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ASHLAND INC. — Director's Dealing 2023
Feb 25, 2023
31616_dirs_2023-02-24_884b0b4b-00e3-4c8d-ae6c-c376b13e45ba.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ASHLAND INC. (ASH)
CIK: 0001674862
Period of Report: 2023-02-03
Reporting Person: WANG XIAOLAN (Sr VP & Gen Mgr, Personal Care)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-02-03 | Common Stock | M | 2022 | — | Acquired | 2462 | Direct |
| 2023-02-03 | Common Stock | D | 2022 | $105.31 | Disposed | 440 | Direct |
| 2023-02-03 | Common Stock | M | 273 | — | Acquired | 713 | Direct |
| 2023-02-03 | Common Stock | D | 273 | $105.31 | Disposed | 440 | Direct |
| 2023-02-03 | Common Stock | M | 2757 | — | Acquired | 3197 | Direct |
| 2023-02-03 | Common Stock | D | 2757 | $105.31 | Disposed | 440 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-02-03 | Restricted Stock Equivalents | $ | M | 2022 | Disposed | Common Stock (2022) | Direct | |
| 2023-02-03 | Restricted Stock Equivalents | $ | M | 273 | Disposed | Common Stock (273) | Direct | |
| 2023-02-03 | Restricted Stock Equivalents | $ | M | 2757 | Disposed | Common Stock (2757) | Direct |
Footnotes
F1: Each Restricted Stock Equivalent represents a right to receive one (1) share of Ashland Common Stock. The reporting person settled all of her Restricted Stock Equivalents for cash.
F2: Reporting Person's 2020-2022 Performance Stock Equivalents converted to time-based cash settled RSUs based on performance of the 2020-2022 LTIP Plan and vests three years from the original grant.
F3: Grant of cash-settled Restricted Stock Equivalents on February 3,2020, pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3. The s hares in this grant vest in three equal annual installments beginning one year from the date of the grant, provided that the Reporting Person remains in continuous employment with the Issuer.
F4: Grant of cash-settled Restricted Stock Equivalents on February 3, 2020, pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3. One hundred percent of the shares awarded vested February 3, 2023.