Xiaolan Wang - Nov 17, 2022 Form 4 Insider Report for ASHLAND INC. (ASH)

Role
Sr VP & Gen Mgr, Personal Care
Signature
/s/ Babatunde Awodiran, Attorney-in-Fact
Stock symbol
ASH
Transactions as of
Nov 17, 2022
Transactions value $
$314,038
Form type
4
Date filed
11/21/2022, 12:52 PM
Previous filing
Feb 4, 2022
Next filing
Feb 24, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASH Common Stock Options Exercise $92.5K +827 $111.88 827 Nov 18, 2022 Direct
transaction ASH Common Stock Tax liability -$43.3K -387 -46.8% $111.80 440 Nov 18, 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 -827 -33.28% $0.00 1.66K Nov 18, 2022 Common Stock 827 Direct F2, F3
transaction ASH Restricted Stock Units Award $265K +2.39K +94.81% $110.74 4.91K Nov 17, 2022 Common Stock 2.39K 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 represents a right to receive one (1) share of Ashland Common Stock.
F3 Grant of Restricted Stock Units on November 18, 2021, 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 Grant of Restricted Stock Units on November 17, 2022, 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.