Form 4: Advanced Drainage Systems Executive Darin S. Harvey Reports Stock Transactions
SEC Form 4 Filing
EVP of Supply Chain & Logistics at Advanced Drainage Systems, Darin S. Harvey, reports stock sales and option exercises on February 19, 2025.
Summary
- Darin S. Harvey, EVP of Supply Chain & Logistics at Advanced Drainage Systems, reported transactions involving the company's common stock on February 19, 2025.
- Harvey sold 976 shares of common stock at $125 per share.
- He also exercised options to purchase 1,488 shares at $96.51 per share.
- An additional 1,488 shares were sold at $125 per share.
- Following these transactions, Harvey directly owns 3,069 shares of common stock and indirectly owns 15,232.8225 shares through the KSOP.
- He also directly owns 2,975 derivative securities (options).
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of insider trading activity. The transactions themselves don't necessarily indicate a positive or negative outlook for the company.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to the market regarding the actions of company executives. It's a standard practice for publicly traded companies.
Stakeholder Impact
- Shareholders are informed about insider transactions, promoting transparency.
Key Dates
| Date | Description |
|---|---|
| 05/21/2024 | First vesting date for options in three equal annual installments. |
| 02/19/2025 | Date of stock sale and option exercise transactions. |
| 02/21/2025 | Date of signature on the Form 4 filing. |
| 05/21/2033 | Expiration date of the options. |
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