secwatch.observer — SEC 8-K summary
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Issuer:     ASHLAND INC. (ASH)
CIK:        0001674862
Form:       8-K
Filed at:   2023-11-17T23:59:59+00:00
Accession:  0000950170-23-064853
Event type: other_material
Sentiment:  positive
Materiality: 0.35
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1674862/000095017023064853/0000950170-23-064853-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1674862/000095017023064853/ash-20231114.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-064853

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer