Form 4: Advanced Drainage Systems Insider Reports Stock Transfers
Insider Transaction Report
D. Scott Barbour, President & CEO of Advanced Drainage Systems, Inc., reported changes in beneficial ownership of common stock through gifts and trust transfers.
Summary
- D. Scott Barbour, President & Chief Executive Officer and a Director of Advanced Drainage Systems, Inc. (WMS), filed a Form 4 detailing changes in his beneficial ownership.
- On March 4, 2026, Barbour disposed of 511 shares of common stock from his 2023 GRAT and simultaneously acquired 511 shares in a 2023 GRAT Remainder Trust, both at a price of $0, indicating a gift or transfer.
- The filing includes a correction regarding a previously reported gift of 1,800 shares on November 25, 2025, clarifying that these shares were gifted from his revocable trust, not from direct holdings.
- On December 17, 2025, 24,600 shares of common stock were transferred from Barbour's 2023 GRAT to his revocable trust, a transaction exempt under Rule 16a-13.
- Following these transactions, Barbour's beneficial ownership includes: 42,867 shares held directly, 11,867 shares in his 2024 GRAT, 46,500 shares in his 2025 GRAT, 60,291 shares in his Revocable Trust, 98,805 shares in his Irrevocable Trust, 6,495 shares in his Spouse's Revocable Trust, 69,005 shares in his Spouse's Irrevocable Trust, and 17,065.5115 shares by KSOP.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this Form 4 filing as neutral. It reports routine insider transactions involving gifts and trust transfers, which are common for estate planning and do not typically indicate a change in company performance or outlook.
Future Outlook
NA
Industry Context
StockSavvy.ai notes that Form 4 filings are routine disclosures of insider trading activity, providing transparency into how company executives and directors manage their personal holdings. These filings typically do not reflect broader industry trends or competitive dynamics but rather individual ownership strategies.
Stakeholder Impact
- Shareholders: Provides transparency regarding the beneficial ownership structure of a key executive's holdings, primarily related to estate planning rather than market-driven transactions.
Key Dates
| Date | Description |
|---|---|
| 2025-11-25 | Correction of previously reported gift of 1,800 shares from direct holdings, now clarified as gifted from reporting person's revocable trust. |
| 2025-12-17 | Transfer of 24,600 shares of common stock from reporting person's 2023 GRAT to his revocable trust, exempt under Rule 16a-13. |
| 2026-03-04 | Transaction date for the gift of 511 shares from the 2023 GRAT to the 2023 GRAT Remainder Trust. |
| 2026-03-06 | Signature date of the reporting person for the Form 4 filing. |
Keywords
Advanced Drainage Systems, WMS, D. Scott Barbour, Form 4, Insider Transaction, Beneficial Ownership, Stock Transfer, GRAT, Trust
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