ECOLAB INC. — Director's Dealing 2020

May 4, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ECOLAB INC. (ECL)
CIK: 0000031462
Period of Report: 2020-02-26

Reporting Person: Duijser Machiel (EVP & CSCO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-26	Restricted Stock Units	$	A	12608	Acquired		Common Stock (12608)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	143	Direct

Footnotes

F1: 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.