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ASHLAND INC. Director's Dealing 2024

May 10, 2024

31616_dirs_2024-05-09_3dc89ccc-f375-4c39-916c-bd957e541fe9.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ASHLAND INC. (ASH)
CIK: 0001674862
Period of Report: 2024-05-08

Reporting Person: MUSA OSAMA M (N/A)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2024-05-08 Common Stock M 2730 $59.95 Acquired 22900 Direct
2024-05-08 Common Stock F 2007 $97.56 Disposed 20893 Direct
2024-05-08 Common Stock M 6968 $59.41 Acquired 27861 Direct
2024-05-08 Common Stock F 5116 $97.56 Disposed 22745 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2024-05-08 Stock Appreciation Right $59.95 M 2730 Disposed 2024-12-12 Common Stock (2730) Direct
2024-05-08 Stock Appreciation Right $59.41 M 6968 Disposed 2025-12-18 Common Stock (6968) Direct

Footnotes

F1: Represents an acquisition by the Reporting Person of 723 net shares of the Issuer, after exercise price and tax liability withholdings, upon an exercise of stock appreciation rights.

F2: Represents an acquisition by the Reporting Person of 1,852 net shares of the Issuer, after exercise price and tax liability withholdings, upon an exercise of stock appreciation rights.

F3: These Stock Appreciation Rights were granted on November 12, 2014, and vested over a three-year period, with 50% vesting on November 12, 2015, and 25% vesting on November 12, 2016, and November 12, 2017.

F4: These Stock Appreciation Rights were granted on November 18, 2015, and vested over a three-year period, with 50% vesting on November 18, 2016, and 25% vesting on November 18, 2017, and November 18, 2018.