Ricky C. Sandler - 01 Sep 2022 Form 4 Insider Report for ASHLAND INC. (ASH)

Role
Director, Other*
Signature
/s/ Eminence Capital, LP, /s/ Ricky C. Sandler, Chief Executive Officer
Issuer symbol
ASH
Transactions as of
01 Sep 2022
Transactions value $
$0
Form type
4
Filing time
06 Sep 2022, 16:15:20 UTC
Previous filing
19 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASH Common Stock, par value $0.01 per share ("Common Stock") Purchase $22.5M +224K +5.81% $100.20 4.08M 01 Sep 2022 See Footnote F1, F2
transaction ASH Common Stock Sale -$22.5M -224K -5.2% $100.20 4.08M 01 Sep 2022 See Footnote F1, F2
holding ASH Common Stock 462 01 Sep 2022 See Footnote F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Rebalancing transactions in which the Eminence Funds and SMAs (as defined below) purchased and sold the Common Stock among themselves with no change in the aggregate number of shares of Common Stock owned by the Eminence Funds and SMAs as a result of such transactions.
F2 Eminence Capital, LP ("Eminence Capital") serves as the management company or investment adviser to, and may be deemed to have shared voting and dispositive power over the shares of Common Stock held by, various investment funds (the "Eminence Funds") and separately managed accounts (the "Eminence SMAs," and together with the Eminence Funds, the "Eminence Funds and SMAs") under its management and control. Ricky C. Sandler ("Mr. Sandler") is the Chief Executive Officer of Eminence Capital and may be deemed to have shared voting and dispositive power with respect to the shares of Common Stock held by the Eminence Funds and SMAs. Eminence Capital and Mr. Sandler each disclaim beneficial ownership of the securities held by the Eminence Funds and SMAs, except to the extent of its or his pecuniary interest therein.
F3 Shares held by certain family accounts.

Remarks:

Eminence Capital may be deemed to be a director by deputization for purposes of Section 16 under the Securities Exchange Act of 1934, as amended, by virtue of the fact that Mr. Sandler currently serves on the board of directors of the Issuer.