Form 4: Advanced Drainage Systems Executive Darin S. Harvey Reports Stock Transaction
SEC Form 4 Filing
EVP Darin S. Harvey of Advanced Drainage Systems, Inc. reports disposition of shares to cover tax obligations and updates holdings in KSOP.
Summary
- On May 22, 2024, Darin S. Harvey, EVP of Supply Chain & Logistics at Advanced Drainage Systems, Inc. (WMS), reported a transaction involving the company's common stock.
- 254 shares were disposed of to satisfy tax obligations related to the vesting of restricted common stock at a price of $177.06 per share.
- Following the transaction, Harvey directly owns 3,871 shares of common stock.
- Harvey also indirectly owns 15,233.3258 shares through the company's KSOP (likely a 401k or employee stock ownership plan).
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reflects a routine transaction for tax purposes and doesn't indicate any strategic shift or concern.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard transaction related to tax obligations upon vesting of restricted stock.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine transaction.
Key Dates
| Date | Description |
|---|---|
| 05/22/2024 | Date of stock transaction (disposal of shares for tax obligations). |
| 05/24/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.