WMS (WMS) director Barbour granted 29,327 shares; 2,064 withheld for taxes
Rhea-AI Filing Summary
ADVANCED DRAINAGE SYSTEMS, INC. director and officer D. Scott Barbour received a grant of 29,327 shares of common stock on May 20, 2026 as performance-based units earned under the company’s 2017 Omnibus Incentive Plan. The award includes 409 shares issued as dividend equivalents settled in common stock. To cover tax obligations related to vesting, a total of 2,064 shares were withheld, consisting of 1,130 shares at $136.83 per share on May 20, 2026 and 934 shares at $131.59 per share on May 19, 2026. After these transactions, Barbour holds 40,803 shares of common stock directly, along with additional indirect holdings through various trusts and plans, including 53,141 shares in a revocable trust for his benefit and 109,955 shares in an irrevocable trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,130 | $136.83 | $155K |
| Grant/Award | Common Stock | 29,327 | $0.00 | -- |
| Tax Withholding | Common Stock | 934 | $131.59 | $123K |
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Footnotes (1)
- Represents shares withheld to satisfy Reporting Person's tax obligations in connection with the vesting of shares of restricted common stock of the Issuer. 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, 2026 had been met. Total includes dividend equivalents in the amount of 409 shares, which dividend equivalents are settled in common stock. Shares held in revocable trust for the benefit of the reporting person. 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. Shares held in irrevocable remainder trust, of which the reporting person's spouse is trustee. The beneficiaries of the irrevocable trust are the reporting persons's nieces and nephew. Shares held in GRATs of which the reporting person is trustee. Shares held in revocable trust for the benefit of the reporting person's spouse. 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. Represents current allocation under KSOP.
Key Figures
Key Terms
performance-based units financial
2017 Omnibus Incentive Plan financial
dividend equivalents financial
GRAT financial
KSOP financial
tax obligations financial
FAQ
What did WMS director D. Scott Barbour receive in this Form 4 filing?
Barbour received 29,327 shares of common stock as a grant on May 20, 2026. The grant reflects performance-based units earned under the 2017 Omnibus Incentive Plan and includes 409 dividend-equivalent shares settled in common stock as part of his equity compensation.
What indirect holdings does D. Scott Barbour report in WMS stock?
Barbour reports multiple indirect holdings of ADVANCED DRAINAGE SYSTEMS stock, including 53,141 shares in his revocable trust, 109,955 shares in his irrevocable trust, and additional shares in GRATs, spousal trusts, and a KSOP allocation, each with separate trustee and beneficiary arrangements.
Were the WMS Form 4 dispositions open-market sales by D. Scott Barbour?
No. The dispositions shown in the Form 4 are tax-withholding entries labeled with code F. Shares were delivered to cover tax obligations associated with vesting of restricted or performance-based stock, rather than discretionary open-market sales by Barbour.
What plan governs the performance-based units granted to WMS’s D. Scott Barbour?
The performance-based units underlying the 29,327-share grant were earned under the company’s 2017 Omnibus Incentive Plan. The filing states they were awarded after performance goals for the period ended March 31, 2026 were determined to have been met.