactions value $: -$50,878
Form type: 4
Date filed: 6/22/2023, 06:06 PM
Previous filing: Mar 3, 2023
Next filing: Dec 5, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ECL	Common Stock	Options Exercise	$222K	+2.15K	+49.24%	$103.27	6.52K	Jun 20, 2023	Direct
transaction	ECL	Common Stock	Tax liability	-$273K	-1.51K	-23.16%	$180.85	5.01K	Jun 20, 2023	Direct	F1
holding	ECL	Common Stock						1.34K	Jun 20, 2023	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)	Options Exercise	$0	-2.15K	-100%	$0.00^*	0	Jun 20, 2023	Common Stock	2.15K	$103.27	Direct	F3

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

Explanation of Responses:

Id	Content
F1	Reflects the reporting person's payment of the exercise price and withholding taxes for a stock option issued in accordance with Rule 16b-3 by delivering or withholding shares of Ecolab common stock.
F2	Number of UNITS in the Ecolab Stock Fund of the Ecolab Savings Plan (401(k) Plan) as of May 30, 2023. Includes 28.871 UNITS acquired since the reporting person's last report. (The 1,344.491 UNITS are the equivalent of approximately 2,477 SHARES of the issuer's Common Stock.)
F3	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 shares on the third anniversary of the date of grant. The date listed in the "Date Exercisable" column represents the first anniversary date of the grant.