ASHLAND INC. — Director's Dealing 2023

Dec 9, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ASHLAND INC. (ASH)
CIK: 0001674862
Period of Report: 2023-12-06

Reporting Person: BONI ERIC N (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-12-06	Common Stock	M	843	$47.63	Acquired	13915	Direct
2023-12-07	Common Stock	S	843	$82.38	Disposed	13072	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-12-06	Stock Appreciation Right	$47.63	M	2825	Disposed	2023-12-13	Common Stock (2825)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7886	Indirect

Footnotes

F1: This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.

F2: Based on Employee Savings Plan information as of November 14, 2023.

F3: Stock Appreciation Rights previously granted to the reporting person on November 13, 2013, which became fully exercisable on November 13, 2016, and are scheduled to expire on December 13, 2023.