Ashland technology chief converts 10,418 stock units

Ashland's SVP and CTO had 3,647 shares withheld for tax liability incident to restricted-stock-unit vesting.

Available on EDGAR 09/23/2026 - 04:31 PM EDT Accepted by SEC EDGAR 09/23/2026 - 04:30 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Ashland Inc. SVP and CTO Musa Osama M converted 10,418 restricted stock units into 10,418 common shares on September 21, 2026; the common-stock transaction lists $69.06 per share. A further 3,647 shares were withheld for tax liability incident to vesting. The 10,418-unit balance included a 9,694-RSU grant scheduled to vest September 19, 2026, subject to continuous employment, and additional stock or RSUs acquired in lieu of cash dividends. No Rule 10b5-1 plan is reported.

Insider Trade Summary

10,418 shares exercised/converted

Exercise 3 txns

Insider MUSA OSAMA M

Role SVP and CTO

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit F3, F4, F2	10,418	$0.00	$0.00
Exercise	Common Stock	10,418	$69.06	$719K
Tax Withholding	Common Stock F1, F2	3,647	$69.06	$252K

Holdings After Transaction: Restricted Stock Unit — 10,418 units (Direct); Common Stock — 37,577 shares (Direct)

Footnotes (4)

1. F1. Payment of tax liability by withholding securities incident to the vesting of Restricted Stock Units acquired pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3.
2. F2. Balance includes additional common stock or restricted stock units acquired in lieu of cash dividends.
3. F3. Each Restricted Stock Unit (RSU) represents a right to receive one (1) share of Ashland Common Stock.
4. F4. On September 19, 2023, the Reporting Person was granted 9,694 RSUs, vesting on September 19, 2026, provided that the Reporting Person remains in continuous employment with the Issuer.

Key Figures

Restricted stock units converted: 10,418 RSUs Common shares acquired: 10,418 shares Reported per-share amount: $69.06 per share +2 more

5 metrics

Restricted stock units converted 10,418 RSUs September 21, 2026 transaction

Common shares acquired 10,418 shares September 21, 2026 transaction

Reported per-share amount $69.06 per share Common-stock transaction on September 21, 2026

Shares withheld for tax liability 3,647 shares September 21, 2026 RSU vesting

RSU grant 9,694 RSUs Granted September 19, 2023; scheduled to vest September 19, 2026, subject to continuous employment

Key Terms

Restricted Stock Units, Rule 16b-3, continuous employment, in lieu of cash dividends

4 terms

Restricted Stock Units financial

"vesting of Restricted Stock Units acquired pursuant to Ashland's incentive plan"

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.

Rule 16b-3 regulatory

"exempt pursuant to Rule 16b-3"

Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.

continuous employment technical

"provided that the Reporting Person remains in continuous employment"

in lieu of cash dividends financial

"acquired in lieu of cash dividends"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many Ashland (ASH) shares did Musa Osama M acquire in the September 21, 2026 RSU transaction?

Musa Osama M acquired 10,418 shares of common stock through the reported RSU exercise or conversion on September 21, 2026. The common-stock transaction lists $69.06 per share.

How many shares were withheld from Ashland (ASH) SVP and CTO Musa Osama M for taxes?

The transaction reports 3,647 common shares withheld for payment of tax liability incident to RSU vesting on September 21, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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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^*

MUSA OSAMA M

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/21/2026

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
Common Stock	09/21/2026		M		10,418	A	$69.06	41,224	D
Common Stock	09/21/2026		F		3,647(1)	D	$69.06	37,577(2)	D

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 Unit	(3)	09/21/2026		M			10,418	(4)	(4)	Common Stock	10,418	$0	10,418(2)	D

Explanation of Responses:

1. Payment of tax liability by withholding securities incident to the vesting of Restricted Stock Units acquired pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3.

2. Balance includes additional common stock or restricted stock units acquired in lieu of cash dividends.

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

4. On September 19, 2023, the Reporting Person was granted 9,694 RSUs, vesting on September 19, 2026, provided that the Reporting Person remains in continuous employment with the Issuer.

	/s/ Serena S. Kenost, Attorney-in-Fact for Osama M. Musa	09/23/2026
	** 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)