Ashland (NYSE: ASH) director Bertrand Loy receives grant of 1,741 RSUs

Rhea-AI Filing Summary

LOY BERTRAND reported acquisition or exercise transactions in this Form 4 filing.

Ashland Inc. director Bertrand Loy received a grant of 1,741 Restricted Stock Units (RSUs) tied to Ashland common stock. Each RSU represents one share of common stock. According to the grant terms, these RSUs were awarded under Ashland's Omnibus Incentive Plan and will vest one year after the grant date.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider LOY BERTRAND

Role null

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	1,741	$54.50	$95K

Holdings After Transaction: Restricted Stock Units — 1,741 shares (Direct, null)

Footnotes (1)

1. Each Restricted Stock Unit (RSU) represents a right to receive one (1) share of Ashland Common Stock. Grant of Restricted Stock Units granted under Ashland's Omnibus Incentive Plan. 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.)

Key Figures

RSUs granted: 1,741 units Grant value reference price: $54.50 per unit Shares after transaction: 1,741 units +1 more

4 metrics

RSUs granted 1,741 units Restricted Stock Units awarded to director on grant date

Grant value reference price $54.50 per unit Price per share field associated with the RSU grant

Shares after transaction 1,741 units Total Restricted Stock Units held following this grant

RSU-to-share ratio 1 RSU : 1 share Each RSU represents one Ashland common share per footnote

Key Terms

Restricted Stock Units, Omnibus Incentive Plan, Deferred Compensation Plan for Non-Employee Directors

3 terms

Restricted Stock Units financial

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

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Omnibus Incentive Plan financial

"Grant of Restricted Stock Units granted under Ashland's Omnibus Incentive Plan."

An omnibus incentive plan is a single, flexible program a company uses to give employees and executives different types of pay tied to performance — for example stock options, restricted shares, cash bonuses and other awards — all governed by one set of rules. It matters to investors because it determines how many new shares may be created, how leaders are motivated and how much the company will spend on compensation over time; think of it as a master toolbox that affects both costs and the total share supply.

Deferred Compensation Plan for Non-Employee Directors financial

"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."

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
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).

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^*

LOY BERTRAND

(Last) (First) (Middle)

8145 BLAZER DRIVE

(Street)

WILMINGTON DELAWARE 19808

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026

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

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

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

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)	05/15/2026		A		1,741		(2)	(2)	Common Stock	1,741	$54.5	1,741	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 Restricted Stock Units granted under Ashland's Omnibus Incentive Plan. 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.)

	/s/ Serena S. Kenost, Attorney-in-Fact for Bertrand Loy	05/18/2026
	** 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.
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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Ashland (ASH) director Bertrand Loy report?

Bertrand Loy reported receiving a grant of 1,741 Restricted Stock Units. These RSUs were awarded as equity compensation and are linked to Ashland common stock, providing additional long-term alignment between the director’s interests and shareholders.

How many Ashland (ASH) shares are represented by Bertrand Loy’s new RSUs?

The grant covers 1,741 Restricted Stock Units, each representing one share of Ashland common stock. In total, the award corresponds to 1,741 shares, contingent on the vesting conditions being satisfied after the specified period.

When will Bertrand Loy’s Ashland (ASH) Restricted Stock Units vest?

The Restricted Stock Units will vest one year after the grant date. Vesting means the director gains the right to receive the underlying Ashland common shares, subject to the plan’s terms and any continued service requirements.

Under which plan were the Ashland (ASH) RSUs granted to Bertrand Loy?

The RSUs were granted under Ashland's Omnibus Incentive Plan. This plan is used to provide equity-based compensation, such as stock units, to directors and other participants to support long-term ownership and performance incentives.

What does one Ashland (ASH) Restricted Stock Unit represent in this grant?

Each Restricted Stock Unit represents a right to receive one share of Ashland common stock. The filing also notes that one RSU in the Deferred Compensation Plan for Non-Employee Directors is equivalent to one Ashland common share.