Ashland (ASH) VP Richardson exercises RSUs, now holds 997 shares

Ashland Inc. reported insider equity transactions by its VP, Controller and PAO, Samuel Richardson.

Rhea-AI Filing Summary

Ashland Inc. reported insider equity transactions by its VP, Controller and PAO, Samuel Richardson. On 11/13/2025 and 11/14/2025, Richardson exercised Restricted Stock Units (RSUs) for 146 and 228 shares of Ashland common stock, respectively, at an exercise price of $0 per RSU.

To cover related tax liabilities, the company withheld 44 shares on 11/13/2025 and 69 shares on 11/14/2025, all at share prices a little above $51. After these transactions, Richardson directly beneficially owned 997 shares of Ashland common stock, along with remaining RSU balances of 294 and 227 units, which were granted under Ashland’s shareholder‑approved incentive plan and vest in three equal installments, assuming continued employment.

Insider Trade Summary

374 shares exercised/converted

Exercise 6 txns

Insider RICHARDSON SAMUEL

Role VP, Controller and PAO

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	228	$0.00	$0.00
Exercise	Common Stock	228	$51.51	$12K
Exercise Price or Tax Liability	Common Stock	69	$51.51	$4K
Exercise	Restricted Stock Unit	146	$0.00	$0.00
Exercise	Common Stock	146	$53.10	$8K
Exercise Price or Tax Liability	Common Stock	44	$53.10	$2K

Holdings After Transaction: Restricted Stock Unit — 521 contracts (Direct); Common Stock — 997 shares (Direct)

Footnotes (4)

1. F1. Payment of a tax liability by withholding securities incident to the vesting of Restricted Stock Units acquired pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3.
2. F2. Each Restricted Stock Unit (RSU) represents a right to receive one (1) share of Ashland common stock upon vesting.
3. F3. Grant of Restricted Stock Units pursuant to Ashland's incentive plan as approved by the 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 the issuer.
4. F4. Balance includes additional Common Stock Units acquired in lieu of cash dividends.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did Ashland (ASH) report for Samuel Richardson?

The filing shows that Samuel Richardson, Ashland’s VP, Controller and PAO, exercised Restricted Stock Units for 146 shares on 11/13/2025 and 228 shares on 11/14/2025, receiving Ashland common stock.

How many Ashland (ASH) shares were withheld for taxes in this Form 4?

To satisfy tax obligations related to RSU vesting, Ashland withheld 44 shares on 11/13/2025 and 69 shares on 11/14/2025, as noted with transaction code F in the filing.

What is Samuel Richardson’s Ashland (ASH) share ownership after these transactions?

Following the reported transactions, Samuel Richardson directly beneficially owned 997 shares of Ashland common stock, according to the Form 4.

What are the key details of the Restricted Stock Units in Ashland’s Form 4?

Each Restricted Stock Unit (RSU) represents a right to receive one share of Ashland common stock upon vesting. The RSUs reported here were granted under Ashland’s shareholder‑approved incentive plan and vest in three equal installments starting one year from the grant date, subject to continuous employment.

What RSU balances remain for Samuel Richardson after the reported Ashland (ASH) transactions?

After the exercises reported, Richardson held remaining RSU balances of 294 units from one grant and 227 units from another, as listed in the derivative securities table.

How were the RSU-related transactions in Ashland (ASH) classified in the Form 4?

The RSU exercises were coded as transaction code M in Table II, indicating the conversion of derivative securities, while the share withholdings for taxes were coded as F in Table I.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 11/17/2025 - 09:35 PM EST Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

RICHARDSON SAMUEL

(Last) (First) (Middle)

8145 BLAZER DRIVE

(Street)

WILMINGTON DE 19808

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ASHLAND INC. [ ASH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP, Controller and PAO

3. Date of Earliest Transaction (Month/Day/Year)
11/13/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/13/2025		M		146	A	$53.1	882	D
Common Stock	11/13/2025		F(1)		44	D	$53.1	838	D
Common Stock	11/14/2025		M		228	A	$51.51	1,066	D
Common Stock	11/14/2025		F(1)		69	D	$51.51	997	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit	(2)	11/13/2025		M			146	(3)	(3)	Common Stock	146	$0	294(4)	D
Restricted Stock Unit	(2)	11/14/2025		M			228	(3)	(3)	Common Stock	228	$0	227(4)	D

Explanation of Responses:

1. Payment of a tax liability by withholding securities incident to the vesting of Restricted Stock Units acquired pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3.

2. Each Restricted Stock Unit (RSU) represents a right to receive one (1) share of Ashland common stock upon vesting.

3. Grant of Restricted Stock Units pursuant to Ashland's incentive plan as approved by the 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 the issuer.

4. Balance includes additional Common Stock Units acquired in lieu of cash dividends.

	/s/ Serena S. Kenost, Attorney-in-fact for Samuel Richardson	11/17/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.