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ASHLAND INC. Director's Dealing 2025

May 12, 2025

31616_dirs_2025-05-12_4dd8a6d2-7050-43ec-8bfc-44982151f824.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: 2025-05-08

Reporting Person: MINICUCCI JAMES P. (N/A)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2025-05-08 Common Stock M 1395 $49.99 Acquired 3149 Direct
2025-05-08 Common Stock F 435 $49.99 Disposed 2714 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2025-05-08 Restricted Stock Unit $ M 1395 Disposed Common Stock (1395) 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 represents a right to receive one (1) share of Ashland Common Stock.

F3: On May 18, 2023, the Reporting Person was granted 6,708 restricted stock units, vesting over a three-year period, with 20% vesting on May 8, 2024, 20% vesting on May 8, 2025, and 60% vesting on May 8, 2026, provided that the Reporting Person remains in continuous employment with the Issuer.

F4: Balance includes additional restricted stock units acquired in lieu of cash dividends.