Form 4: D. Scott Barbour Transfers Shares of Advanced Drainage Systems, Inc. to Trusts
SEC Form 4
D. Scott Barbour, a director and officer of Advanced Drainage Systems, Inc., reports transferring shares to various trusts.
Summary
- On March 13, 2024, D. Scott Barbour transferred 4,305 shares of Advanced Drainage Systems, Inc. (ADS) common stock to an irrevocable trust for himself and his children.
- On the same date, he transferred another 4,305 shares to an irrevocable spousal access trust for his spouse and children.
- These transactions were gifts, with no price specified.
- Barbour also indirectly holds shares through a revocable trust, an irrevocable trust, a Grantor Retained Annuity Trust (GRAT), and the company's KSOP.
- A previous transfer of 49,261 shares from Barbour's revocable trust to a GRAT occurred on December 13, 2023.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing share transfers for estate planning purposes. It doesn't inherently convey positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions and doesn't necessarily reflect a change in the company's outlook or performance. It is common for executives to manage their holdings through trusts for estate planning purposes.
Stakeholder Impact
- The share transfers may have a minor impact on the overall shareholder base, but are unlikely to significantly affect the company's operations or stock price.
Key Dates
| Date | Description |
|---|---|
| 12/13/2023 | Reporting person transferred 49,261 shares of common stock of ADS from his revocable trust to a Grantor Retained Annuity Trust (GRAT). |
| 03/13/2024 | Reporting person contributed 4,305 shares of common stock of Advanced Drainage Systems, Inc. ('ADS') to an irrevocable trust for the benefit of the reporting person and his children. |
| 03/13/2024 | Reporting person transferred 4,305 shares of common stock of ADS to an irrevocable spousal access trust established by the reporting person's spouse for the benefit the reporting person's spouse and his children. |
| 03/15/2024 | Date of signature for the Form 4 filing. |
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