D. Scott Barbour - May 15, 2024 Form 4 Insider Report for ADVANCED DRAINAGE SYSTEMS, INC. (WMS)

Role
President & Chief Executive Officer, Director
Signature
/s/ D. Scott Barbour, by Scott A. Cottrill as attorney-in-fact
Stock symbol
WMS
Transactions as of
May 15, 2024
Transactions value $
-$2,721,100
Form type
4
Date filed
5/17/2024, 04:55 PM
Previous filing
May 10, 2024
Next filing
May 21, 2024
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 +35.9K +157.62% $0.00 58.7K May 15, 2024 Direct F1
transaction WMS Common Stock Tax liability -$2.68M -15.2K -25.94% $176.18 43.5K May 15, 2024 Direct F2
transaction WMS Common Stock Tax liability -$37.7K -214 -0.49% $176.18 43.3K May 15, 2024 Direct F2
holding WMS Common Stock 46.3K May 15, 2024 Reporting Person's Revocable Trust F3
holding WMS Common Stock 97.8K May 15, 2024 Reporting Person's Irrevocable Trust F4
holding WMS Common Stock 9.7K May 15, 2024 Spouse's Revocable Trust F5
holding WMS Common Stock 65.8K May 15, 2024 Spouse's Irrevocable Trust F6
holding WMS Common Stock 49.3K May 15, 2024 Reporting Person's GRAT F7
holding WMS Common Stock 16.9K May 15, 2024 By KSOP F8
* 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, 2024 had been met. Total includes dividend equivalents in the amount of 471 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 Shares held in a GRAT of which the reporting person is trustee.
F8 Represents current allocation under KSOP.

Remarks:

President & Chief Executive Officer