Form 4: Advanced Drainage Systems Executive Reports Stock Transaction
SEC Form 4 Filing
Tim A. Makowski, Vice President, Controller, and Chief Accounting Officer of Advanced Drainage Systems, Inc., reports a transaction involving common stock to cover tax obligations.
Summary
- On May 22, 2024, Tim A. Makowski, Vice President, Controller, and Chief Accounting Officer of Advanced Drainage Systems, Inc. (WMS), reported a transaction involving the company's common stock.
- 198 shares were disposed of to satisfy tax obligations related to the vesting of restricted common stock at a price of $177.06.
- Following the transaction, Makowski directly owns 8,330 shares of common stock.
- Makowski also indirectly owns 17,557.8447 shares through the company's KSOP (presumably a 401k or employee stock ownership plan).
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't convey any particularly positive or negative sentiment.
Industry Context
This is a routine disclosure of an insider transaction, which is common for publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a small sale of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/22/2024 | Date of stock transaction |
| 05/24/2024 | Date of signature on the report |
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.