UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
−Removed: Share repurchase activity during the three months ended December 31, 2025 was as follow:
+Added: Share repurchase activity during the three months ended March 31, 2026 was as follow:
Issuer Purchases of Equity Securities
12 unchanged sentences
(in millions) (a)
−Removed: October 1, 2025 to October 31, 2025
−Removed: November 1, 2025 to November 30, 2025
−Removed: December 1, 2025 to December 31, 2025
+Added: January 1, 2026 to January 31, 2026
+Added: February 1, 2026 to February 28, 2026
+Added: March 1, 2026 to March 31, 2026
(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.
−Removed: As of December 31, 2025, $520 million remained available for repurchase under this authorization.
+Added: As of March 31, 2026, $520 million remained available for repurchase under this authorization.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.