ASHLAND INC. — Director's Dealing 2023

Nov 22, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ASHLAND INC. (ASH)
CIK: 0001674862
Period of Report: 2023-11-17

Reporting Person: KALYANA SWAMINATHAN ASHOK (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-11-17	Common Stock	M	589	$76.90	Acquired	1902	Direct
2023-11-17	Common Stock	F	202	$76.90	Disposed	1700	Direct
2023-11-17	Common Stock	M	798	$76.90	Acquired	2498	Direct
2023-11-17	Common Stock	F	274	$76.90	Disposed	2224	Direct
2023-11-17	Common Stock	A	858	$76.90	Acquired	3082	Direct
2023-11-17	Common Stock	F	294	$76.90	Disposed	2788	Direct
2023-11-18	Common Stock	M	869	$78.32	Acquired	3657	Direct
2023-11-18	Common Stock	F	298	$78.32	Disposed	3359	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-11-17	Restricted Stock Units	$	M	589	Disposed		Common Stock (589)	Direct
2023-11-17	Restricted Stock Units	$	M	798	Disposed		Common Stock (798)	Direct
2023-11-18	Restricted Stock Units	$	M	869	Disposed		Common Stock (869)	Direct

Footnotes

F1: Payment of 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: Payment of tax liability by withholding securities incident to the vesting of Performance Share Units, acquired pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3.

F3: Each Restricted Stock Unit represents a right to receive one (1) Restricted Stock Unit of Ashland Common Stock.

F4: 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 will 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.