Form 4: Advanced Drainage Systems Executive Reports Stock Transactions
SEC Form 4 Filing
Darin S. Harvey, EVP of Supply Chain & Logistics at Advanced Drainage Systems, reports acquisition and disposal of company stock related to performance-based units and tax obligations.
Summary
- On May 14, 2025, Darin S. Harvey, EVP of Supply Chain & Logistics at Advanced Drainage Systems, reported transactions involving the company's common stock.
- Harvey acquired 4,806 shares of common stock related to performance-based units earned after the company determined that certain performance goals for the period ended March 31, 2025, had been met.
- This total includes 67 shares of dividend equivalents settled in common stock.
- Harvey also disposed of 1,439 shares at $121.68 to satisfy tax obligations related to the vesting of restricted common stock.
- An additional 21 shares were disposed of at $121.68 for unspecified reasons.
- Following these transactions, Harvey directly owns 6,589 shares and indirectly owns 15,232.7225 shares through the KSOP.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine disclosure of stock transactions. The acquisition of shares due to performance goals is mildly positive, but the disposal for tax obligations is a normal occurrence.
Positives
- The acquisition of shares due to the achievement of performance goals suggests the company is meeting its targets.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is standard practice for publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a company executive.
Key Dates
| Date | Description |
|---|---|
| March 31, 2025 | End of performance period for performance-based units. |
| May 14, 2025 | Date of stock transactions (acquisition and disposal). |
| May 16, 2025 | Date of signature on the Form 4 filing. |
Keywords
Advanced Drainage Systems, WMS, Darin S. Harvey, stock transaction, Form 4, performance-based units, KSOP, tax obligations, EVP Supply Chain & Logistics
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