TIM A. MAKOWSKI - 17 May 2023 Form 4 Insider Report for ADVANCED DRAINAGE SYSTEMS, INC. (WMS)

Role
Vice President, Controller and Chief Accounting Officer
Signature
/s/ Tim A. Makowski, by Kevin C. Talley as attorney-in-fact
Issuer symbol
WMS
Transactions as of
17 May 2023
Net transactions value
-$121,035
Form type
4
Filing time
19 May 2023, 20:46:09 UTC
Previous filing
15 Aug 2022
Next filing
22 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WMS Common Stock Award $0 +4,493 +60% $0.000000 12,003 17 May 2023 Direct F1
transaction WMS Common Stock Tax liability $119,438 -1,347 -11% $88.67 10,656 17 May 2023 Direct F2
transaction WMS Common Stock Tax liability $1,596 -18 -0.17% $88.67 10,638 17 May 2023 Direct F2
holding WMS Common Stock 17,540 17 May 2023 By KSOP F3
* 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, originally 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, 2023 had been met. Total includes dividend equivalents in the amount of 57 shares, which dividend equivalents are settled in common stock.
F2 Represents shares withheld to satisfy Reporting Person's tax obligations in connection with the vesting of shares of restricted common stock of the Issuer.
F3 Represents current allocation under KSOP.

Remarks:

Vice President, Controller and Chief Accounting Officer