Osama M. Musa - 13 Nov 2022 Form 4 Insider Report for ASHLAND INC. (ASH)

Role
Sr. Vice President
Signature
/s/ Babatunde Awodiran, Attorney-in-Fact
Issuer symbol
ASH
Transactions as of
13 Nov 2022
Net transactions value
+$463,279
Form type
4
Filing time
16 Nov 2022, 15:23:43 UTC
Previous filing
22 Mar 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 $92,917 +853 +8.3% $108.93 11,166 13 Nov 2022 Direct
transaction ASH Common Stock Tax liability $47,602 -437 -3.9% $108.93 10,729 13 Nov 2022 Direct F1
transaction ASH Common Stock Options Exercise $686,913 +6,306 +56% $108.93 17,472 13 Nov 2022 Direct
transaction ASH Common Stock Tax liability $268,948 -2,469 -14% $108.93 15,003 13 Nov 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 -853 -100% $0.000000* 0 13 Nov 2022 Common Stock 853 Direct F2, F3
transaction ASH Restricted Stock Units Options Exercise $0 -6,306 -100% $0.000000* 0 13 Nov 2022 Common Stock 6,306 Direct F2, 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 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 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.
F4 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.