Eileen Drury - Jun 13, 2023 Form 4 Insider Report for ASHLAND INC. (ASH)

Role: SVP and Chief Human Resources
Signature: /s/ Robin E. Lampkin
Stock symbol: ASH
Transactions as of: Jun 13, 2023
Transactions value $: $137,698
Form type: 4
Date filed: 6/15/2023, 04:23 PM
Previous filing: Dec 12, 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	$201K	+2.34K	+138.06%	$85.90	4.03K	Jun 13, 2023	Direct
transaction	ASH	Common Stock	Tax liability	-$63K	-733	-18.2%	$85.90	3.3K	Jun 13, 2023	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	-2.34K	-42.51%	$0.00	3.16K	Jun 13, 2023	Common Stock	2.34K		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 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 June 12, 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 one installment three years from the date of grant, provided that the Reporting Person remains in continuous employment with the Issuer.