Guillermo Novo - Nov 17, 2022 Form 4 Insider Report for ASHLAND INC. (ASH)

Role
Chair of the Board and CEO, Director
Signature
/s/ Babatunde Adwodira, Attorney in Fact
Stock symbol
ASH
Transactions as of
Nov 17, 2022
Transactions value $
$2,787,547
Form type
4
Date filed
12/12/2022, 11:14 AM
Previous filing
Nov 16, 2022
Next filing
Dec 13, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASH Common Stock Options Exercise $882K +7.96K +10.71% $110.74 82.3K Nov 17, 2022 Direct
transaction ASH Common Stock Tax liability -$405K -3.66K -4.45% $110.74 78.6K Nov 17, 2022 Direct F1
transaction ASH Common Stock Options Exercise $724K +6.47K +8.23% $111.88 85.1K Nov 18, 2022 Direct
transaction ASH Common Stock Tax liability -$333K -2.97K -3.37% $111.88 85.1K Nov 18, 2022 Direct F1

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 ASH Restricted Stock Units Options Exercise $0 -7.96K -50% $0.00 7.96K Nov 17, 2022 Common Stock 7.96K Direct F2, F3
transaction ASH Restricted Stock Units Award $1.92M +17.3K $110.74 17.3K Nov 17, 2022 Common Stock 17.3K Direct F2, F4
transaction ASH Restricted Stock Units Options Exercise $0 -6.47K -33.33% $0.00 12.9K Nov 18, 2022 Common Stock 6.47K Direct F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Payment of tax liability by withholding securities incident to the vesting of Restricted Stock Units, acquired pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3.
F2 Each Restricted Stock Unit (RSU) represents a right to receive one (1) share of Ashland Common Stock.
F3 Grant of Restricted Stock Units on November 17, 2020 pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3. The restricted stock units vest in three annual installments beginning one year from the date of grant, provided that the Reporting Person remains in continuous employment with the issuer.
F4 Grant of Restricted Stock Units, pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3. The shares in this grant vest in three annual equal installments beginning one year from the date of grant, provided that the Reporting Person remains in continuous employment with the issuer.
F5 Grant of Restricted Stock Units on November 18, 2021 pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3. The restricted stock units vest in three annual installments beginning one year from the date of grant, provided that the Reporting Person remains in continuous employment with the issuer.

Remarks:

This Form 4 was originally filed on 11/21/22 using the incorrect CIK number for the Issuer and is being refiled under the correct CIK number.