STOCK TITAN

[Form 4] ASHLAND INC. Insider Trading Activity

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(Low)
Filing Sentiment
(Neutral)
Form Type
4

Sanat Chattopadhyay, a director of Ashland Inc. (ASH), reported an acquisition of 300 Common Stock Units under Ashland's Deferred Compensation Plan for Non-Employee Directors on 09/30/2025. Each unit is equivalent to one share of Ashland common stock and the units are payable in common stock upon the reporting person's separation from service, subject to any deferral election. After this transaction, the reporting person beneficially owns 1,425 shares/units, which includes additional units received in lieu of cash dividends. The filing is an internal, non-derivative compensation-related award that is exempt under Rule 16b-3.

Sanat Chattopadhyay, un direttore di Ashland Inc. (ASH), ha riportato l'acquisizione di 300 Unità di Azioni Ordinarie nell'ambito del Piano di Compensazione Differita per i Non Dipendenti Dirigenti di Ashland, il 30/09/2025. Ogni unità corrisponde a una azione ordinaria di Ashland e le unità sono pagabili in azioni comuni al momento della cessazione del rapporto di lavoro del soggetto che riporta, soggette a eventuali elezioni di differimento. Dopo questa operazione, il soggetto che riporta possiede in modo beneficio 1.425 azioni/unità, che includono unità aggiuntive ricevute in luogo di dividendi in contanti. Il deposito è un premio interno, non derivativo correlato alla compensazione che è esente ai sensi della Regola 16b-3.

Sanat Chattopadhyay, director de Ashland Inc. (ASH), reportó una adquisición de 300 Unidades de Acciones Comunes bajo el Plan de Compensación Diferida para Directores no Empleados de Ashland el 30/09/2025. Cada unidad equivale a una acción común de Ashland y las unidades son pagaderas en acciones comunes al momento de la separación del servicio del informante, sujeto a cualquier elección de diferimiento. Después de esta transacción, la persona que reporta posee de forma beneficiosa 1.425 acciones/unidades, que incluye unidades adicionales recibidas en lugar de dividendos en efectivo. La presentación es un premio interno, no derivado relacionado con la compensación que está exento bajo la Regla 16b-3.

사낫 차토파다야, Ashland Inc. (ASH)의 이사,은 Ashland의 비피고용 이사 보상 계획에 따라 주식 일반단위 300개를 취득했다고 보고했습니다. 2025년 9월 30일에. 각 단위는 Ashland 보통주의 1주에 해당하며, 이 단위는 보고자의 서비스 종료 시 일반주로 지급되며, 지연 선택이 있을 수 있습니다. 이 거래 후, 보고자는 추가로 현금 배당 대신 받은 추가 단위를 포함하여 1,425주/단위를 실질적으로 소유합니다. 이 신고는 보상 관련 내부 수상으로서 파생적이지 않으며, 규칙 16b-3에 따라 면제됩니다.

Sanat Chattopadhyay, administrateur de Ashland Inc. (ASH), a déclaré l'acquisition de 300 unités d'actions ordinaires dans le cadre du Plan de rémunération différée pour les administrateurs non salariés d'Ashland le 30/09/2025. Chaque unité équivaut à une action ordinaire Ashland et les unités sont payables en actions ordinaires lors de la séparation du titulaire, sous réserve de toute option de report. Après cette opération, la personne déclarant détient de manière bénéficiaire 1 425 actions/unités, ce qui inclut des unités supplémentaires reçues en lieu et place de dividendes en espèces. Le dépôt est une récompense interne, non dérivée liée à la rémunération et est exempté en vertu de la règle 16b-3.

Sanat Chattopadhyay, ein Direktor von Ashland Inc. (ASH), meldete den Erwerb von 300 Stammaktien-Einheiten im Rahmen des Ashland Deferred Compensation Plan for Non-Employee Directors am 30.09.2025. Jede Einheit entspricht einer Stammaktie von Ashland und die Einheiten sind bei der Trennung der dienstlichen Tätigkeit des meldenden Person in Stammaktien auszahlbar, vorbehaltlich etwaiger Ausschüttungswahl. Nach dieser Transaktion besitzt die meldende Person benefiz: 1.425 Aktien/Einheiten, einschließlich zusätzlicher Einheiten, die anstelle von Barausschüttungen erhalten wurden. Die Einreichung ist eine interne, nicht derivative vergütungsbezogene Auszeichnung, die gemäß Regel 16b-3 befreit ist.

سانات تشاتوپادهاي، مدير في Ashland Inc. (ASH)، أفاد باكتساب 300 وحدة أسهم عادية ضمن خطة التعويض المؤجل لمديري Ashland غير الموظفين في 30/09/2025. كل وحدة تساوي سهماً عادياً من Ashland وتُدفع الوحدات على هيئة أسهم عادية عند انتهاء علاقة الخدمة بالمبلّغ، رهناً بأي خيار تأجيل. بعد هذه المعاملة، يملِك المبلِّغ فعلياً 1,425 سهماً/وحدة، وهو يشمل وحدات إضافية تم استلامها بدلاً من توزيعات نقدية. التسجيل هو جائزة داخلية تتعلق بالتعويض وليست مشتقة، وتُعفى وفق القاعدة 16b-3.

Sanat ChattopadhyayAshland Inc. (ASH) 的董事,按 Ashland 的非雇员董事延期补偿计划报告取得了 300 普通股单位,日期为 2025/09/30。每单位等同于一股 Ashland 普通股,单位在报告人离职时以普通股支付,前提是有任何递延选择。交易完成后,报告人实际拥有 1,425 股/单位,其中包含因现金股息而获得的额外单位。该申报为内部、非衍生的与薪酬相关的奖励,依据规则 16b-3 而豁免。

Positive
  • Director received 300 Common Stock Units under the non-employee director deferred compensation plan
  • Units vest/payable in common stock upon separation, aligning director compensation with shareholder equity
  • Beneficial ownership increased to 1,425 shares/units, including units acquired in lieu of cash dividends
Negative
  • None.

Sanat Chattopadhyay, un direttore di Ashland Inc. (ASH), ha riportato l'acquisizione di 300 Unità di Azioni Ordinarie nell'ambito del Piano di Compensazione Differita per i Non Dipendenti Dirigenti di Ashland, il 30/09/2025. Ogni unità corrisponde a una azione ordinaria di Ashland e le unità sono pagabili in azioni comuni al momento della cessazione del rapporto di lavoro del soggetto che riporta, soggette a eventuali elezioni di differimento. Dopo questa operazione, il soggetto che riporta possiede in modo beneficio 1.425 azioni/unità, che includono unità aggiuntive ricevute in luogo di dividendi in contanti. Il deposito è un premio interno, non derivativo correlato alla compensazione che è esente ai sensi della Regola 16b-3.

Sanat Chattopadhyay, director de Ashland Inc. (ASH), reportó una adquisición de 300 Unidades de Acciones Comunes bajo el Plan de Compensación Diferida para Directores no Empleados de Ashland el 30/09/2025. Cada unidad equivale a una acción común de Ashland y las unidades son pagaderas en acciones comunes al momento de la separación del servicio del informante, sujeto a cualquier elección de diferimiento. Después de esta transacción, la persona que reporta posee de forma beneficiosa 1.425 acciones/unidades, que incluye unidades adicionales recibidas en lugar de dividendos en efectivo. La presentación es un premio interno, no derivado relacionado con la compensación que está exento bajo la Regla 16b-3.

사낫 차토파다야, Ashland Inc. (ASH)의 이사,은 Ashland의 비피고용 이사 보상 계획에 따라 주식 일반단위 300개를 취득했다고 보고했습니다. 2025년 9월 30일에. 각 단위는 Ashland 보통주의 1주에 해당하며, 이 단위는 보고자의 서비스 종료 시 일반주로 지급되며, 지연 선택이 있을 수 있습니다. 이 거래 후, 보고자는 추가로 현금 배당 대신 받은 추가 단위를 포함하여 1,425주/단위를 실질적으로 소유합니다. 이 신고는 보상 관련 내부 수상으로서 파생적이지 않으며, 규칙 16b-3에 따라 면제됩니다.

Sanat Chattopadhyay, administrateur de Ashland Inc. (ASH), a déclaré l'acquisition de 300 unités d'actions ordinaires dans le cadre du Plan de rémunération différée pour les administrateurs non salariés d'Ashland le 30/09/2025. Chaque unité équivaut à une action ordinaire Ashland et les unités sont payables en actions ordinaires lors de la séparation du titulaire, sous réserve de toute option de report. Après cette opération, la personne déclarant détient de manière bénéficiaire 1 425 actions/unités, ce qui inclut des unités supplémentaires reçues en lieu et place de dividendes en espèces. Le dépôt est une récompense interne, non dérivée liée à la rémunération et est exempté en vertu de la règle 16b-3.

Sanat Chattopadhyay, ein Direktor von Ashland Inc. (ASH), meldete den Erwerb von 300 Stammaktien-Einheiten im Rahmen des Ashland Deferred Compensation Plan for Non-Employee Directors am 30.09.2025. Jede Einheit entspricht einer Stammaktie von Ashland und die Einheiten sind bei der Trennung der dienstlichen Tätigkeit des meldenden Person in Stammaktien auszahlbar, vorbehaltlich etwaiger Ausschüttungswahl. Nach dieser Transaktion besitzt die meldende Person benefiz: 1.425 Aktien/Einheiten, einschließlich zusätzlicher Einheiten, die anstelle von Barausschüttungen erhalten wurden. Die Einreichung ist eine interne, nicht derivative vergütungsbezogene Auszeichnung, die gemäß Regel 16b-3 befreit ist.

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
Estimated average burden
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).
1. Name and Address of Reporting Person*
Chattopadhyay Sanat

(Last) (First) (Middle)
8145 BLAZER DRIVE

(Street)
WILMNGTON 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)
09/30/2025
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
Common Stock Units (1) 09/30/2025 A(2) 300 (3) (3) Common Stock 300 $47.91 1,425(4) D
Explanation of Responses:
1. 1 for 1.
2. Common Stock Units acquired pursuant to Ashland's Deferred Compensation Plan for Non-Employee Directors (the "Plan") and exempt under Rule 16b-3. (One (1) Common Stock Unit in the Plan is the equivalent of one (1) share of Ashland Common Stock.)
3. Subject to any deferral election on timing of distribution by the reporting person under the Plan, the Common Stock Units are payable in Common Stock upon the reporting person's separation from service as a director.
4. Balance includes additional Common Stock Units acquired in lieu of cash dividends.
/s/ Serena S. Kenost, Attorney-In-Fact for Sanat Chattopadhyay 10/02/2025
** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did Sanat Chattopadhyay report for ASH?

The reporting person acquired 300 Common Stock Units under Ashland's Deferred Compensation Plan for Non-Employee Directors on 09/30/2025.

How many shares/units does the reporting person own after the transaction?

The filing shows beneficial ownership of 1,425 shares/units following the reported transaction.

Are the Common Stock Units immediately transferable shares?

No. The Common Stock Units are payable in common stock upon the reporting person's separation from service, subject to any deferral election under the Plan.

Under what rule is this transaction exempt?

The acquisition of Common Stock Units is reported as exempt under Rule 16b-3.

Did the filing indicate cash dividends were involved?

Yes. The balance includes additional Common Stock Units acquired in lieu of cash dividends.
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