ECOLAB INC

Ticker: ECL CUSIP: 278865100 Class: COM

Maryland State Retirement & Pension System's Holding History (CIK: 0001795552)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 12,445 Value ($000) $3,267 Avg Close $265.71 Range $251.04 - $281.41

Q3 2025

Shares 12,285 Value ($000) $3,364 Avg Close $270.32 Range $253.71 - $284.56

Q2 2025

Shares 12,128 Value ($000) $3,268 Avg Close $252.35 Range $219.93 - $269.19

Q1 2025

Shares 11,673 Value ($000) $2,959 Avg Close $249.61 Range $225.31 - $270.90

Q4 2024

Shares 13,333 Value ($000) $3,124 Avg Close $245.53 Range $230.70 - $259.26

Q3 2024

Shares 14,268 Value ($000) $3,643 Avg Close $241.07 Range $217.65 - $253.31

Q2 2024

Shares 19,336 Value ($000) $4,602 Avg Close $227.14 Range $213.29 - $242.24

Q1 2024

Shares 19,336 Value ($000) $4,215 Avg Close $207.94 Range $189.63 - $227.85

Q4 2023

Shares 19,336 Value ($000) $3,835 Avg Close $175.85 Range $153.18 - $197.06

Q3 2023

Shares 18,974 Value ($000) $3,214 Avg Close $177.30 Range $163.22 - $186.52

Q2 2023

Shares 18,974 Value ($000) $3,542 Avg Close $167.31 Range $156.95 - $182.94

Q1 2023

Shares 19,629 Value ($000) $3,249 Avg Close $150.99 Range $139.35 - $161.29

Q4 2022

Shares 19,346 Value ($000) $2,816 Avg Close $141.81 Range $126.42 - $153.48

Q3 2022

Shares 19,346 Value ($000) $2,794 Avg Close $156.07 Range $138.29 - $171.23

Q2 2022

Shares 19,346 Value ($000) $2,975 Avg Close $158.99 Range $137.82 - $177.76

Q1 2022

Shares 19,346 Value ($000) $3,416 Avg Close $179.54 Range $147.91 - $226.74

Q4 2021

Shares 19,063 Value ($000) $4,472 Avg Close $215.53 Range $199.33 - $227.72

Q3 2021

Shares 19,063 Value ($000) $4,071 Avg Close $208.54 Range $195.25 - $219.93

Q2 2021

Shares 18,677 Value ($000) $3,912 Avg Close $206.33 Range $194.28 - $218.25

Q1 2021

Shares 19,085 Value ($000) $4,086 Avg Close $201.55 Range $190.45 - $215.84

Q4 2020

Shares 4,037 Value ($000) $843 Avg Close $197.47 Range $171.24 - $214.73

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	12,445	$3,267	$265.71	$251.04 - $281.41
Q3 2025	12,285	$3,364	$270.32	$253.71 - $284.56
Q2 2025	12,128	$3,268	$252.35	$219.93 - $269.19
Q1 2025	11,673	$2,959	$249.61	$225.31 - $270.90
Q4 2024	13,333	$3,124	$245.53	$230.70 - $259.26
Q3 2024	14,268	$3,643	$241.07	$217.65 - $253.31
Q2 2024	19,336	$4,602	$227.14	$213.29 - $242.24
Q1 2024	19,336	$4,215	$207.94	$189.63 - $227.85
Q4 2023	19,336	$3,835	$175.85	$153.18 - $197.06
Q3 2023	18,974	$3,214	$177.30	$163.22 - $186.52
Q2 2023	18,974	$3,542	$167.31	$156.95 - $182.94
Q1 2023	19,629	$3,249	$150.99	$139.35 - $161.29
Q4 2022	19,346	$2,816	$141.81	$126.42 - $153.48
Q3 2022	19,346	$2,794	$156.07	$138.29 - $171.23
Q2 2022	19,346	$2,975	$158.99	$137.82 - $177.76
Q1 2022	19,346	$3,416	$179.54	$147.91 - $226.74
Q4 2021	19,063	$4,472	$215.53	$199.33 - $227.72
Q3 2021	19,063	$4,071	$208.54	$195.25 - $219.93
Q2 2021	18,677	$3,912	$206.33	$194.28 - $218.25
Q1 2021	19,085	$4,086	$201.55	$190.45 - $215.84
Q4 2020	4,037	$843	$197.47	$171.24 - $214.73