ASHLAND INC. — Director's Dealing 2022

Dec 19, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ASHLAND INC. (ASH)
CIK: 0001674862
Period of Report: 2022-12-15

Reporting Person: NOVO GUILLERMO (Director, Chair of the Board and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-12-15	Common Stock	M	9115	$106.31	Acquired	91243	Direct
2022-12-15	Common Stock	F	4189	$106.31	Disposed	87054	Direct
2022-12-16	Common Stock	M	27	$106.31	Acquired	87081	Direct
2022-12-16	Common Stock	F	13	$106.31	Disposed	87068	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-12-15	Restricted Stock Units	$	M	9115	Disposed		Common Stock (9115)	Direct
2022-12-16	Restricted Stock Units	$	M	27	Disposed		Common Stock (27)	Direct

Footnotes

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.

F2: Each Restricted Stock Unit (RSU) represents a right to receive one (1) share of Ashland Common Stock.

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 annual installments beginning one year from the date of grant, provided that the Reporting Person remains in continuous employment with the Issuer.