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 and stock options.

Summary

• On May 19, 2025, Tim A. Makowski acquired 1,016 shares of Advanced Drainage Systems common stock.
• Also on May 19, 2025, Makowski disposed of 105 shares at $121.86 to cover tax obligations.
• On May 20, 2025, Makowski disposed of 85 shares at $118.39 to cover tax obligations.
• Makowski also reports beneficial ownership of 17,557.1858 shares held indirectly through the KSOP.
• Makowski acquired options to purchase 2,166 shares of common stock at an exercise price of $119.30 on May 19, 2025.
• These options vest in three equal annual installments starting May 19, 2026, contingent upon continued employment.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reflects routine insider transactions. The acquisition of shares and granting of options are mildly positive, offset by the disposal of shares for tax obligations.

Positives

• The acquisition of 1,016 shares shows confidence in the company's future.
• The granting of stock options incentivizes continued employment and performance.

Future Outlook

The vesting of stock options is contingent upon continued employment with the Issuer.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies, ensuring compliance with SEC regulations.
• Similar filings are made by executives at companies like Waste Management and Republic Services, providing insights into their stock ownership and trading activities.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding executive stock ownership.
• The vesting of stock options incentivizes the executive to contribute to the company's success, potentially benefiting shareholders.

Key Dates

Keywords

Form 4, stock options, stock disposal, stock acquisition, Advanced Drainage Systems, WMS, insider trading