Ashland (NYSE: ASH) director receives 2,449 RSUs under incentive plan

Rhea-AI Filing Summary

Ashland Inc. director Suzan F. Harrison reported an equity grant of 2,449 Restricted Stock Units (RSUs) on January 20, 2026. Each RSU represents the right to receive one share of Ashland common stock and was valued at $61.23 per unit on the grant date. The RSUs were granted under Ashland's Omnibus Incentive Plan and will vest one year after the grant date. Following this grant, Harrison beneficially owns 8,396 RSUs, a balance that also reflects additional units credited in lieu of cash dividends.

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

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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^*

Harrison Suzan F.

(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	8,396(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 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.)

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

	/s/ Robin Lampkin, Attorney-in-Fact for Suzan F. Harrison	01/22/2026
	** 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).
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FAQ

What insider transaction did ASH report for Suzan F. Harrison?

Ashland Inc. reported that director Suzan F. Harrison received a grant of 2,449 Restricted Stock Units (RSUs) on January 20, 2026 under the company’s Omnibus Incentive Plan.

What does each RSU granted to the ASH director represent?

Each Restricted Stock Unit represents a right to receive one share of Ashland common stock, according to the filing’s footnotes.

When do the newly granted ASH RSUs vest?

The RSUs granted to director Suzan F. Harrison will vest one year after the date of grant, as provided in the Omnibus Incentive Plan terms.

What was the reference price for the 2,449 ASH RSUs?

The 2,449 RSUs were reported with a price of $61.23 per unit, reflecting the value used in the Form 4 for this derivative award.

How many Ashland RSUs does the director hold after this transaction?

After this grant, Suzan F. Harrison beneficially owns 8,396 Restricted Stock Units, which includes additional RSUs acquired in lieu of cash dividends.

Under which plan were the RSUs for ASH’s director granted?

The RSUs were granted under Ashland's Omnibus Incentive Plan, which provides equity awards such as Restricted Stock Units to eligible participants.