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ADVANCED DRAINAGE SYSTEMS, INC. — Director's Dealing 2024
May 17, 2024
30558_dirs_2024-05-17_25b89855-7eb4-4de0-aaf2-71b3701e3e96.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: 2024-05-15
Reporting Person: KING BRIAN W. (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-05-15 | Common Stock | A | 3145 | — | Acquired | 13762 | Direct |
| 2024-05-15 | Common Stock | F | 972 | $176.18 | Disposed | 12790 | Direct |
| 2024-05-15 | Common Stock | F | 14 | $176.18 | Disposed | 12776 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 1760.7838 | 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, 2024 had been met. Total includes dividend equivalents in the amount of 42 shares, which dividend equivalents are settled in common stock.
F2: Includes 109 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.