Form 4 for WMS ADVANCED DRAINAGE SYSTEMS, INC.

Accepted 2024-05-17 00:00:00 ET · period of report 2024-05-15 · accession 0000950170-24-061831 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
M	2024-05-17	2024-05-15	WMS	Cottrill Scott A	EVP, CFO AND Sec	F - Tax	$176.18	-3,230	90.6K	-3%	-$569.1K
	2024-05-17	2024-05-15	WMS	Cottrill Scott A	EVP, CFO AND Sec	A - Grant	$0.00	+8,981	93.8K	+11%	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2024-05-15	F	D	3,177	$176.18	90,629	D	—	—	(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.
2	Common	Common Stock	2024-05-15	F	D	53	$176.18	90,576	D	—	—	(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.
3	Common	Common Stock	2024-05-15	A	A	8,981	$0.00	93,806	D	—	—	(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).