ECOLAB INC. — Director's Dealing 2021

Sep 10, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ECOLAB INC. (ECL)
CIK: 0000031462
Period of Report: 2021-09-08

Reporting Person: REICH VICTORIA (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-09-08	Common Stock	M	1300	$63.995	Acquired	22518.48	Direct
2021-09-08	Common Stock	M	3200	$84.265	Acquired	25718.48	Direct
2021-09-08	Common Stock	S	4500	$229.004	Disposed	21218.48	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-09-08	Non-Employee Director Stock Option (Right to Buy)	$63.995	M	1300	Disposed	2022-05-03	Common Stock (1300)	Direct
2021-09-08	Non-Employee Director Stock Option (Right to Buy)	$84.265	M	3200	Disposed	2023-05-02	Common Stock (3200)	Direct

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $229.000 to $229.035, 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: The option became exercisable, on a cumulative basis, as to 25% of the option shares (excluding any fractional portion less than one share), on the last day of each of the first, second and third three-month periods following its date of grant and as to the remaining shares on the last day of the fourth three-month period following its date of grant. The date listed in the "Date Exercisable" column represents the first vesting date.