D. SCOTT BARBOUR - 18 May 2024 Form 4 Insider Report for ADVANCED DRAINAGE SYSTEMS, INC. (WMS)

Role
President & Chief Executive Officer, Director
Signature
/s/ D. Scott Barbour, by Scott A. Cottrill as attorney-in-fact
Issuer symbol
WMS
Transactions as of
18 May 2024
Net transactions value
-$514,206
Form type
4
Filing time
21 May 2024, 18:41:56 UTC
Previous filing
17 May 2024
Next filing
24 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 Tax liability $278,434 -1,599 -3.7% $174.13 41,683 18 May 2024 Direct F1
transaction WMS Common Stock Tax liability $235,772 -1,354 -3.2% $174.13 40,329 19 May 2024 Direct F1
transaction WMS Common Stock Award $0 +7,595 +19% $0.000000 47,924 20 May 2024 Direct
holding WMS Common Stock 46,341 18 May 2024 Reporting Person's Revocable Trust F2
holding WMS Common Stock 97,805 18 May 2024 Reporting Person's Irrevocable Trust F3
holding WMS Common Stock 9,695 18 May 2024 Spouse's Revocable Trust F4
holding WMS Common Stock 65,805 18 May 2024 Spouse's Irrevocable Trust F5
holding WMS Common Stock 49,261 18 May 2024 Reporting Person's GRAT F6
holding WMS Common Stock 16,917 18 May 2024 By KSOP F7

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction WMS Option to Purchase Common Stock Award $0 +15,823 $0.000000 15,823 20 May 2024 Common Stock 15,823 $177.38 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld to satisfy Reporting Person's tax obligations in connection with the vesting of shares of restricted common stock of the Issuer.
F2 Shares held in revocable trust for the benefit of the reporting person.
F3 Shares held in irrevocable spousal access trust established by the reporting person, of which the reporting person's spouse is a co-trustee. The beneficiaries of the irrevocable trust are the reporting person and his children.
F4 Shares held in revocable trust for the benefit of the reporting person's spouse.
F5 Shares held in irrevocable spousal access trust established by the reporting person's spouse, of which the reporting person is a co-trustee. The beneficiaries of the irerrevocable trust include the reporting person's spouse and his children.
F6 Shares held in a GRAT of which the reporting person is trustee.
F7 Represents current allocation under KSOP.
F8 The options vest in three equal annual installments beginning on May 20, 2025, provided that the Reporting Person remains continuously employed by the Issuer through each applicable vesting date.

Remarks:

President & Chief Executive Officer