Form 4: Executive Vice President of Advanced Drainage Systems Reports Stock Transaction
SEC Form 4 Filing
Michael G. Huebert, Executive Vice President of Advanced Drainage Systems, reports disposition of shares to cover tax obligations and updates holdings in KSOP.
Summary
- On May 22, 2024, Michael G. Huebert, an Executive Vice President at Advanced Drainage Systems, Inc. (WMS), disposed of 244 shares of common stock to satisfy tax obligations.
- The shares were withheld at a price of $177.06 per share.
- Following the transaction, Huebert directly owns 17,225 shares of common stock.
- Huebert also indirectly owns 28,794.8306 shares through the company's KSOP.
- The transaction was reported on May 24, 2024.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't convey any particularly positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates a standard transaction related to tax obligations upon vesting of restricted stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/22/2024 | Date of stock transaction (disposal of shares). |
| 05/24/2024 | Date of Form 4 filing. |
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