Guillermo Novo - Nov 13, 2022 Form 4 Insider Report for ASHLAND INC. (ASH)

Role
Chair of the Board and CEO, Director
Signature
/s/ Babatunde Awodiran, Attorney-in-Fact
Stock symbol
ASH
Transactions as of
Nov 13, 2022
Transactions value $
$4,346,634
Form type
4
Date filed
11/16/2022, 03:08 PM
Previous filing
Sep 13, 2022
Next filing
Dec 12, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASH Common Stock Options Exercise $3.69M +33.9K +98.42% $108.93 68.3K Nov 13, 2022 Direct
transaction ASH Common Stock Tax liability -$1.7M -15.6K -22.79% $108.93 52.7K Nov 13, 2022 Direct F1
transaction ASH Common Stock Options Exercise $3.84M +35.2K +66.76% $108.93 87.9K Nov 13, 2022 Direct
transaction ASH Common Stock Tax liability -$1.76M -16.2K -18.4% $108.93 71.8K Nov 13, 2022 Direct F2
transaction ASH Common Stock Options Exercise $516K +4.74K +6.6% $108.93 76.5K Nov 13, 2022 Direct
transaction ASH Common Stock Tax liability -$237K -2.18K -2.85% $108.93 74.3K Nov 13, 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 -33.9K -100% $0.00* 0 Nov 13, 2022 Common Stock 33.9K Direct F3, F4
transaction ASH Restricted Stock Units Options Exercise $0 -35.2K -100% $0.00* 0 Nov 13, 2022 Common Stock 35.2K Direct F3, F5
transaction ASH Restricted Stock Units Options Exercise $0 -4.74K -100% $0.00* 0 Nov 13, 2022 Common Stock 4.74K Direct F3, F4
* 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 Payment of tax liability by withholding securities incident to the vesting of Performance Stock Units, acquired pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3.
F3 Each Restricted Stock Unit represents a right to receive one (1) share of Ashland Common Stock.
F4 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 shares in this grant will vest in three equal annual installments beginning one year from the date of grant, provided that the Reporting Person remains in continuous employment with the Issuer.
F5 Reporting Person's 2020-2022 Performance Stock Units converted to time-based stock settled RSUs based on performance of the 2020-2022 LTIP Plan and vests three years from the original grant.