LOY BERTRAND 4

What Happened
Loy Bertrand, a director of Ashland Inc., was granted 1,741 Restricted Stock Units (RSUs) on 2026-05-15. The grant is reported at $54.50 per share for a total reported value of $94,885. This was an award/derivative grant (not an open‑market purchase or sale).

Key Details

• Transaction date: 2026-05-15; Form 4 filed: 2026-05-18 (filed timely).
• Transaction code: A (Award/Grant of derivative RSUs).
• Units granted: 1,741 RSUs at $54.50 each; total value reported $94,885.
• Shares/units owned after transaction: Not disclosed in the filing.
• Footnotes: F1 — each RSU equals one share of Ashland common stock; F2 — RSUs granted under Ashland’s Omnibus Incentive Plan and will vest one year after grant (RSUs in the Deferred Compensation Plan for Non‑Employee Directors are equivalent to one share).

Context
RSUs are rights to receive shares upon vesting; these units will convert to common stock only after the one‑year vesting period, so no immediate market transaction occurred. Director RSU grants are a routine form of compensation and should be viewed as compensation-related rather than a direct buy/sell signal.