ASHLAND INC.
For the period ended Dec 9, 2025. Filed Dec 9, 2025.
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Dec 9, 2025 · Filed Dec 9, 2025
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Contents
2025 proxy statement /
computing the dollar amounts of the items listed below, we used the actual out-of-pocket costs to us of providing the perquisite or other personal benefit to the NEO:
| Perquisites | ||||||||
|---|---|---|---|---|---|---|---|---|
| Name | Tax and Financial Planning(1) | Executive Physical | Relocation Expenses(2) | Expatriate Benefits(3) | MatchingContributionsUnderQualifiedSavings Plan | MatchingContributionsUnderNon-QualifiedDefinedContributionPlan | Tax Gross Ups(4) | TotalAll OtherCompensation |
| Guillermo Novo | 26,000 | 1,877 | — | — | 28,000 | 161,990 | 17,408 | 207,398 |
| William Whitaker | — | — | — | — | 25,571 | 8,978 | — | 34,549 |
| Alessandra Faccin Assis | — | — | 312,389 | — | 29,833 | 7,524 | 173,142 | 522,888 |
| Osama M. Musa | 13,783 | — | — | — | 27,028 | 33,119 | — | 60,147 |
| James Minicucci | — | — | — | — | 29,612 | 31,181 | — | 60,793 |
| Karl Bostaph(3) | — | — | — | 313,406 | 20,355 | 23,743 | 145,728 | 503,232 |
| J. Kevin Willis | 15,815 | — | — | — | 26,180 | 62,807 | 11,872 | 100,859 |
(1)
The amounts reported in this column represent the aggregate incremental cost to the Company with respect to tax and financial planning services for Mr. Novo, Dr. Musa, and Mr. Willis.
(2)
The amount reported in this column for Ms. Faccin Assis represents the aggregate incremental cost to the Company in connection with Ms. Faccin Assis’ relocation from Singapore to the United States.
(3)
The amount reported in this column represents an expatriate allowance to Mr. Bostaph, pursuant to the Company’s executive mobility policy.
(4)
The amounts reported in this column reflect: (i) FICA tax gross-up payments made to Mr. Novo and Mr. Willis; (ii) a tax gross-up payment provided to Ms. Faccin Assis related to her relocation from Singapore to the United States; and (iii) a tax gross-up payment made to Mr. Bostaph in connection with host country allowances. These gross-up payments were made to cover the additional tax liabilities incurred by the NEOs as a result of company-provided benefits.
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