---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-064853"
form_type: "8-K"
ticker: "ASH"
cik: "0001674862"
company_name: "ASHLAND INC."
filed_at: "2023-11-17T23:59:59+00:00"
generated_at: "2026-06-08T00:10:24.231996+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Ashland grants CEO Guillermo Novo $1M one-time equity award to retain him through 2026

## Summary
- One-time award target value $1,000,000: 60% performance units, 40% time-based RSUs.
- Performance units vest based on goals achieved during three-year period ending Sep 30, 2026.
- Time-based RSUs fully vest on Dec 31, 2026, subject to Novo's continued employment.
- Novo must provide 180 days notice if resigning without Good Reason (including Retirement); company must provide 180 days notice for termination without Cause (ceases after Change in Control).
- Award granted under Ashland's 2021 Omnibus Incentive Compensation Plan.

## SEC filing metadata
- accession: 0000950170-23-064853
- form_type: 8-K
- ticker: ASH
- cik: 0001674862
- company_name: ASHLAND INC.
- filed_at: 2023-11-17T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1674862/000095017023064853/0000950170-23-064853-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1674862/000095017023064853/ash-20231114.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-064853
- JSON: https://secwatch.observer/filing/0000950170-23-064853.json
- Plain text: https://secwatch.observer/filing/0000950170-23-064853.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.