Guillermo Novo - 15 Dec 2022 Form 4 Insider Report for ASHLAND INC. (ASH)

Role
Chair of the Board and CEO, Director
Signature
/s/ Babatunde Awodiran, Attorney-in-Fact
Issuer symbol
ASH
Transactions as of
15 Dec 2022
Net transactions value
+$525,171
Form type
4
Filing time
19 Dec 2022, 15:32:57 UTC
Previous filing
13 Dec 2022
Next filing
04 Jan 2023
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 $969,016 +9,115 +11% $106.31 91,243 15 Dec 2022 Direct
transaction ASH Common Stock Tax liability $445,333 -4,189 -4.6% $106.31 87,054 15 Dec 2022 Direct F1
transaction ASH Common Stock Options Exercise $2,870 +27 +0.03% $106.31 87,081 16 Dec 2022 Direct
transaction ASH Common Stock Tax liability $1,382 -13 -0.01% $106.31 87,068 16 Dec 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 -9,115 -100% $0.000000 27 15 Dec 2022 Common Stock 9,115 Direct F2, F3
transaction ASH Restricted Stock Units Options Exercise $0 -27 -100% $0.000000* 0 16 Dec 2022 Common Stock 27 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Payment of a 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 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 annual installments beginning one year from the date of grant, provided that the Reporting Person remains in continuous employment with the Issuer.