ECOLAB INC. — Director's Dealing 2022

Dec 9, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ECOLAB INC. (ECL)
CIK: 0000031462
Period of Report: 2022-12-07

Reporting Person: Brown Darrell R (N/A)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-12-07	Employee Stock Option (Right to Buy)	$148.495	A	35288	Acquired	2032-12-07	Common Stock (35288)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	20873	Direct

Footnotes

F1: On February 25, 2022, the reporting person filed a Form 4 reporting the payment of minimum statutory tax obligations incident to the vesting of performance-based restricted stock units in accordance with Rule 16b-3 by withholding 1,166 shares of Ecolab Common Stock. It was later determined that the number of shares withheld was overcounted by 7 shares as a total of 1,159 shares were actually withheld. Accordingly, 7 shares have been added to the reporting person's end of period holdings.

F2: The option will be 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 shares on the third anniversary of the date of grant. The date listed in the "Date Exercisable" column is the first anniversary of the date of grant.