ECOLAB INC. — Director's Dealing 2020

Dec 8, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ECOLAB INC. (ECL)
CIK: 0000031462
Period of Report: 2020-03-10

Reporting Person: Kirkland Scott D (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-05-21	Common Stock	G	75	—	Disposed	2748	Direct
2020-03-10	Common Stock	I	617.902	$350.03	Acquired	633.604	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-12-03	Employee Stock Option (Right to Buy)	$221.410	A	4230	Acquired	2030-12-03	Common Stock (4230)	Direct
2020-12-03	Restricted Stock Units	$	A	2482	Acquired		Common Stock (2482)	Direct

Footnotes

F1: The amount and price reflect UNITS and price per UNIT with respect to the Ecolab Stock Fund of the Ecolab Savings Plan (401-k plan) and are equivalent to approximately 1,133 SHARES of the issuer's Common Stock and a price of $190.85 per share.

F2: Number of UNITS in the Ecolab Stock Fund of the Ecolab Savings Plan (401(k) Plan) as of November 30, 2020. Includes 15.702 UNITS acquired since the reporting person's last report. (The 633.604 UNITS are the equivalent of approximately 1,162 SHARES of the issuer's Common Stock.)

F3: 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.

F4: Each restricted stock unit represents a contingent right to receive one share of Ecolab Inc. common stock. The units will vest, subject to continued employment, as to 100% of the grant amount on the third anniversary of the date of grant.