Tim A. Makowski - May 15, 2024 Form 4 Insider Report for ADVANCED DRAINAGE SYSTEMS, INC. (WMS)

Role
Vice President, Controller and Chief Accounting Officer
Signature
/s/ Tim A. Makowski, by Scott A. Cottrill as attorney-in-fact
Stock symbol
WMS
Transactions as of
May 15, 2024
Transactions value $
-$251,585
Form type
4
Date filed
5/17/2024, 04:56 PM
Previous filing
Feb 16, 2024
Next filing
May 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WMS Common Stock Award $0 +3.15K +50.34% $0.00 9.39K May 15, 2024 Direct F1
transaction WMS Common Stock Tax liability -$248K -1.41K -14.99% $176.18 7.99K May 15, 2024 Direct F2
transaction WMS Common Stock Tax liability -$3.52K -20 -0.25% $176.18 7.97K May 15, 2024 Direct F2
holding WMS Common Stock 17.6K May 15, 2024 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, 2024 had been met. Total includes dividend equivalents in the amount of 42 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