Christophe Beck - 06 Dec 2023 Form 4 Insider Report for ECOLAB INC. (ECL)

Role: CHAIRMAN & CEO, Director
Signature: /s/ David F. Duvick, as Attorney-in-Fact for
Issuer symbol: ECL
Transactions as of: 06 Dec 2023
Net transactions value: $0
Form type: 4
Filing time: 08 Dec 2023, 17:19:20 UTC
Previous filing: 05 May 2023
Next filing: 23 Feb 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	ECL	Common Stock						53,043	06 Dec 2023	Direct
holding	ECL	Common Stock						1,494	06 Dec 2023	By Ecolab Savings Plan	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	+80,342		$0.000000	80,342	06 Dec 2023	Common Stock	80,342	$191.03	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Number of UNITS in the Ecolab Stock Fund of the Ecolab Savings Plan (401(k) Plan) as of November 30, 2023. Includes 8.835 UNITS acquired since the reporting person's last report. (The 1,493.611 UNITS are the equivalent of approximately 2,748 SHARES of the issuer's Common Stock.)
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.