ECOLAB INC. — Director's Dealing 2021

May 17, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ECOLAB INC. (ECL)
CIK: 0000031462
Period of Report: 2021-05-13

Reporting Person: Kirkland Scott D (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-05-13	Common Stock	I	428.982	$406.02	Acquired	1077.686	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3322	Direct

Footnotes

F1: Represents an intra-plan transfer of 428.982 UNITS into the Ecolab Stock Fund of the Ecolab Savings Plan (401(k) Plan) at a price of $406.02 per UNIT. This is equivalent to the acquisition of approximately 786 shares of the Issuer's Common Stock at a price of $221.48 per share. The 1,077.686 UNITS in the Ecolab Stock Fund of the Ecolab Savings Plan following this transaction includes 8.436 UNITS acquired since the reporting person's last report. (The 1,077.686 UNITS are the equivalent of approximately 1,976 SHARES of the issuer's Common Stock.)