Osama M. Musa - Sep 19, 2023 Form 4 Insider Report for ASHLAND INC. (ASH)

Role: Sr. Vice President
Signature: /s/ Robin E. Lampkin, Attoney-in-Fact
Stock symbol: ASH
Transactions as of: Sep 19, 2023
Transactions value $: $0
Form type: 4
Date filed: 9/21/2023, 04:50 PM
Previous filing: Dec 12, 2022
Next filing: Nov 16, 2023

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	Award	$0	+9.69K		$0.00	9.69K	Sep 19, 2023	Common Stock	9.69K	$0.00	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Each Restricted Stock Unit represents a right to receive one (1) share of Ashland Common Stock.
F2	Restricted Stock Units were granted on September 19, 2023, pursuant to Ashland's 2021 Omnibus Incentive Compensation Plan as approved by the shareholders and exempt pursuant to Rule 16b-3. The Restricted Stock Units in this grant will vest in one installment three years from the date of grant on September 19, 2026, provided that the Reporting Person remains in continuous employment with the Issuer.

Content

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

Restricted Stock Units were granted on September 19, 2023, pursuant to Ashland's 2021 Omnibus Incentive Compensation Plan as approved by the shareholders and exempt pursuant to Rule 16b-3. The Restricted Stock Units in this grant will vest in one installment three years from the date of grant on September 19, 2026, provided that the Reporting Person remains in continuous employment with the Issuer.