ASHLAND INC. — Director's Dealing 2023

Jun 15, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ASHLAND INC. (ASH)
CIK: 0001674862
Period of Report: 2023-06-13

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-06-13	Common Stock	M	2336	$85.90	Acquired	4028	Direct
2023-06-13	Common Stock	F	733	$85.90	Disposed	3295	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-06-13	Restricted Stock Units	$	M	2336	Disposed		Common Stock (2336)	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: Each Restricted Stock Unit (RSU) represents a right to receive one (1) share of Ashland Common Stock.

F3: Grant of Restricted Stock Units June 12, 2020, 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 one installment three years from the date of grant, provided that the Reporting Person remains in continuous employment with the Issuer.