ECOLAB INC. — Director's Dealing 2022

Apr 22, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ECOLAB INC. (ECL)
CIK: 0000031462
Period of Report: 2022-04-20

Reporting Person: LARSON MICHAEL (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-04-20	Common Stock	M	700	$63.995	Acquired	8411.21	Direct
2022-04-20	Common Stock	F	245	$182.395	Disposed	8166.21	Direct
2022-04-20	Common Stock	M	3800	$63.995	Acquired	11966.21	Direct
2022-04-20	Common Stock	F	1333	$182.395	Disposed	10633.21	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-04-20	Non-Employee Director Stock Option (Right to Buy)	$63.995	M	700	Disposed	2022-05-03	Common Stock (700)	Direct
2022-04-20	Non-Employee Stock Option (Right to Buy)	$63.995	M	3800	Disposed	2022-05-03	Common Stock (3800)	Direct

Footnotes

F1: Reflects the reporting person's payment of the exercise price for a stock option issued in accordance with Rule 16b-3 by delivering or withholding shares of Ecolab common stock.

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.