ECOLAB INC. — Director's Dealing 2021

Dec 3, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ECOLAB INC. (ECL)
CIK: 0000031462
Period of Report: 2021-12-01

Reporting Person: Busch Angela M (N/A)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-12-01	Employee Stock Option (Right to Buy)	$223.780	A	9037	Acquired	2031-12-01	Common Stock (9037)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	13752	Direct
Common Stock	1397.542	Indirect

Footnotes

F1: Number of UNITS in the Ecolab Stock Fund of the Ecolab Savings Plan (401(k) Plan) as of November 30, 2021. (The 1,397.542 UNITS are the equivalent of approximately 2,561 SHARES of the issuer's Common Stock.)

F2: Option granted under the Ecolab Inc. 2010 Stock Incentive Plan. The option 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 in the "Date Exercisable" column represents the first anniversary of the date of grant.