Barbour of ADVANCED DRAINAGE SYSTEMS (WMS) has shares withheld for tax on vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ADVANCED DRAINAGE SYSTEMS, INC. director and officer D. Scott Barbour reported updated holdings of common stock, including various indirect positions held through trusts and a KSOP. The filing also shows that 1,898 shares of common stock were withheld at $133.00 per share to cover tax obligations upon the vesting of restricted common stock, leaving 68,232 shares held directly.
Positive
- None.
Negative
- None.
Insights
Routine tax withholding tied to equity vesting; no open-market trading.
The filing shows D. Scott Barbour had 1,898 shares of ADVANCED DRAINAGE SYSTEMS common stock withheld at $133.00 per share to satisfy tax obligations arising from the vesting of restricted stock. This is coded as an F transaction, which is a non-market tax-withholding disposition.
After this withholding, Barbour directly holds 68,232 shares, with additional indirect holdings across several trusts and a KSOP. Because the disposition is purely for taxes and not an open-market sale, it typically carries limited informational value about the insider’s view of the stock.
Insider Trade Summary
9 transactions reported
Mixed
9 txns
Insider
BARBOUR D. SCOTT
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,898 | $133.00 | $252K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 68,232 shares (Direct, null);
Common Stock — 53,141 shares (Indirect, Reporting Person's Revocable Trust)
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. 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
Tax-withheld shares: 1,898 shares
Withholding price: $133.00 per share
Direct holdings after transaction: 68,232 shares
+4 more
7 metrics
Tax-withheld shares
1,898 shares
Shares withheld to satisfy tax obligations on restricted stock vesting
Withholding price
$133.00 per share
Price used for tax-withholding disposition (code F)
Direct holdings after transaction
68,232 shares
Common stock held directly by reporting person following tax withholding
Revocable trust holdings
53,141 shares
Common stock held in reporting person’s revocable trust
Irrevocable trust holdings
109,955 shares
Common stock held in reporting person’s irrevocable trust
2025 GRAT holdings
46,500 shares
Common stock held in reporting person’s 2025 GRAT
KSOP allocation
17,087.4254 shares
Common stock allocated under KSOP
Key Terms
restricted common stock, GRAT, KSOP, irrevocable spousal access trust, +1 more
5 terms
restricted common stock financial
"tax obligations in connection with the vesting of shares of restricted common stock of the Issuer"
Restricted common stock is company shares that carry limits on selling or transferring for a set period or until certain conditions are met, like time-based vesting or regulatory clearance. Think of them as shares in a locked box that gradually open; they can become freely tradable later but initially reduce the number of shares available on the market. Investors watch restricted stock because its eventual release can change a company’s share supply, affect stock price, and influence control and dilution.
GRAT financial
"Shares held in GRATs of which the reporting person is trustee."
KSOP financial
"Represents current allocation under KSOP."
irrevocable spousal access trust financial
"Shares held in irrevocable spousal access trust established by the reporting person"
remainder trust financial
"Shares held in irrevocable remainder trust, of which the reporting person's spouse is trustee."
FAQ
What insider transaction did D. Scott Barbour report at ADVANCED DRAINAGE SYSTEMS (WMS)?
The filing reports that 1,898 shares of ADVANCED DRAINAGE SYSTEMS common stock were withheld at $133.00 per share to cover D. Scott Barbour’s tax obligations arising from restricted stock vesting, classified as a tax-withholding disposition rather than an open-market sale.
What indirect ADVANCED DRAINAGE SYSTEMS (WMS) holdings does D. Scott Barbour report?
The filing lists indirect holdings in a KSOP allocation and several trusts, including revocable and irrevocable trusts, GRATs, and remainder trusts. Each entry shows the common stock share balance for that entity, reflecting Barbour’s reported indirect beneficial ownership structure.
What does an F-code tax-withholding transaction mean for ADVANCED DRAINAGE SYSTEMS (WMS) insiders?
An F-code indicates shares were used to pay taxes or exercise costs associated with equity awards. For ADVANCED DRAINAGE SYSTEMS, Barbour’s 1,898 shares were withheld to satisfy tax obligations from restricted stock vesting, not as a discretionary market sale or purchase.