Form 4: Advanced Drainage Systems Executive Reports Stock Transactions

Tim A. Makowski, Vice President, Controller and Chief Accounting Officer of Advanced Drainage Systems, reports acquisition and disposal of company stock related to performance-based units and tax obligations.

Summary

• On May 14, 2025, Tim A. Makowski acquired 3,080 shares of Common Stock at $0, representing performance-based units earned after meeting performance goals for the period ended March 31, 2025.
• He also disposed of 921 shares at $121.68 and 14 shares at $121.68 to satisfy tax obligations related to the vesting of restricted common stock.
• Following these transactions, Makowski directly owns 6,675 shares of Common Stock and indirectly owns 17,557.1858 shares through KSOP.
• The performance-based units were originally granted under the Issuer's 2017 Omnibus Incentive Plan and include 46 shares of dividend equivalents settled in common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The transactions are routine and related to compensation and tax obligations. There's no indication of significant positive or negative news.

Positives

• The acquisition of shares indicates that performance goals were met, which could be viewed positively.

Negatives

• The disposal of shares to cover tax obligations could be seen as a minor negative, although it's a common practice.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives regarding their holdings of company stock.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.

Key Dates

Keywords

Advanced Drainage Systems, WMS, stock transaction, Form 4, insider trading, Makowski, performance-based units, KSOP, tax obligations