Form 4: Advanced Drainage Systems Executive Reports Tax Obligation Fulfillment
SEC Form 4 Filing
Thomas J. Waun, EVP of International at Advanced Drainage Systems, reports the withholding of shares to cover tax obligations related to vesting restricted stock.
Summary
- On May 22, 2024, Thomas J. Waun, Sr., EVP, International of Advanced Drainage Systems, Inc. [WMS], had 162 shares of common stock withheld to satisfy tax obligations.
- The shares were withheld at a price of $177.06.
- Following the transaction, Waun directly owns 12,468 shares of common stock and indirectly owns 2,054.0123 shares through KSOP.
Sentiment
Score: 5
Explanation: Neutral sentiment as this is a standard transaction related to tax obligations.
Industry Context
This is a routine filing related to insider transactions and is a common occurrence for executives who receive stock as part of their compensation.
Stakeholder Impact
- The transaction has minimal impact on stakeholders as it is a routine tax-related stock withholding.
Key Dates
| Date | Description |
|---|---|
| 05/22/2024 | Date of transaction: shares withheld to satisfy tax obligations. |
| 05/24/2024 | Date of signature on the Form 4 filing. |
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