Osama M. Musa - 28 Nov 2023 Form 4 Insider Report for ASHLAND INC. (ASH)

Role: Sr. Vice President
Signature: /s/ Serena S. Kenost, Attorney-in-Fact
Issuer symbol: ASH
Transactions as of: 28 Nov 2023
Net transactions value: +$34,150
Form type: 4
Filing time: 30 Nov 2023, 17:48:35 UTC
Previous filing: 22 Nov 2023
Next filing: 09 May 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ASH	Common Stock	Options Exercise	$133,792	+2,825	+15%	$47.36	22,262	28 Nov 2023	Direct
transaction	ASH	Common Stock	Tax liability	$99,642	-2,092	-9.4%	$47.63	20,170	28 Nov 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	Stock Appreciation Right	Options Exercise	$0	-2,825	-100%	$0.000000^*	0	28 Nov 2023	Common Stock	2,825	$47.63	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents an acquisition by the Reporting Person of 733 net shares of the Issuer, after exercise price and tax liability withholdings, upon an exercise of stock appreciation rights.
F2	These Stock Appreciation Rights were granted on November 13, 2013, and vested over a three-year period, with 50% vesting on November 13, 2014, and 25% vesting on November 13, 2015, and November 13, 2016.