Min Chong - Jan 3, 2023 Form 4 Insider Report for ASHLAND INC. (ASH)

Role
Sr VP & Gen Mgr, Spc Additives
Signature
/s/ Babatunde Awodiran, Attorney-in-Fact
Stock symbol
ASH
Transactions as of
Jan 3, 2023
Transactions value $
$413,297
Form type
4
Date filed
1/5/2023, 03:44 PM
Previous filing
Nov 29, 2022
Next filing
Nov 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASH Common Stock Options Exercise $261K +2.41K +139.34% $108.42 4.13K Jan 3, 2023 Direct
transaction ASH Common Stock Tax liability -$82.7K -763 -18.47% $108.42 3.37K Jan 3, 2023 Direct F1
transaction ASH Common Stock Options Exercise $294K +2.72K +80.61% $108.42 6.08K Jan 3, 2023 Direct
transaction ASH Common Stock Tax liability -$84.2K -777 -12.77% $108.42 5.31K Jan 3, 2023 Direct F2
transaction ASH Common Stock Options Exercise $35.3K +326 +6.14% $108.42 5.63K Jan 3, 2023 Direct
transaction ASH Common Stock Tax liability -$10.2K -94 -1.67% $108.42 5.54K Jan 3, 2023 Direct F2

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 -2.41K -100% $0.00* 0 Jan 3, 2023 Common Stock 2.41K Direct F3, F4
transaction ASH Restricted Stock Units Options Exercise $0 -2.72K -100% $0.00* 0 Jan 3, 2023 Common Stock 2.72K Direct F3, F5
transaction ASH Restricted Stock Units Options Exercise $0 -326 -100% $0.00* 0 Jan 3, 2023 Common Stock 326 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 Performance 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 Restricted 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 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.
F5 Grant of Restricted Stock Units on January 2, 2020, 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.