ASHLAND INC. — Director's Dealing 2026

Jan 22, 2026

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ASHLAND INC. (ASH)
CIK: 0001674862
Period of Report: 2026-01-20

Reporting Person: Harrison Suzan F. (N/A)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2026-01-20	Restricted Stock Units	$	A	2449	Acquired		Common Stock (2449)	Direct

Footnotes

F1: Each Restricted Stock Unit (RSU) represents a right to receive one (1) share of Ashland Common Stock.

F2: Grant of Restricted Stock Units granted under Ashland's Omnibus Incentive Plan. The Restricted Stock Units will vest one year after date of grant. (One (1) Restricted Stock Unit in the Deferred Compensation Plan for Non-Employee Directors is the equivalent of one (1) share of Ashland Common Stock.)

F3: Balance includes additional Restricted Stock Units acquired in lieu of cash dividends.