X0206 3 2023-08-11 0 0001674862 ASHLAND INC. ASH 0001989580 MINICUCCI JAMES P. 1845 BLAZER DRIVE WILMINGTON DE 19808 1 SVP Strategy, M&A & Portfolio Restricted Stock Units Common Stock 6738 D Grant of Restricted Stock Units on May 18, 2023, pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3. The Restricted Stock Units vest in three annual installments. The first installment (1347) vests on May 8, 2024, the second installment (1348) vests on May 8, 2025, and the third installment (4043) vests on May 8, 2026, provided that the Reporting Person remains in continuous employment with the issuer. Each Restricted Stock Unit represents a right to receive one (1) share of Ashland Common Stock. /s/ Serena S. Kenost, Attorney-in-Fact 2023-08-15