KALYANA SWAMINATHAN ASHOK 4

4 · ASHLAND INC. · Filed Dec 12, 2022

Form 4

Period: 2022-11-17

See Remarks

Transactions

Exercise/Conversion
Common Stock
2022-11-17$110.74/sh+580$64,229→ 1,618 total
Exercise/Conversion
Common Stock
2022-11-18$111.88/sh+853$95,434→ 2,471 total
Exercise/Conversion
Restricted Stock Units
[F1][F2]
2022-11-17−580→ 580.414 total
→ Common Stock (580 underlying)
Award
Restricted Stock Units
[F1][F3]
2022-11-17$110.74/sh+2,365$261,900→ 2,365 total
→ Common Stock (2,365 underlying)
Exercise/Conversion
Restricted Stock Units
[F1][F4]
2022-11-18−853→ 1,710.853 total
→ Common Stock (853 underlying)

Footnotes (4)

[F1]Each Restricted Stock Unit (RSU) represents a right to receive one (1) share of Ashland Common Stock.
[F2]Grant of Restricted Stock Units on November 17, 2020 pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3. The restricted stock units vest in three annual installments beginning one year from the date of grant, provided that the Reporting Person remains in continuous employment with the issuer.
[F3]Grant of Restricted Stock Units, pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3. The shares in this grant vest in three annual equal installments beginning one year from the date of grant, provided that the Reporting Person remains in continuous employment with the issuer.
[F4]Grant of Restricted Stock Units on November 18, 2021 pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3. The restricted stock units vest in three annual installments beginning one year from the date of grant, provided that the Reporting Person remains in continuous employment with the issuer.

Signature

/s/ Babatunde Adwodira, Attorney in Fact|2022-12-12

Documents

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