ASHLAND INC. — Director's Dealing 2023

Sep 6, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ASHLAND INC. (ASH)
CIK: 0001674862
Period of Report: 2023-09-01

Reporting Person: WILLIS J KEVIN (Sr.VP &Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-09-01	Common Stock	M	7866	$47.63	Acquired	19448.701	Direct
2023-09-05	Common Stock	S	7866	$86.54	Disposed	11582.701	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-09-01	Stock Appreciation Right	$47.63	M	25426	Disposed	2023-12-13	Common Stock (25426)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	219059	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 September 5, 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.