Form 4: Advanced Drainage Systems Exec Sells Shares

Patrick M. Coyle Jr., Executive Vice President of Supply Chain Management at Advanced Drainage Systems, Inc., reported a transaction involving the sale of company stock.

Summary

• Patrick M. Coyle Jr., Executive Vice President of Supply Chain Management at Advanced Drainage Systems, Inc. (WMS), reported a transaction on May 22, 2026.
• The transaction involved the disposal of 112 shares of common stock.
• These shares were withheld to cover the reporting person's tax obligations related to the vesting of restricted common stock.
• Following this transaction, Coyle Jr. directly beneficially owns 8,813 shares of common stock.
• Additionally, Coyle Jr. has an indirect beneficial ownership of 4,310.908 shares through the KSOP (401k) plan.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as the reported transaction is a standard tax-related share withholding by an executive, rather than an outright sale of stock driven by negative sentiment.

Negatives

• The transaction represents a disposal of company stock by a key executive.

Future Outlook

No specific future outlook or guidance is provided in this filing.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions. This particular filing indicates a common practice where executives have shares withheld for tax purposes upon vesting of restricted stock, which is generally not viewed as a negative signal about the company's prospects.

Stakeholder Impact

• Shareholders: The transaction is a routine tax-related withholding and is not expected to have a significant impact on the share price or overall shareholder value.
• Employees: The transaction relates to executive compensation and tax management, with no direct impact on other employees.
• Management: The transaction reflects standard executive compensation practices and tax compliance.

Key Dates

Keywords

Advanced Drainage Systems, WMS, Form 4, Insider Transaction, Stock Sale, Executive Compensation, Supply Chain Management