Ashland grants CEO Guillermo Novo $1M one-time equity award to retain him through 2026

ASHLAND INC.

One-time award target value $1,000,000: 60% performance units, 40% time-based RSUs.
Performance units vest based on goals achieved during three-year period ending Sep 30, 2026.
Time-based RSUs fully vest on Dec 31, 2026, subject to Novo's continued employment.
Novo must provide 180 days notice if resigning without Good Reason (including Retirement); company must provide 180 days notice for termination without Cause (ceases after Change in Control).
Award granted under Ashland's 2021 Omnibus Incentive Compensation Plan.

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