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: ASHLAND INC. (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-11-17	Common Stock	M	1437	$76.90	Acquired	17228	Direct
2023-11-17	Common Stock	F	493	$76.90	Disposed	16735	Direct
2023-11-17	Common Stock	M	931	$76.90	Acquired	17666	Direct
2023-11-17	Common Stock	F	337	$76.90	Disposed	17329	Direct
2023-11-17	Common Stock	A	2127	$76.90	Acquired	19456	Direct
2023-11-17	Common Stock	F	729	$76.90	Disposed	18727	Direct
2023-11-18	Common Stock	M	1112	$78.32	Acquired	19839	Direct
2023-11-18	Common Stock	F	402	$78.32	Disposed	19437	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-11-17	Restricted Stock Units	$	M	1437	Disposed		Common Stock (1437)	Direct
2023-11-17	Restricted Stock Units	$	M	931	Disposed		Common Stock (931)	Direct
2023-11-18	Restricted Stock Units	$	M	1112	Disposed		Common Stock (1112)	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.