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

Darin S. Harvey, EVP of Supply Chain & Logistics at Advanced Drainage Systems, Inc. (WMS), reported the disposition of 206 shares of common stock to cover tax obligations related to the vesting of restricted stock.

Summary

• Darin S. Harvey, Executive Vice President of Supply Chain & Logistics at Advanced Drainage Systems, Inc. (WMS), filed a Form 4.
• The filing reports a transaction on May 22, 2025, where 206 shares of Common Stock were disposed of at a price of $111 per share.
• This disposition was identified as an 'F' transaction code, indicating shares withheld to satisfy the reporting person's tax obligations in connection with the vesting of restricted common stock.
• Following this transaction, Darin S. Harvey directly beneficially owns 7,354 shares of Common Stock.
• Additionally, Darin S. Harvey indirectly beneficially owns 15,232.7225 shares of Common Stock through a KSOP (likely a 401k or similar retirement plan) allocation.

Sentiment

Score: 5

Explanation: The document is a routine compliance filing (Form 4) reporting a non-discretionary transaction (shares withheld for tax obligations). It has no material positive or negative implications for the company's operations or financial health, hence a neutral sentiment.

Future Outlook

This Form 4 filing is a compliance document reporting a past transaction and does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing is a routine insider transaction report and does not provide specific insights into broader industry trends or competitive dynamics within the drainage systems or construction materials sectors. It reflects standard executive compensation practices.

Key Dates

Keywords

Advanced Drainage Systems, WMS, Form 4, insider transaction, stock disposition, tax withholding, executive compensation, restricted stock, beneficial ownership