Form 4: Advanced Drainage Systems CFO Reports Routine Stock Disposition for Tax Obligations

Scott A. Cottrill, EVP, CFO, and Secretary of Advanced Drainage Systems, Inc. (WMS), reported the disposition of 615 shares of common stock on May 22, 2025, to cover tax obligations related to restricted stock vesting.

Summary

• Scott A. Cottrill, the Executive Vice President, Chief Financial Officer, and Secretary of Advanced Drainage Systems, Inc. (WMS), filed a Form 4 statement.
• The transaction occurred on May 22, 2025, and involved the disposition of 615 shares of common stock.
• The shares were disposed of at a price of $111 per share.
• This disposition was identified by transaction code 'F', indicating that the shares were withheld to satisfy tax obligations in connection with the vesting of restricted common stock.
• Following this transaction, Mr. Cottrill directly beneficially owns 99,153 shares of common stock.
• Additionally, Mr. Cottrill indirectly beneficially owns 17,469.3271 shares through a KSOP (presumably a 401(k) or similar retirement plan).

Sentiment

Score: 5

Explanation: Neutral. This is a routine insider transaction for tax purposes, which is a common occurrence and does not typically reflect a positive or negative sentiment about the company's performance or future prospects.

Positives

• The transaction indicates the vesting of restricted common stock, which implies that performance or time-based conditions for the executive's compensation were met.

Negatives

• No direct negatives are identified as this is a standard, routine tax withholding transaction and not a discretionary sale.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Management Comments

• The filing states that the disposition 'Represents shares withheld to satisfy Reporting Person's tax obligations in connection with the vesting of shares of restricted common stock of the Issuer.'

Industry Context

This filing is an individual insider transaction report and does not provide information relevant to broader industry trends or competitive analysis.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a small, routine transaction for tax purposes and does not signal a change in the company's strategic direction or financial health.
• Employees: No direct impact on general employees.

Key Dates

Keywords

Advanced Drainage Systems, WMS, Form 4, Insider Transaction, Stock Ownership, Scott A. Cottrill, CFO, Restricted Stock, Tax Withholding, Beneficial Ownership