TIM A. MAKOWSKI - 15 May 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
Issuer symbol
WMS
Transactions as of
15 May 2024
Net transactions value
-$251,585
Form type
4
Filing time
17 May 2024, 16:56:48 UTC
Previous filing
16 Feb 2024
Next filing
21 May 2024
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 +3,145 +50% $0.000000 9,393 15 May 2024 Direct F1
transaction WMS Common Stock Tax liability $248,061 -1,408 -15% $176.18 7,985 15 May 2024 Direct F2
transaction WMS Common Stock Tax liability $3,524 -20 -0.25% $176.18 7,965 15 May 2024 Direct F2
holding WMS Common Stock 17,558 15 May 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