Eileen Drury - 13 Nov 2022 Form 4 Insider Report for ASHLAND INC. (ASH)

Role: SVP and Chief Human Resources
Signature: /s/ Babatunde Awodiran, Attorney-in-Fact
Issuer symbol: ASH
Transactions as of: 13 Nov 2022
Net transactions value: +$5,120
Form type: 4
Filing time: 16 Nov 2022, 09:54:17 UTC
Previous filing: 03 Dec 2021
Next filing: 12 Dec 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	Options Exercise	$9,695	+89	+18%	$108.93	580	13 Nov 2022	Direct
transaction	ASH	Common Stock	Tax liability	$4,575	-42	-7.2%	$108.93	538	13 Nov 2022	Direct

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	Restricted Stock Units	Options Exercise	$0	-89	-1.8%	$0.000000	4,807	13 Nov 2022	Common Stock	89		Direct	F1, F2

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

Explanation of Responses:

Id	Content
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 13, 2019, pursuant to Ashland's incentive plan as approved by shareholders and exempt pursuant to Rule 16b-3. The shares in this grant vest in three equal installments beginning one year from the date of grant, provided that the Reporting Person remains in continuous employment with issuer.