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

Signature
/s/ Scott A. Cottrill
Issuer symbol
WMS
Transactions as of
15 May 2024
Net transactions value
-$569,061
Form type
4
Filing time
17 May 2024, 16:58:53 UTC
Previous filing
23 May 2023
Next filing
21 May 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WMS Common Stock Award $0 +8,981 +11% $0.000000 93,806 15 May 2024 Direct F1, F2
transaction WMS Common Stock Tax liability $559,724 -3,177 -3.4% $176.18 90,629 15 May 2024 Direct F3
transaction WMS Common Stock Tax liability $9,338 -53 -0.06% $176.18 90,576 15 May 2024 Direct F3
holding WMS Common Stock 17,470 15 May 2024 By KSOP F4
* 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 115 shares, which dividend equivalents are settled in common stock.
F2 Includes 125 shares of common stock acquired under the Advanced Drainage Systems, Inc. Employee Stock Purchase Plan, exempt under Rule 16b-3(c).
F3 Represents shares withheld to satisfy Reporting Person's tax obligations in connection with the vesting of shares of restricted common stock of the Issuer.
F4 Represents current allocation under KSOP.