ADS (NYSE: WMS) CFO reports 10,075-share award and tax withholding
Rhea-AI Filing Summary
ADVANCED DRAINAGE SYSTEMS, INC. Executive Vice President, CFO and Secretary Scott A. Cottrill reported equity compensation and related tax withholding transactions in company common stock. He received a grant of 10,075 shares of common stock at no cost, earned from performance-based units for a period ending March 31, 2026, including 130 shares from dividend equivalents.
To cover tax obligations tied to vesting, the issuer withheld 339 shares at $136.83 per share and 277 shares at $131.59 per share, which are not open-market sales. After these transactions he directly holds 108,612 shares of common stock and indirectly holds 17,469.0329 shares through a KSOP allocation, indicating these are routine compensation and tax-related entries rather than discretionary market trades.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 9,459 shares
Net Buy
4 txns
Insider
Cottrill Scott A
Role
EVP, CFO AND SECRETARY
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 339 | $136.83 | $46K |
| Grant/Award | Common Stock | 10,075 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 277 | $131.59 | $36K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 108,612 shares (Direct);
Common Stock — 17,469.0329 shares (Indirect, By KSOP)
Footnotes (4)
- F1. Represents shares withheld to satisfy Reporting Person's tax obligations in connection with the vesting of shares of restricted common stock of the Issuer.
- F2. Includes 89 shares of common stock acquired under the Advanced Drainage Systems, Inc. Employee Stock Purchase Plan, exempt under Rule 16b-3(c).
- F3. 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 130 shares, which dividend equivalents are settled in common stock.
- F4. Represents current allocation under KSOP.
Key Figures
Equity award granted: 10,075 shares
Tax withholding shares (May 20, 2026): 339 shares at $136.83/share
Tax withholding shares (May 19, 2026): 277 shares at $131.59/share
+3 more
6 metrics
Equity award granted
10,075 shares
Performance-based units earned for period ended March 31, 2026
Tax withholding shares (May 20, 2026)
339 shares at $136.83/share
Shares withheld to satisfy tax obligations on vested restricted stock
Tax withholding shares (May 19, 2026)
277 shares at $131.59/share
Shares withheld to satisfy tax obligations on vested restricted stock
Direct holdings after transactions
98,537 shares
Common stock directly owned following reported Form 4 entries
Indirect KSOP holdings
17,469.0329 shares
Common stock held indirectly through KSOP allocation
Shares withheld for taxes (total)
616 shares
Aggregate of F-coded tax-withholding dispositions
Key Terms
restricted common stock, Employee Stock Purchase Plan, Rule 16b-3(c), performance-based units, +2 more
6 terms
restricted common stock financial
"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.
Employee Stock Purchase Plan financial
"acquired under the Advanced Drainage Systems, Inc. Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
Rule 16b-3(c) regulatory
"Employee Stock Purchase Plan, exempt under Rule 16b-3(c)"
An SEC rule that lets corporate insiders avoid automatic "short‑swing" profit recovery when they buy or sell their company’s stock under a pre‑approved, written plan that meets specific conditions. For investors, it matters because it clarifies when insider trades are treated as routine, reducing legal uncertainty and helping distinguish trades made for ordinary compensation or pre‑planned reasons from those that might signal opportunistic or timely insider advantage.
performance-based units financial
"Reflects grant of performance-based units, originally granted pursuant to the Issuer's 2017 Omnibus Incentive Plan"
dividend equivalents financial
"Total includes dividend equivalents in the amount of 130 shares, which dividend equivalents are settled in common stock"
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
KSOP financial
"Represents current allocation under KSOP"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did WMS executive Scott Cottrill report in this Form 4 filing?
Scott A. Cottrill reported routine equity compensation and tax-withholding transactions in Advanced Drainage Systems common stock, including a 10,075-share performance-based award and share withholdings used to satisfy associated tax obligations rather than open-market purchases or sales.
Were any open-market purchases or sales of WMS stock reported?
No open-market purchases or sales are shown. The Form 4 reflects a grant of 10,075 shares as compensation and share dispositions solely for tax withholding, where shares were delivered to satisfy tax liabilities associated with vesting of restricted stock.