ASHLAND INC. — Director's Dealing 2024

Nov 19, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ASHLAND INC. (ASH)
CIK: 0001674862
Period of Report: 2024-11-18

Reporting Person: LAMPKIN ROBIN E. (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-11-18	Common Stock	M	254	$77.03	Acquired	3137	Direct
2024-11-18	Common Stock	F	76	$77.03	Disposed	3061	Direct
2024-11-18	Common Stock	M	232	$77.03	Acquired	3293	Direct
2024-11-18	Common Stock	F	70	$77.03	Disposed	3223	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-11-18	Restricted Stock Unit	$	M	254	Disposed		Common Stock (254)	Direct
2024-11-18	Restricted Stock Unit	$	M	232	Disposed		Common Stock (232)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	830	Indirect

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: Based on Employee Savings Plan information as of November 18, 2024.

F3: Each Restricted Stock Unit (RSU) represents a right to receive one (1) share of Ashland common stock upon vesting.

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 vest in three equal installments beginning one year from the date of grant, provided that the Reporting Person remains in continuous employment with the issuer.

F5: Balance includes additional Common Stock Units acquired in lieu of cash dividends.