Form 4: Executive Brian W. King Reports Changes in Beneficial Ownership of Advanced Drainage Systems, Inc. (WMS) Stock

Brian W. King, Executive Vice President of Advanced Drainage Systems, Inc., reports a transaction involving the withholding of shares to cover tax obligations and an updated allocation under the company's KSOP.

Summary

• On May 22, 2024, Brian W. King, an Executive Vice President at Advanced Drainage Systems, Inc. (WMS), reported a change in beneficial ownership of the company's common stock.
• 167 shares were withheld to satisfy tax obligations related to the vesting of restricted common stock at a price of $177.06 per share.
• Following the transaction, King directly owns 13,396 shares of common stock.
• King also indirectly owns 1,760.7838 shares through the company's KSOP (employee stock ownership plan).

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing a routine transaction. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding the holdings and transactions of company insiders.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects a change in the executive's holdings.
• Employees participating in the KSOP are indirectly affected by the updated allocation.

Key Dates