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ADVANCED DRAINAGE SYSTEMS, INC. — Director's Dealing 2023
May 20, 2023
30558_dirs_2023-05-19_d3570d80-8f5d-4e4e-b005-a82a12a0b1f2.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ADVANCED DRAINAGE SYSTEMS, INC. (WMS)
CIK: 0001604028
Period of Report: 2023-05-17
Reporting Person: Cottrill Scott A (EVP, CFO AND SECRETARY)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-05-17 | Common Stock | A | 20527 | $0.00 | Acquired | 89821 | Direct |
| 2023-05-17 | Common Stock | F | 7503 | $88.67 | Disposed | 82318 | Direct |
| 2023-05-17 | Common Stock | F | 115 | $88.67 | Disposed | 82203 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 17474.7691 | Indirect |
Footnotes
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.