Xiaolan Wang - Feb 3, 2023 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
Feb 3, 2023
Transactions value $
-$532,026
Form type
4
Date filed
2/24/2023, 08:56 PM
Previous filing
Nov 21, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASH Common Stock Options Exercise +2.02K +459.55% 2.46K Feb 3, 2023 Direct F1
transaction ASH Common Stock Disposed to Issuer -$213K -2.02K -82.13% $105.31 440 Feb 3, 2023 Direct
transaction ASH Common Stock Options Exercise +273 +62.05% 713 Feb 3, 2023 Direct F1
transaction ASH Common Stock Disposed to Issuer -$28.7K -273 -38.29% $105.31 440 Feb 3, 2023 Direct
transaction ASH Common Stock Options Exercise +2.76K +626.59% 3.2K Feb 3, 2023 Direct F1
transaction ASH Common Stock Disposed to Issuer -$290K -2.76K -86.24% $105.31 440 Feb 3, 2023 Direct

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 Equivalents Options Exercise -2.02K -100% 0 Feb 3, 2023 Common Stock 2.02K Direct F1, F2
transaction ASH Restricted Stock Equivalents Options Exercise -273 -100% 0 Feb 3, 2023 Common Stock 273 Direct F1, F3
transaction ASH Restricted Stock Equivalents Options Exercise -2.76K -100% 0 Feb 3, 2023 Common Stock 2.76K Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Equivalent represents a right to receive one (1) share of Ashland Common Stock. The reporting person settled all of her Restricted Stock Equivalents for cash.
F2 Reporting Person's 2020-2022 Performance Stock Equivalents converted to time-based cash settled RSUs based on performance of the 2020-2022 LTIP Plan and vests three years from the original grant.
F3 Grant of cash-settled Restricted Stock Equivalents on February 3,2020, pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3. The s hares in this grant vest in three equal annual installments beginning one year from the date of the grant, provided that the Reporting Person remains in continuous employment with the Issuer.
F4 Grant of cash-settled Restricted Stock Equivalents on February 3, 2020, pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3. One hundred percent of the shares awarded vested February 3, 2023.