Petra Yvonne Winkler von Mohrenfels - 13 Nov 2022 Form 4 Insider Report for ASHLAND INC. (ASH)

Role: Sr. VP, GC and Secretary
Signature: /s/ Babatunde Awodiran, Attorney-in-Fact
Issuer symbol: ASH
Transactions as of: 13 Nov 2022
Net transactions value: +$7,843
Form type: 4
Filing time: 16 Nov 2022, 10:01:31 UTC
Previous filing: 18 Apr 2022
Next filing: 12 Dec 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ASH	Common Stock	Options Exercise	$11,438	+105	+2.2%	$108.93	4,834	13 Nov 2022	Direct
transaction	ASH	Common Stock	Tax liability	$3,595	-33	-0.68%	$108.93	4,801	13 Nov 2022	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	ASH	Restricted Stock Units	Options Exercise	$0	-105	-100%	$0.000000^*	0	13 Nov 2022	Common Stock	105		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Each Restricted Stock Unit (RSU) represents a right to receive one (1) share of Ashland Common Stock.
F2	Grant of Restricted Stock Units on November 13, 2019 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.