Angela M. Busch - 25 Feb 2023 Form 4 Insider Report for ECOLAB INC. (ECL)

Role
EVP - CORP STRAT & BUS DEV
Signature
/s/ David F. Duvick, as Attorney-in-Fact for Angela M. Busch
Issuer symbol
ECL
Transactions as of
25 Feb 2023
Transactions value $
-$112,931
Form type
4
Filing time
28 Feb 2023, 15:33:33 UTC
Previous filing
24 Feb 2023
Next filing
03 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ECL Common Stock Options Exercise $0 +2.35K +12.56% $0.00 21K 25 Feb 2023 Direct
transaction ECL Common Stock Tax liability -$113K -718 -3.42% $157.29 20.3K 25 Feb 2023 Direct F1
holding ECL Common Stock 1.45K 25 Feb 2023 By Ecolab Savings Plan F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ECL Restricted Stock Units Options Exercise -2.35K -33.33% 4.69K 25 Feb 2023 Common Stock 2.35K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the reporting person's payment of minimum statutory tax obligations by withholding shares of Ecolab Common Stock incident to the vesting of 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, 2023. (The 1,454.332 UNITS are the equivalent of approximately 2,680 SHARES of the issuer's Common Stock.)
F3 Represents the second (out of four) vesting of units from the grant of 9,379 restricted stock units made on February 25, 2021. The vesting schedule for the grant provided for the units to vest, subject to continued employment, as to one-fourth of the units (excluding any fractional portion less than one unit), on each of the first, second and third anniversaries of the date of grant and as to the remaining units on the fourth anniversary of the date of grant. Restricted stock units convert into common stock on a one-for-one basis.