ASH · Ashland Inc.

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

On August 11, 2023, the Reporting Person was granted 1,806 RSUs, vesting on August 11, 2026, provided that the Reporting Person remains in continuous employment with the issuer.

Balance includes additional Restricted Stock Units acquired in lieu of cash dividends. The amount reported reflects a correction to the number of Restricted Stock Units previously reported on the Reporting Person's Form 4 filed on August 15, 2023, which indadvertantly overstated the number of Restricted Stock Units granted on August 11, 2023. The correct number of Restricted Stock Units granted on August 11, 2023 was 1,806.

Balance includes additional Restricted Stock Units acquired in lieu of cash dividends. The amount reported reflects a correction to the number of Restricted Stock Units previously reported on the Reporting Person's Form 4 filed on August 15, 2023, which indadvertantly overstated the number of Restricted Stock Units granted on August 11, 2023. The correct number of Restricted Stock Units granted on August 11, 2023 was 1,806.

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.

The Stock Appreciation Rights (SARs) were exercised pursuant to the Ashland Inc. 2021 Omnibus Incentive Compensation Plan and were settled on a net-share basis. The transaction was effected pursant to a Rule 10b5-1 trading plan adopted by the reporting person on February 26, 2026.

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.

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

On July 25, 2024, the Reporting Person was granted 15,234 restricted stock units, vesting over a three-year period, with 20% vesting on July 25, 2025, 20% vesting on July 25, 2026, and 60% vesting on July 25, 2027, provided that the Reporting Person remains in continuous employment with the Issuer.

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

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

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.)

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.)

1 for 1.

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.)

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.

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

1 for 1.

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.)

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.

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

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.)

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

On May 18, 2023, the Reporting Person was granted 6,708 restricted stock units, vesting over a three-year period, with 20% vesting on May 8, 2024, 20% vesting on May 8, 2025, and 60% vesting on May 8, 2026, provided that the Reporting Person remains in continuous employment with the Issuer.

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

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.

1 for 1.

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.)

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.

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

1 for 1.

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.)

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.

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

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

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.

Represents January 21, 2026 vesting of 2,113 restricted stock units granted on January 21, 2025, pursuant to Ashland's Omnibus Incentive Plan. Each unit represents the right to acquire one share of Common Stock. Balance includes additional Restricted Stock Units acquired in lieu of cash dividends.

Represents January 21, 2026 vesting of 2,113 restricted stock units granted on January 21, 2025, pursuant to Ashland's Omnibus Incentive Plan. Each unit represents the right to acquire one share of Common Stock. Balance includes additional Restricted Stock Units acquired in lieu of cash dividends.

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.)

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

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

Grant of stock-settled Restricted Stock Units granted under the Ashland Inc. Omnibus Incentive Plan. The Restricted Stock Units will vest one year after the grant date.

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

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

Grant of stock-settled Restricted Stock Units granted under the Ashland Inc. Omnibus Incentive Plan. The Restricted Stock Units are deferred at the election of the Reporting Person under the Ashland Inc. Deferred Compensation Plan for Non-Employee Directors until retirement from service as a director. The Restricted Stock Units will vest one year after the grant date. One (1) Restricted Stock Unit in the Ashland Inc. Deferred Compensation Plan for Non-Employee Directors is the equivalent of one (1) share of Ashland Common Stock.

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

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

Grant of stock-settled Restricted Stock Units granted under the Ashland Inc. Omnibus Incentive Plan. The Restricted Stock Units are deferred at the election of the Reporting Person under the Ashland Inc. Deferred Compensation Plan for Non-Employee Directors until retirement from service as a director. The Restricted Stock Units will vest one year after the grant date. One (1) Restricted Stock Unit in the Ashland Inc. Deferred Compensation Plan for Non-Employee Directors is the equivalent of one (1) share of Ashland Common Stock.

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

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

Grant of stock-settled Restricted Stock Units granted under the Ashland Inc. Omnibus Incentive Plan. The Restricted Stock Units are deferred at the election of the Reporting Person under the Ashland Inc. Deferred Compensation Plan for Non-Employee Directors until retirement from service as a director. The Restricted Stock Units will vest one year after the grant date. One (1) Restricted Stock Unit in the Ashland Inc. Deferred Compensation Plan for Non-Employee Directors is the equivalent of one (1) share of Ashland Common Stock.

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

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

Grant of stock-settled Restricted Stock Units granted under the Ashland Inc. Omnibus Incentive Plan. The Restricted Stock Units are deferred at the election of the Reporting Person under the Ashland Inc. Deferred Compensation Plan for Non-Employee Directors until retirement from service as a director. The Restricted Stock Units will vest one year after the grant date. One (1) Restricted Stock Unit in the Ashland Inc. Deferred Compensation Plan for Non-Employee Directors is the equivalent of one (1) share of Ashland Common Stock.

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

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

Grant of stock-settled Restricted Stock Units granted under the Ashland Inc. Omnibus Incentive Plan. The Restricted Stock Units are deferred at the election of the Reporting Person under the Ashland Inc. Deferred Compensation Plan for Non-Employee Directors until retirement from service as a director. The Restricted Stock Units will vest one year after the grant date. One (1) Restricted Stock Unit in the Ashland Inc. Deferred Compensation Plan for Non-Employee Directors is the equivalent of one (1) share of Ashland Common Stock.

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

1 for 1

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.)

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.

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

1 for 1

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.)

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.

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

Stock Appreciation Rights (SARs) granted under the Ashland Inc. 2021 Omnibus Incentive Compensation Plan.

SARs become exercisable ratably over three years beginning on the first anniversary from the date of grant.

Stock Appreciation Rights (SARs) granted under the Ashland Inc. 2021 Omnibus Incentive Compensation Plan.

SARs become exercisable ratably over three years beginning on the first anniversary from the date of grant.

Stock Appreciation Rights (SARs) granted under the Ashland Inc. 2021 Omnibus Incentive Compensation Plan.

SARs become exercisable ratably over three years beginning on the first anniversary from the date of grant.

Stock Appreciation Rights (SARs) granted under the Ashland Inc. 2021 Omnibus Incentive Compensation Plan.

SARs become exercisable ratably over three years beginning on the first anniversary from the date of grant.

Stock Appreciation Rights (SARs) granted under the Ashland Inc. 2021 Omnibus Incentive Compensation Plan.

SARs become exercisable ratably over three years beginning on the first anniversary from the date of grant.

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

Grant of Restricted Stock Units on November 19, 2025, pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3. The shares in this grant vest in three equal installments beginning one year from the date of grant, provided that the Reporting Person remains in continuous employment with the issuer.

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

Grant of Restricted Stock Units on November 19, 2025, pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3. The shares in this grant vest in three equal installments beginning one year from the date of grant, provided that the Reporting Person remains in continuous employment with the issuer.

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

Grant of Restricted Stock Units on November 19, 2025, pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3. The shares in this grant vest in three equal installments beginning one year from the date of grant, provided that the Reporting Person remains in continuous employment with the issuer.

Stock Appreciation Rights (SARs) granted under the Ashland Inc. 2021 Omnibus Incentive Compensation Plan.

SARs become exercisable ratably over three years beginning on the first anniversary from the date of grant.

Stock Appreciation Rights (SARs) granted under the Ashland Inc. 2021 Omnibus Incentive Compensation Plan.

SARs become exercisable ratably over three years beginning on the first anniversary from the date of grant.

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

Grant of Restricted Stock Units on November 19, 2025, pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3. The shares in this grant vest in three equal installments beginning one year from the date of grant, provided that the Reporting Person remains in continuous employment with the issuer.

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

Grant of Restricted Stock Units on November 19, 2025, pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3. The shares in this grant vest in three equal installments beginning one year from the date of grant, provided that the Reporting Person remains in continuous employment with the issuer.

Stock Appreciation Rights (SARs) granted under the Ashland Inc. 2021 Omnibus Incentive Compensation Plan.

SARs become exercisable ratably over three years beginning on the first anniversary from the date of grant.

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

Grant of Restricted Stock Units on November 19, 2025, pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3. The shares in this grant vest in three equal installments beginning one year from the date of grant, provided that the Reporting Person remains in continuous employment with the issuer.

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

Grant of Restricted Stock Units on November 19, 2025, pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3. The shares in this grant vest in three equal installments beginning one year from the date of grant, provided that the Reporting Person remains in continuous employment with the issuer.

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

Grant of Restricted Stock Units on November 19, 2025, pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3. The shares in this grant vest in three equal installments beginning one year from the date of grant, provided that the Reporting Person remains in continuous employment with the issuer.

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

Grant of Restricted Stock Units on November 19, 2025, pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3. The shares in this grant vest in three equal installments beginning one year from the date of grant, provided that the Reporting Person remains in continuous employment with the issuer.

Stock Appreciation Rights (SARs) granted under the Ashland Inc. 2021 Omnibus Incentive Compensation Plan.

SARs become exercisable ratably over three years beginning on the first anniversary from the date of grant.