MIN CHONG - 02 Jan 2024 Form 4 Insider Report for ASHLAND INC. (ASH)

Role: SVP, Gen. Mgr.
Signature: Serena S. Kenost, Attorney-in-Fact
Issuer symbol: ASH
Transactions as of: 02 Jan 2024
Net transactions value: +$422,434
Form type: 4
Filing time: 04 Jan 2024, 18:01:54 UTC
Previous filing: 22 Nov 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ASH	Common Stock	Options Exercise	$577,530	+6,900	+87%	$83.70	14,800	02 Jan 2024	Direct
transaction	ASH	Common Stock	Tax liability	$155,096	-1,853	-13%	$83.70	12,947	02 Jan 2024	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	ASH	Restricted Stock Units	Options Exercise	$0	+6,900		$0.000000^*	0	02 Jan 2024	Common Stock	6,900		Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Payment of a 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 on January 2, 2020, pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3, which became fully vested in one installment four years following the grant date.