von Mohrenfels Petra Yvonne Winkler - Feb 9, 2023 Form 4 Insider Report for ASHLAND INC. (ASH)

Role
Sr. VP, GC and Secretary
Signature
/s/ Babatunde Awodiran, Attorney-in-Fact
Stock symbol
ASH
Transactions as of
Feb 9, 2023
Transactions value $
-$26,027
Form type
4
Date filed
2/13/2023, 03:10 PM
Previous filing
Dec 12, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASH Common Stock Options Exercise $103K +1.25K +22.06% $82.34 6.92K Feb 9, 2023 Direct
transaction ASH Common Stock Disposed to Issuer -$103K -953 -13.78% $107.95 5.96K Feb 9, 2023 Direct F1
transaction ASH Common Stock Tax liability -$11.6K -107 -1.79% $107.95 5.86K Feb 9, 2023 Direct F2
transaction ASH Common Stock Options Exercise $117K +1.5K +25.61% $77.90 7.36K Feb 9, 2023 Direct
transaction ASH Common Stock Disposed to Issuer -$117K -1.08K -14.71% $107.95 6.27K Feb 9, 2023 Direct F1
transaction ASH Common Stock Tax liability -$14.6K -135 -2.15% $107.95 6.14K Feb 9, 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 Stock Appreciation Right Options Exercise $0 -1.25K -100% $0.00* 0 Feb 9, 2023 Common Stock 1.25K $82.34 Direct F3
transaction ASH Stock Appreciation Right Options Exercise $0 -1.5K -100% $0.00* 0 Feb 9, 2023 Common Stock 1.5K $77.90 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This represents the shares of common stock for payment of exercise price incident to the exercise of stock appreciation rights (SARs).
F2 This represents the withholding of shares of common stock to satisfy tax withholding liability associated with the exercise of the SARs that are required in this Form 4.
F3 Stock Appreciation Right granted pursuant to Ashland's incentive plan which vests in three annual installments: 50% after the first year, the next 25% the second year and the remaining 25% the third year.