Form 4: Advanced Drainage Systems Executive VP Exercises Options and Sells Shares
SEC Form 4 Filing
Robert M. Klein, EVP of Sales at Advanced Drainage Systems, exercised stock options and sold a portion of the acquired shares on May 24, 2024.
Summary
- On May 24, 2024, Robert M. Klein, the Executive Vice President of Sales at Advanced Drainage Systems, Inc. (WMS), engaged in transactions involving the company's common stock.
- Klein exercised options to purchase common stock at prices of $105.82, $99.29, and $96.51, acquiring 859, 1,031, and 1,169 shares respectively.
- Following these acquisitions, Klein sold 3,059 shares of common stock at a price of $175.9502 per share.
- After these transactions, Klein directly owns 102,070 shares of Advanced Drainage Systems, Inc.
- He also holds options to purchase 3,368 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating neutral sentiment. It simply reports transactions by an insider.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors often monitor these filings for insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 05/18/2022 | First vesting date for 859 options. |
| 05/17/2023 | First vesting date for 1,031 options. |
| 05/21/2024 | First vesting date for 1,169 options. |
| 05/24/2024 | Date of options exercise and share sale. |
| 05/29/2024 | Date of Form 4 filing. |
| 05/18/2031 | Expiration date for 859 options. |
| 05/17/2032 | Expiration date for 1,031 options. |
| 05/21/2033 | Expiration date for 1,169 options. |
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