ASHLAND INC. — Director's Dealing 2021

Jan 11, 2021

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: ASHLAND GLOBAL HOLDINGS INC (ASH)
CIK: 0001674862
Period of Report: 2021-01-01

Reporting Person: Winkler von Mohrenfels Petra Yvonne (Sr. VP, GC and Secretary)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3206.154	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Right	$59.95	2024-12-12	Common Stock (1035)		Direct
Stock Appreciation Right	$59.41	2025-12-18	Common Stock (425)		Direct
Stock Appreciation Right	$67.16	2027-12-15	Common Stock (2000)		Direct
Stock Appreciation Right	$82.34	2028-11-15	Common Stock (1250)		Direct
Stock Appreciation Right	$77.90	2029-11-13	Common Stock (1500)		Direct
Restricted Stock Units	$		Common Stock (103.625)		Direct
Restricted Stock Units	$		Common Stock (204.383)		Direct
Restricted Stock Units	$		Common Stock (2269.32)		Direct
Restricted Stock Units	$		Common Stock (1700)		Direct

Footnotes

F1: This stock appreciation right became exercisable in three annual installments. The first installment (517) became exercisable on November 12, 2015, the second installment (258) became exercisable on November 12, 2016, and the third installment (260) became exercisable on November 12, 2017.

F2: This stock appreciation right became exercisable in three annual installments. The first installment (1,000) became exercisable on November 15, 2018, the second installment (500) became exercisable on November 15, 2019, and the third installment (500) became exercisable on November 15, 2020.

F3: This stock appreciation right becomes exercisable in three annual installments. The first installment (625) became exercisable on November 15, 2019, the second installment (312) became exercisable on November 15, 2020, and the third installment (313) will become exercisable on November 15, 2021.

F4: This stock appreciation right becomes exercisable in three annual installments. The first installment (750) became exercisable on November 13, 2020, the second installment (375) will become exercisable on November 13, 2021, and the third installment (375) will become exercisable on November 13, 2022.

F5: Grant of Restricted Stock Units on November 15, 2018 pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3. The restricted stock units vest on November 15, 2021, provided that the Reporting Person remains in continuous employment with the issuer. The amount herein includes distribution equivalents.

F6: Each Restricted Stock Unit represents a contingent right to receive one (1) share of Ashland Common Stock.

F7: Grant of Restricted Stock Units on November 13, 2019 pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3. The restricted stock units vest in two annual installments. The first installment (102.466) vests on November 13, 2021 and the second installment (101.917) vests on November 13, 2022, provided that the Reporting Person remains in continuous employment with the issuer. The amount herein includes distribution equivalents.

F8: Grant of Restricted Stock Units on June 12, 2020 pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3. The Restricted Stock Units vest on June 12, 2023, provided that the Reporting Person remains in continuous employment with the issuer. The amount herein includes distribution equivalents.

F9: 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. The first installment (566) vests on November 17, 2021, the second installment (567) vests on November 17, 2022, and the third installment (567) vests on November 17, 2023, provided that the Reporting Person remains in continuous employment with the issuer.