ASHLAND INC. — Director's Dealing 2022

Nov 16, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ASHLAND INC. (ASH)
CIK: 0001674862
Period of Report: 2022-11-13

Reporting Person: Drury Eileen (SVP and Chief Human Resources)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-11-13	Common Stock	M	89	$108.93	Acquired	580	Direct
2022-11-13	Common Stock	F	42	$108.93	Disposed	538	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-11-13	Restricted Stock Units	$	M	89	Disposed		Common Stock (89)	Direct

Footnotes

F1: Each Restricted Stock Unit (RSU) represents a right to receive one (1) share of Ashland Common Stock.

F2: Grant of Restricted Stock Units on November 13, 2019, pursuant to Ashland's incentive plan as approved by 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 issuer.