ASHLAND INC. 10-Q

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS Share repurchase activity during the three months ended March 31, 2025 was as follow: Issuer Purchases of Equity Securities Q2 Fiscal Periods Total Number of Shares Purchased Average Price Paid Per Share, including commission Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Dollar Value of Shares that May Be Purchased Under the Plans or Programs (in millions) (a)(b) January 1, 2025 to January 31, 2025 — $ — — $ 620 February 1, 2025 to February 28, 2025 1,541,320 64.90 1,541,320 520 March 1, 2025 to March 31, 2025 — — — 520 Total 1,541,320 1,541,320 $ 520 (a) On June 28, 2023, Ashland's board of directors authorized a new evergreen $1 billion common share repurchase program (2023 Stock Repurchase Program). The new authorization terminated and replaced the 2022 Stock Repurchase Program, which had $200 million outstanding at the date of termination. As of March 31, 2025, $520 million remained available for repurchase under this authorization.