X0306 4 2023-01-24 0001674862 ASHLAND INC. ASH 0001706044 Harrison Suzan F. 8145 BLAZER DRIVE WILMINGTON DE 19808 1 Restricted Stock Units 2023-01-24 4 A 0 1365 109.85 A Common Stock 1365 1899 D 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 Ashland Omnibus Incentive Plan and deferred at the election of the reporting person under Ashland Inc. Independent Director Deferred Compensation Program dated November 17, 2022 until retirement from service as a director. The Restricted Stock Units will vest one year after date of grant. One (1) Restricted Stock Units in the Ashland Inc. Independent Director Deferred Compensation Program is the equivalent of one (1) share of Ashland Common Stock. Balance includes 2 additional Restricted Stock Units acquired in lieu of cash dividends paid on September 15, 2022 and 2 additional Restricted Stock Units acquired in lieu of cash dividends paid on December 15, 2022. /s/ Babatunde Awodiran, Attorney-in-Fact 2023-01-26