Jennifer J. Bradway - 15 Feb 2024 Form 4 Insider Report for ECOLAB INC. (ECL)

Role: SVP & CORPORATE CONTROLLER
Signature: /s/ David F. Duvick, as Attorney-in-Fact for Jennifer J. Bradway
Issuer symbol: ECL
Transactions as of: 15 Feb 2024
Net transactions value: -$83,091
Form type: 4
Filing time: 16 Feb 2024, 16:37:45 UTC
Previous filing: 08 Dec 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
transaction	ECL	Common Stock	Options Exercise	$120,823	+1,122	+39%	$107.68	3,973	15 Feb 2024	Direct	F1
transaction	ECL	Common Stock	Sale	$203,913	-944	-24%	$216.01	3,029	15 Feb 2024	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	Employee Stock Option (Right to Buy)	Options Exercise	$0	-1,122	-100%	$0.000000^*	0	15 Feb 2024	Common Stok	1,122	$107.68	Direct	F2

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

Explanation of Responses:

Id	Content
F1	The total includes 38.225 shares resulting from automatic dividend reinvestment in transactions exempt pursuant to Rule 16a-11 under Section 16 of the Securities Exchange Act of 1934.
F2	Option granted under the Ecolab Inc. 2010 Stock Incentive Plan. The option became or becomes 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 option shares on the third anniversary of the date of grant. The date listed is the first anniversary of the date of grant.

Content

The total includes 38.225 shares resulting from automatic dividend reinvestment in transactions exempt pursuant to Rule 16a-11 under Section 16 of the Securities Exchange Act of 1934.

Option granted under the Ecolab Inc. 2010 Stock Incentive Plan. The option became or becomes 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 option shares on the third anniversary of the date of grant. The date listed is the first anniversary of the date of grant.