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ECOLAB INC. Director's Dealing 2020

May 4, 2020

29912_dirs_2020-05-04_fc35ba54-564a-4726-949b-56c543397f7a.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ECOLAB INC. (ECL)
CIK: 0000031462
Period of Report: 2020-04-30

Reporting Person: Inchaustegui Roberto (EVP - Growth Initiatives)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2020-04-30 Common Stock S 2405 $193.112 Disposed 29579 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 846.210 Indirect

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $193.00 to $193.315, inclusive. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F2: Number of UNITS in the Ecolab Stock Fund of the Ecolab Savings Plan (401-k Plan) as of March 31, 2020. (The 846.210 UNITS are the equivalent of approximately 1,554 SHARES of the issuer's Common Stock.)