Sanat Chattopadhyay - Nov 13, 2023 Form 4 Insider Report for ASHLAND INC. (ASH)

Role: Director
Signature: /s/ Serena S. Kenost, Attorney-in-Fact
Stock symbol: ASH
Transactions as of: Nov 13, 2023
Transactions value $: $20,116
Form type: 4
Date filed: 11/14/2023, 05:31 PM
Previous filing: May 4, 2023
Next filing: Jan 24, 2024

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	$20.1K	+275		$73.15	275	Nov 13, 2023	Common Stock	275		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	Grant of stock-settled Restricted Stock Units granted under Ashland's Omnibus Incentive Plan and deferred under Ashland's Deferred Compensation Plan for Non-Employee Directors, and exempt under Rule 16b-3. 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.)

Content

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

Grant of stock-settled Restricted Stock Units granted under Ashland's Omnibus Incentive Plan and deferred under Ashland's Deferred Compensation Plan for Non-Employee Directors, and exempt under Rule 16b-3. 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.)