ECOLAB INC. — Director's Dealing 2022

Aug 5, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ECOLAB INC. (ECL)
CIK: 0000031462
Period of Report: 2022-08-03

Reporting Person: Marsh Laurie M (N/A)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-08-03	Restricted Stock Units	$	A	12915	Acquired		Common Stock (12915)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	16222	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 721 shares of Ecolab Common Stock. It was later determined that the number of shares withheld was overcounted by 6 shares as a total of 715 shares were actually withheld. Accordingly, 6 shares have been added to the reporting person's end of period holdings.

F2: Each restricted stock unit represents a contingent right to receive one share of Ecolab Inc. common stock. The units will vest, subject to continued employment, as to one-third of the units (excluding any fractional portion less than one unit), on each of the first and second anniversaries of the date of grant and as to the remaining units on the third anniversary of the date of grant.