Brendan Cummins - Jan 24, 2023 Form 4 Insider Report for ASHLAND INC. (ASH)

Role
Director
Signature
/s/ Babatunde Awodiran, Attorney-in-Fact
Stock symbol
ASH
Transactions as of
Jan 24, 2023
Transactions value $
$149,945
Form type
4
Date filed
1/26/2023, 07:18 PM
Previous filing
Jan 25, 2022

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 Award $150K +1.37K +5.88% $109.85 24.6K Jan 24, 2023 Common Stock 1.37K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit represents a right to receive the cash compensation in an amount equal to the value of one (1) share of Ashland Global Holdings Inc Common Stock multiplied by the closing stock price for Ashland Common Stock on the NYSE on the vesting date.
F2 Cash settled Restricted Stock Units granted under Ashland Omnibus Incentive Plan and deferred at the election of the reporting person under Ashland Inc. Independent Director Deferred Compensation Program dated November 17, 2022 until retirement from service as a director. The Restricted Stock Units will vest one year after date of grant. One (1) Restricted Stock Units in the Ashland Inc. Independent Director Deferred Compensation Program is the equivalent of one (1) share of Ashland Common Stock.
F3 Balance includes 77 additional Restricted Stock Units acquired in lieu of cash dividends paid on March 15, 2022, 72 additional Restricted Stock Units acquired in lieu of cash dividends paid on June 15, 2022, 76 additional Restricted Stock Units acquired in lieu of cash dividends paid on September 15, 2022 and 68 additional Restricted Stock Units acquired in lieu of cash dividends paid on December 15, 2022.