Ashland (ASH) SVP Robin Lampkin Converts RSUs; 526 Shares Withheld

What Happened

• Robin E. Lampkin, SVP, General Counsel & Secretary of Ashland Inc. (ASH), had 1,806 restricted stock units (RSUs) vest on Aug 11, 2026 and those RSUs converted into 1,806 shares. The reported fair value was $74.58 per share, totaling $134,691.
• To cover tax withholding, 526 shares were surrendered/withheld (reported as disposed) at the same per-share value, equal to $39,229. Net shares delivered to Lampkin were 1,280 (1,806 - 526), worth about $95,462.

Key Details

• Transaction date: Aug 11, 2026; Form 4 filed Aug 12, 2026 (timely).
• Vesting/grant background: These RSUs were granted Aug 11, 2023 and vested Aug 11, 2026 subject to continued employment (footnote).
• Transaction codes: M = conversion/exercise of derivative (RSU conversion to shares); F = tax withholding (securities withheld to pay tax liability).
• Footnotes of note:
  • F1 corrects a prior Form 4 overstating the number of RSUs originally reported for the Aug 11, 2023 grant; the correct grant was 1,806 RSUs.
  • F2 confirms tax withholding via share withholding is incident to RSU vesting and exempt under Rule 16b-3.
  • F4 notes 1 RSU = 1 share of ASH common stock.
• Shares owned after the transaction: not specified in the provided excerpt of the Form 4.

Context

• This was a scheduled RSU vesting event, not an open-market purchase or sale. The withholding of shares to cover taxes is routine and does not by itself indicate a change in insider sentiment.
• The filing shows conversion of RSUs into shares (derivative conversion) and share withholding for taxes rather than an immediate market sale (i.e., not a cashless sale of all shares).