Eric N. Boni - 13 Nov 2022 Form 4 Insider Report for ASHLAND INC. (ASH)

Role
Principal Accounting Officer
Signature
/s/ Babatunde Awodiran, Attorney-in-Fact
Issuer symbol
ASH
Transactions as of
13 Nov 2022
Net transactions value
+$108,276
Form type
4
Filing time
16 Nov 2022, 15:18:50 UTC
Previous filing
09 Jun 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 $19,063 +175 +1.6% $108.93 10,815 13 Nov 2022 Direct
transaction ASH Common Stock Tax liability $5,555 -51 -0.47% $108.93 10,764 13 Nov 2022 Direct F1
transaction ASH Common Stock Options Exercise $133,221 +1,223 +11% $108.93 11,987 13 Nov 2022 Direct
transaction ASH Common Stock Tax liability $38,452 -353 -2.9% $108.93 11,634 13 Nov 2022 Direct F2
holding ASH Common Stock 7,549 13 Nov 2022 401(k)

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 -175 -100% $0.000000* 0 13 Nov 2022 Common Stock 175 Direct F3, F4
transaction ASH Restricted Stock Units Options Exercise $0 -1,223 -100% $0.000000* 0 13 Nov 2022 Common Stock 1,223 Direct F3, 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 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 (RSU) 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 vest in three equal 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.