Michael G. Huebert - May 19, 2021 Form 4 Insider Report for ADVANCED DRAINAGE SYSTEMS, INC. (WMS)

Role
Senior Vice President
Signature
/s/ Michael G. Huebert, by Scott A. Cottrill as attorney-in-fact
Stock symbol
WMS
Transactions as of
May 19, 2021
Transactions value $
-$212,063
Form type
4
Date filed
5/21/2021, 06:00 PM
Next filing
May 25, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WMS Common Stock Award $0 +6.18K +19.96% $0.00 37.2K May 19, 2021 Direct F1
transaction WMS Common Stock Award $0 +1.1K +2.95% $0.00 38.3K May 19, 2021 Direct
transaction WMS Common Stock Tax liability -$184K -1.74K -4.55% $105.82 36.5K May 19, 2021 Direct
transaction WMS Common Stock Tax liability -$11.3K -107 -0.29% $105.82 36.4K May 19, 2021 Direct
transaction WMS Common Stock Tax liability -$16.7K -158 -0.43% $105.82 36.2K May 19, 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction WMS Option to Purchase Common Stock Award $0 +2.81K $0.00 2.81K May 19, 2021 Common Stock 2.81K $105.82 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects grant of performance-based units, orginally granted pursuant to the Issuer's 2017 Omnibus Incentive Plan, earned after the Issuer determined that certain performance goals for the performance period ended March 31, 2021 had been met. Total includes dividend equivalents in the amount of 356 shares, which dividend equivalents are settled in common stock.
F2 The options vest in three equal annual installments beginning on May 18, 2022, provided that the Reporting Person remains continuously employed by the Issuer through each applicable vesting date.