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

Role
EVP, CFO AND SECRETARY
Signature
/s/ Scott A. Cottrill, by Kevin C. Talley as attorney-in-fact
Stock symbol
WMS
Transactions as of
May 17, 2023
Transactions value $
-$675,488
Form type
4
Date filed
5/19/2023, 08:48 PM
Previous filing
May 23, 2022
Next filing
May 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WMS Common Stock Award $0 +20.5K +29.62% $0.00 89.8K May 17, 2023 Direct F1
transaction WMS Common Stock Tax liability -$665K -7.5K -8.35% $88.67 82.3K May 17, 2023 Direct F2
transaction WMS Common Stock Tax liability -$10.2K -115 -0.14% $88.67 82.2K May 17, 2023 Direct F2
holding WMS Common Stock 17.5K May 17, 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 253 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.