Form 4: Anil Seetharam, Director at Advanced Drainage Systems, Reports Stock Disposal
SEC Form 4 Filing
Director Anil Seetharam reported the disposal of common stock in Advanced Drainage Systems, Inc. on February 28, 2024.
Summary
- On February 28, 2024, Anil Seetharam, a director of Advanced Drainage Systems, Inc. (WMS), reported a transaction involving the company's common stock.
- Seetharam disposed of 11,026 shares of common stock directly.
- He also indirectly disposed of 762,895 shares held by Stockbridge Fund, L.P. and other Berkshire Entities.
- Following the transaction, Seetharam continues to indirectly own 1,196 shares through family trusts.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions by a company director; it doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The disposal of shares by a director could be perceived negatively by shareholders, although the director disclaims beneficial ownership of the majority of the shares.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of the stock transaction |
| 03/01/2024 | Date of signature on the report |
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