Victoria Reich - Jun 12, 2025 Form 4 Insider Report for ECOLAB INC. (ECL)

Role: Director
Signature: /s/ Youhao Dong, Attorney-in-Fact for Victoria J. Reich
Stock symbol: ECL
Transactions as of: Jun 12, 2025
Transactions value $: -$202,703
Form type: 4
Date filed: 6/16/2025, 04:36 PM
Previous filing: May 14, 2025
Next filing: Jul 2, 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
REICH VICTORIA	Director	C/O ECOLAB INC., 1 ECOLAB PLACE, ST. PAUL	/s/ Youhao Dong, Attorney-in-Fact for Victoria J. Reich	2025-06-16	0001217635

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ECL	Common Stock	Options Exercise	$150K	+1.3K	+5.28%	$115.08	25.9K	Jun 12, 2025	Direct
transaction	ECL	Common Stock	Sale	-$352K	-1.3K	-5.02%	$271.00	24.6K	Jun 12, 2025	Direct

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	Non-Employee Stock Option (Right to Buy)	Options Exercise	$0	-1.3K	-56.52%	$0.00	1K	Jun 12, 2025	Common Stock	1.3K	$115.08	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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; provided, however, that if a Change in Control of the Company (as that term is defined in the Ecolab Inc. 2001 Non-Employee Director Stock Option and Deferred Compensation Plan) will occur, then the option will become immediately exercisable in full.

Content

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; provided, however, that if a Change in Control of the Company (as that term is defined in the Ecolab Inc. 2001 Non-Employee Director Stock Option and Deferred Compensation Plan) will occur, then the option will become immediately exercisable in full.