ECOLAB INC. — Director's Dealing 2021

Mar 1, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ECOLAB INC. (ECL)
CIK: 0000031462
Period of Report: 2021-02-25

Reporting Person: Mulhere Timothy P (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-25	Common Stock	A	4560	—	Acquired	20162.393	Direct
2021-02-25	Common Stock	F	1195	$213.545	Disposed	18967.393	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1909.748	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 January 31, 2021. Includes 5.981 UNITS acquired since the reporting person's last report. (The 1,909.748 UNITS are the equivalent of approximately 3,505 SHARES of the issuer's Common Stock.)