Advanced Drainage Systems (WMS) CEO makes 2,000-share gift
Rhea-AI Filing Summary
For ADVANCED DRAINAGE SYSTEMS, INC. (WMS), President & Chief Executive Officer D. Scott Barbour reported a bona fide gift of 2,000 shares of common stock on 2026-08-20 from an indirect holding in his revocable trust, leaving that trust with 51,652 shares. The Form 4 also reports post-transaction holdings of common stock held directly (77,268 shares) and indirectly through various trusts and plans, including an irrevocable spousal access trust, GRATs, spouse’s trusts, and a KSOP allocation.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,000 shares
Net Sell
8 txns
Insider
BARBOUR D. SCOTT
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock F1 | 2,000 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock F6 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 51,652 shares (Indirect, Reporting Person's Revocable Trust);
Common Stock — 77,268 shares (Direct);
Common Stock — 109,955 shares (Indirect, Reporting Person's Irrevocable Trust);
Common Stock — 11,867 shares (Indirect, Reporting Person's 2024 GRAT);
Common Stock — 46,500 shares (Indirect, Reporting Person's 2025 GRAT);
Common Stock — 6,495 shares (Indirect, Spouse's Revocable Trust);
Common Stock — 69,005 shares (Indirect, Spouse's Irrevocable Trust);
Common Stock — 17,112.0923 shares (Indirect, By KSOP)
Footnotes (6)
- F1. Shares held in revocable trust for the benefit of the reporting person.
- F2. 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.
- F3. Shares held in GRATs of which the reporting person is trustee.
- 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. Represents current allocation under KSOP.
Key Figures
Gifted shares: 2,000 shares of Common Stock
Gift price per share: $0.0000 per share
Revocable trust holdings after gift: 51,652 shares
+5 more
8 metrics
Gifted shares
2,000 shares of Common Stock
Bona fide gift by D. Scott Barbour on 2026-08-20
Gift price per share
$0.0000 per share
Reported for the 2,000-share bona fide gift
Revocable trust holdings after gift
51,652 shares
Indirect holdings in reporting person’s revocable trust after 2,000-share gift
Direct holdings after transactions
77,268 shares
Common Stock directly owned by D. Scott Barbour following 2026-08-20 entries
Irrevocable spousal access trust holdings
109,955 shares
Indirect Common Stock holdings in an irrevocable spousal access trust
2024 GRAT holdings
11,867 shares
Indirect Common Stock holdings in the reporting person’s 2024 GRAT
2025 GRAT holdings
46,500 shares
Indirect Common Stock holdings in the reporting person’s 2025 GRAT
KSOP allocation
17,112.0923 shares
Current allocation of Common Stock under KSOP
Key Terms
bona fide gift, revocable trust, irrevocable spousal access trust, GRATs, +1 more
5 terms
bona fide gift financial
"transaction code G described as "Bona fide gift" of Common Stock"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
revocable trust financial
"Shares held in revocable trust for the benefit of the reporting person."
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
irrevocable spousal access trust financial
"Shares held in irrevocable spousal access trust established by the reporting person"
GRATs financial
"Shares held in GRATs of which the reporting person is trustee."
KSOP financial
"Represents current allocation under KSOP."
FAQ
What insider transaction did WMS report for D. Scott Barbour on this Form 4?
The Form 4 reports that D. Scott Barbour made a bona fide gift of 2,000 shares of ADVANCED DRAINAGE SYSTEMS, INC. common stock on 2026-08-20 from an indirect holding in his revocable trust, at a reported per-share price of $0.00.
What are D. Scott Barbour’s direct holdings of WMS after the reported transactions?
The Form 4 shows that D. Scott Barbour’s direct ownership position in ADVANCED DRAINAGE SYSTEMS, INC. common stock is 77,268 shares following the reported transactions dated 2026-08-20.
What other indirect WMS holdings are reported for D. Scott Barbour?
Indirect holdings include shares in an irrevocable spousal access trust (109,955 shares), 2024 GRAT (11,867 shares), 2025 GRAT (46,500 shares), spouse’s revocable trust (6,495 shares), spouse’s irrevocable spousal access trust (69,005 shares), and a KSOP allocation (17,112.0923 shares).
Was the WMS insider gift made under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not checked, and there is no footnote stating that the 2,000-share bona fide gift of ADVANCED DRAINAGE SYSTEMS, INC. stock on 2026-08-20 was made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
