Ashland (NYSE: ASH) awards CEO 32,096 restricted stock units vesting 2028

Rhea-AI Filing Summary

Ashland Inc. reported that Chair of the Board and CEO Guillermo Novo received a grant of 32,096 Restricted Stock Units (RSUs) on February 6, 2026 under Ashland's shareholder-approved incentive plan. Each RSU equals one share of ASH common stock and was granted at $0 per unit.

The RSUs are scheduled to vest on December 31, 2028, as long as Novo remains in continuous employment with Ashland through that date. Following this grant, Novo beneficially owns 32,096 RSUs directly.

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^*

NOVO GUILLERMO

(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
X	Officer (give title below)		Other (specify below)
	Chair of the Board and CEO

3. Date of Earliest Transaction (Month/Day/Year)
02/06/2026

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)	02/06/2026		A		32,096		(2)	(2)	Common Stock	32,096	$0	32,096	D

Explanation of Responses:

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

2. Grant of Restricted Stock Units on February 6, 2026, pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3. The shares in this grant vest on December 31, 2028, provided that the Reporting Person remains in continuous employment with the issuer.

	/s/ Serena S. Kenost, Attorney-In-Fact for Guillermo Novo	02/10/2026
	** 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.

FAQ

What did Ashland (ASH) disclose about Guillermo Novo in this Form 4?

Ashland disclosed that CEO and Chair Guillermo Novo received 32,096 Restricted Stock Units on February 6, 2026. The grant was made under Ashland's shareholder-approved incentive plan and is exempt under Rule 16b-3, reflecting equity-based compensation rather than an open market stock purchase.

How many Restricted Stock Units were granted to the Ashland (ASH) CEO?

Guillermo Novo was granted 32,096 Restricted Stock Units by Ashland Inc. Each RSU represents the right to receive one share of ASH common stock, bringing his directly held derivative securities balance to 32,096 RSUs immediately after the reported transaction on February 6, 2026.

When do Guillermo Novo’s Ashland (ASH) RSUs vest?

The 32,096 Restricted Stock Units granted to Guillermo Novo are scheduled to vest on December 31, 2028. Vesting is conditioned on his remaining in continuous employment with Ashland through that date, linking the equity award to long-term service with the company.

What does each Ashland (ASH) Restricted Stock Unit represent in this filing?

Each Restricted Stock Unit reported for Ashland represents a right to receive one share of ASH common stock. The filing states that every RSU equals one share, so Novo’s 32,096 RSUs correspond to 32,096 potential shares if and when the units vest and settle.

Under what plan were the Ashland (ASH) RSUs to Guillermo Novo granted?

The RSUs were granted pursuant to Ashland's incentive plan that shareholders approved. The filing notes the award is exempt under Rule 16b-3, indicating it is a board-approved equity compensation grant rather than a market transaction, aligning executive pay with shareholder-approved structures.

Is the Ashland (ASH) CEO’s RSU grant a direct or indirect holding?

The Form 4 classifies Guillermo Novo’s 32,096 Restricted Stock Units as directly owned. The ownership form is listed as "D" for direct, and there is no indicated indirect holding entity or special nature of ownership in the transaction details or accompanying footnotes.