Osama M. Musa - May 8, 2024 Form 4 Insider Report for ASHLAND INC. (ASH)

Role
SVP and CTO
Signature
/s/ Serena S. Kenost, Attorney-in-Fact for Osama M. Musa
Stock symbol
ASH
Transactions as of
May 8, 2024
Transactions value $
-$117,288
Form type
4
Date filed
5/9/2024, 07:37 PM
Previous filing
Nov 30, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASH Common Stock Options Exercise $164K +2.73K +13.53% $59.95 22.9K May 8, 2024 Direct
transaction ASH Common Stock Tax liability -$196K -2.01K -8.76% $97.56 20.9K May 8, 2024 Direct F1
transaction ASH Common Stock Options Exercise $414K +6.97K +33.35% $59.41 27.9K May 8, 2024 Direct
transaction ASH Common Stock Tax liability -$499K -5.12K -18.36% $97.56 22.7K May 8, 2024 Direct 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 ASH Stock Appreciation Right Options Exercise $0 -2.73K -100% $0.00* 0 May 8, 2024 Common Stock 2.73K $59.95 Direct F3
transaction ASH Stock Appreciation Right Options Exercise $0 -6.97K -100% $0.00* 0 May 8, 2024 Common Stock 6.97K $59.41 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents an acquisition by the Reporting Person of 723 net shares of the Issuer, after exercise price and tax liability withholdings, upon an exercise of stock appreciation rights.
F2 Represents an acquisition by the Reporting Person of 1,852 net shares of the Issuer, after exercise price and tax liability withholdings, upon an exercise of stock appreciation rights.
F3 These Stock Appreciation Rights were granted on November 12, 2014, and vested over a three-year period, with 50% vesting on November 12, 2015, and 25% vesting on November 12, 2016, and November 12, 2017.
F4 These Stock Appreciation Rights were granted on November 18, 2015, and vested over a three-year period, with 50% vesting on November 18, 2016, and 25% vesting on November 18, 2017, and November 18, 2018.