Ashland (NYSE: ASH) director Jerome Peribere granted 2,449 deferred RSUs

Rhea-AI Filing Summary

Ashland Inc. director Jerome A. Peribere reported an award of 2,449 Restricted Stock Units (RSUs) on January 20, 2026. The RSUs were granted under the Ashland Inc. Omnibus Incentive Plan and are stock-settled, with a stated value of $61.23 per unit. Each RSU represents the right to receive one share of Ashland common stock.

The filing notes that Mr. Peribere elected to defer these RSUs under the Ashland Inc. Deferred Compensation Plan for Non-Employee Directors until his retirement from the board. The RSUs will vest one year after the grant date. After this grant, Mr. Peribere beneficially owns 15,155 RSUs directly, a balance that also reflects additional RSUs credited in lieu of cash dividends.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Peribere Jerome A

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	2,449	$61.23	$150K

Holdings After Transaction: Restricted Stock Units — 15,155 shares (Direct)

Footnotes (1)

1. Each Restricted Stock Unit (RSU) represents a right to receive one (1) share of Ashland Common Stock. Grant of stock-settled Restricted Stock Units granted under the Ashland Inc. Omnibus Incentive Plan. The Restricted Stock Units are deferred at the election of the Reporting Person under the Ashland Inc. Deferred Compensation Plan for Non-Employee Directors until retirement from service as a director. The Restricted Stock Units will vest one year after the grant date. One (1) Restricted Stock Unit in the Ashland Inc. Deferred Compensation Plan for Non-Employee Directors is the equivalent of one (1) share of Ashland Common Stock. Balance includes additional Restricted Stock Units acquired in lieu of cash dividends.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Peribere Jerome A

(Last) (First) (Middle)

8145 BLAZER DRIVE

(Street)

WILMINGTON DE 19808

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ASHLAND INC. [ ASH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/20/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	01/20/2026		A		2,449		(2)	(2)	Common Stock	2,449	$61.23	15,155(3)	D

Explanation of Responses:

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

2. Grant of stock-settled Restricted Stock Units granted under the Ashland Inc. Omnibus Incentive Plan. The Restricted Stock Units are deferred at the election of the Reporting Person under the Ashland Inc. Deferred Compensation Plan for Non-Employee Directors until retirement from service as a director. The Restricted Stock Units will vest one year after the grant date. One (1) Restricted Stock Unit in the Ashland Inc. Deferred Compensation Plan for Non-Employee Directors is the equivalent of one (1) share of Ashland Common Stock.

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

	/s/ Serena S. Kenost, Attorney-in-Fact for Jerome Peribere	01/21/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What did Ashland Inc. (ASH) director Jerome Peribere report on this Form 4?

Jerome A. Peribere reported receiving 2,449 Restricted Stock Units (RSUs) of Ashland Inc. common stock on January 20, 2026, as a stock-settled equity grant.

What does each Restricted Stock Unit represent for Ashland (ASH)?

Each Restricted Stock Unit (RSU) represents a right to receive one share of Ashland common stock, according to the explanation of responses.

When do Jerome Peribere’s 2,449 Ashland RSUs vest?

The 2,449 RSUs granted to Jerome A. Peribere will vest one year after the January 20, 2026 grant date, as described in the footnotes.

How many Ashland RSUs does Jerome Peribere hold after this transaction?

Following the reported grant, Jerome A. Peribere beneficially owns 15,155 Restricted Stock Units of Ashland common stock directly.

Are Jerome Peribere’s Ashland RSUs deferred, and until when?

Yes. The RSUs are deferred at Mr. Peribere’s election under the Ashland Inc. Deferred Compensation Plan for Non-Employee Directors until his retirement from service as a director.

Does Jerome Peribere receive dividend equivalents on his Ashland RSUs?

The balance of 15,155 RSUs includes additional RSUs acquired in lieu of cash dividends, meaning dividend equivalents are credited as extra RSUs.

What was the reference price for Jerome Peribere’s Ashland RSU grant?

The reported grant of 2,449 RSUs used a price of $61.23 per unit in the derivative transaction table.