ECOLAB INC. — Director's Dealing 2020

Feb 28, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: Inchaustegui Roberto (EVP - Growth Initiatives)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-26	Common Stock	A	4369	—	Acquired	33948	Direct
2020-02-26	Common Stock	F	1964	$195.74	Disposed	31984	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	846.210	Indirect

Footnotes

F1: Reflects the reporting person's payment of minimum statutory tax obligations by withholding shares of Ecolab Common Stock incident to the vesting of performance-based restricted stock units in accordance with Rule 16b-3.

F2: Number of UNITS in the Ecolab Stock Fund of the Ecolab Savings Plan (401-k Plan) as of February 21, 2020. (The 846.210 UNITS are the equivalent of approximately 1,551 SHARES of the issuer's Common Stock.)