Form 4: Advanced Drainage Systems EVP, Sales, Robert M. Klein, Reports Stock Transaction
SEC Form 4 Filing
Robert M. Klein, EVP of Sales at Advanced Drainage Systems, Inc., reports disposition of 130 shares of common stock to cover tax obligations.
Summary
- On May 22, 2024, Robert M. Klein, EVP of Sales at Advanced Drainage Systems, Inc. (WMS), disposed of 130 shares of common stock.
- The transaction was executed to satisfy tax obligations related to the vesting of restricted common stock.
- The price per share was $177.06.
- Following the transaction, Klein directly owns 102,070 shares of Advanced Drainage Systems, Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions, and does not inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding insider transactions.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares disposed of by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/22/2024 | Date of stock transaction (disposal of shares). |
| 05/24/2024 | Date of signature on the Form 4 filing. |
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