D. Scott Barbour - May 17, 2023 Form 4 Insider Report for ADVANCED DRAINAGE SYSTEMS, INC. (WMS)

Role
President & Chief Executive Officer, Director
Signature
/s/ D. Scott Barbour, by Kevin C. Talley as attorney-in-fact
Stock symbol
WMS
Transactions as of
May 17, 2023
Transactions value $
-$2,842,406
Form type
4
Date filed
5/19/2023, 09:00 PM
Previous filing
May 5, 2023
Next filing
May 22, 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WMS Common Stock Award $0 +74.4K +328.28% $0.00 97.1K May 17, 2023 Direct F1
transaction WMS Common Stock Tax liability -$2.81M -31.6K -32.59% $88.67 65.4K May 17, 2023 Direct F2
transaction WMS Common Stock Tax liability -$37.1K -418 -0.64% $88.67 65K May 17, 2023 Direct F2
holding WMS Common Stock 50.6K May 17, 2023 Reporting Person's Revocable Trust F3
holding WMS Common Stock 93.5K May 17, 2023 Reporting Person's Irrevocable Trust F4
holding WMS Common Stock 14K May 17, 2023 Spouse's Revocable Trust F5
holding WMS Common Stock 61.5K May 17, 2023 Spouse's Irrevocable Trust F6
holding WMS Common Stock 16.8K May 17, 2023 By KSOP F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects grant of performance-based units, originally granted pursuant to the Issuer's 2017 Omnibus Incentive Plan, earned after the Issuer determined that certain performance goals for the performance period ended March 31, 2023 had been met. Total includes dividend equivalents in the amount of 920 shares, which dividend equivalents are settled in common stock.
F2 Represents shares withheld to satisfy Reporting Person's tax obligations in connection with the vesting of shares of restricted common stock of the Issuer.
F3 Shares held in revocable trust for the benefit of the reporting person.
F4 Shares held in irrevocable spousal access trust established by the reporting person, of which the reporting person's spouse is a co-trustee. The beneficiaries of the irrevocable trust are the reporting person and his children.
F5 Shares held in revocable trust for the benefit of the reporting person's spouse.
F6 Shares held in irrevocable spousal access trust established by the reporting person's spouse, of which the reporting person is a co-trustee. The beneficiaries of the irerrevocable trust include the reporting person's spouse and his children.
F7 Represents current allocation under KSOP.

Remarks:

President & Chief Executive Officer