Form 4: Executive Brian W. King Reports Stock Transactions in Advanced Drainage Systems
SEC Form 4 Filing
Executive Vice President Brian W. King reports acquisition and disposal of Advanced Drainage Systems stock, including shares withheld for tax obligations and option grants.
Summary
- Brian W. King, an Executive Vice President at Advanced Drainage Systems, Inc. (WMS), filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On May 19, 2025, King acquired 1,139 shares of common stock.
- Also on May 19, 2025, 122 shares were disposed of to cover tax obligations at a price of $121.86 per share.
- On May 20, 2025, an additional 104 shares were disposed of for tax obligations at $118.39 per share.
- King also holds 1,768.9153 shares indirectly through a KSOP (likely a 401(k) or similar plan).
- King was granted options to purchase 2,428 shares of common stock on May 19, 2025, at an exercise price of $119.30.
- These options vest in three equal annual installments starting May 19, 2026, contingent upon continued employment.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about an executive's stock ownership.
Positives
- The grant of options to purchase 2,428 shares indicates a long-term incentive for the executive.
Future Outlook
The executive's future stock ownership will be influenced by the vesting of stock options and continued participation in the KSOP.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. They are closely watched by investors for signals about management's confidence in the company's prospects.
Comparison to Industry Standards
- Executive compensation packages often include stock options to align management's interests with those of shareholders.
- The vesting schedule of the options (three equal annual installments) is a common practice.
- Tax withholding through share disposal is a standard method for covering tax liabilities associated with stock vesting.
Stakeholder Impact
- Shareholders can use this information to understand executive compensation and alignment with company performance.
- The transactions have a minor impact on the overall shareholding structure.
Key Dates
| Date | Description |
|---|---|
| 05/19/2025 | Acquisition of 1,139 shares of common stock, disposal of 122 shares for tax obligations, and grant of options to purchase 2,428 shares. |
| 05/20/2025 | Disposal of 104 shares for tax obligations. |
| 05/21/2025 | Date of signature for the Form 4 filing. |
| 05/19/2026 | First vesting date for the granted stock options. |
| 05/20/2035 | Expiration date for the granted stock options. |
Keywords
Form 4, stock options, stock disposal, stock acquisition, beneficial ownership, WMS, Advanced Drainage Systems, executive compensation, Brian W. King
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