Form 4: Advanced Drainage Systems Executive Sells Shares for Tax Obligations

Advanced Drainage Systems Executive Vice President Brian W. King disposed of 167 shares of common stock to cover tax obligations related to the vesting of restricted stock.

Summary

• Brian W. King, Executive Vice President of Advanced Drainage Systems, Inc. (WMS), reported a transaction on May 22, 2025.
• The transaction involved the disposition of 167 shares of common stock.
• These shares were withheld by the Issuer to satisfy Mr. King's tax obligations in connection with the vesting of restricted common stock.
• The price per share for the disposed securities was $111.
• Following this transaction, Mr. King directly beneficially owns 16,692 shares of common stock.
• Additionally, Mr. King indirectly beneficially owns 1,768.9153 shares through a KSOP (presumably a 401(k) or similar retirement plan).

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing reports a routine, non-discretionary transaction (shares withheld for tax obligations upon vesting of restricted stock) which is a common occurrence in executive compensation.

Future Outlook

NA

Industry Context

This Form 4 filing reports a routine insider transaction related to executive compensation and tax compliance, which is common across all industries for publicly traded companies with equity compensation plans.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a small, routine, non-discretionary transaction for tax purposes, not indicative of a change in management's confidence or a significant shift in ownership.

Key Dates

Keywords

Advanced Drainage Systems, WMS, Form 4, Insider Transaction, Executive Compensation, Stock Vesting, Tax Withholding, Brian W. King