CHONG MIN 4

4 · ASHLAND INC. · Filed Jan 5, 2023

Form 4

Period: 2023-01-03

Sr VP & Gen Mgr, Spc Additives

Transactions

Exercise/Conversion
Common Stock
2023-01-03$108.42/sh+2,715$294,360→ 6,083.008 total
Tax Payment
Common Stock
2023-01-03$108.42/sh−94$10,191→ 5,538.008 total
Exercise/Conversion
Common Stock
2023-01-03$108.42/sh+2,405$260,750→ 4,131.008 total
Tax Payment
Common Stock
2023-01-03$108.42/sh−777$84,242→ 5,306.008 total
Exercise/Conversion
Common Stock
2023-01-03$108.42/sh+326$35,345→ 5,632.008 total
Exercise/Conversion
Restricted Stock Units
2023-01-03−326→ 0 total
→ Common Stock (326 underlying)
Tax Payment
Common Stock
2023-01-03$108.42/sh−763$82,724→ 3,368.008 total
Exercise/Conversion
Restricted Stock Units
2023-01-03−2,405→ 0 total
→ Common Stock (2,405 underlying)
Exercise/Conversion
Restricted Stock Units
2023-01-03−2,715→ 0 total
→ Common Stock (2,715 underlying)

Footnotes (5)

[F1]Payment of tax liability by withholding securities incident to the vesting of Performance Stock Units, acquired pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3.
[F2]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.
[F3]Each Restricted Stock Unit represents a right to receive one (1) share of Ashland Common Stock.
[F4]Reporting Person's 2020-2022 Performance Stock Units converted to time-based stock settled RSUs based on performance of the 2020-2022 LTIP Plan and vests three years from the original grant.
[F5]Grant of Restricted Stock Units on January 2, 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 three equal annual installments beginning one year from the date of grant, provided that the Reporting Person remains in continuous employment with the Issuer.

Documents

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