Advanced Drainage CFO has 604 shares withheld
ADVANCED DRAINAGE SYSTEMS, INC. executive Scott A. Cottrill reported routine equity compensation-related activity.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
ADVANCED DRAINAGE SYSTEMS, INC. executive Scott A. Cottrill reported routine equity compensation-related activity. On May 22, 2026, 604 shares of common stock were withheld at $133.00 per share to cover his tax obligations in connection with the vesting of restricted common stock, rather than an open-market sale. After this tax-withholding disposition, he directly held 108,008 shares of common stock and indirectly held 17,469.0329 shares through a KSOP allocation.
Insider Trade Summary
Exercise Price or Tax Liability: 604 shares
Exercise Price or Tax Liability
2 txns
Insider
Cottrill Scott A
Role
EVP, CFO AND SECRETARY
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 604 | $133.00 | $80K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 108,008 shares (Direct);
Common Stock — 17,469.0329 shares (Indirect, By KSOP)
Footnotes (3)
- 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. Represents current allocation under KSOP.
Key Figures
Tax-withholding shares: 604 shares
Withholding price: $133.00 per share
Direct holdings after transaction: 108,008 shares
+3 more
6 metrics
Tax-withholding shares
604 shares
Withheld on May 22, 2026 to satisfy tax obligations
Withholding price
$133.00 per share
Value used for 604 withheld shares of common stock
Direct holdings after transaction
108,008 shares
Common stock directly owned by Scott A. Cottrill after withholding
Indirect KSOP holdings
17,469.0329 shares
Current KSOP allocation of common stock
Tax-withholding count
1 transaction
Single F-code tax-withholding disposition reported
Tax-withholding shares summary
604 shares
Matches transactionSummary taxWithholdingShares
Key Terms
restricted common stock, Employee Stock Purchase Plan, Rule 16b-3(c), KSOP, +1 more
5 terms
restricted common stock financial
"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.
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.
KSOP financial
"Represents current allocation under KSOP."
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did WMS executive Scott Cottrill report?
Scott A. Cottrill reported a tax-withholding disposition of 604 shares of Advanced Drainage Systems common stock. The shares were withheld to satisfy tax obligations tied to vesting restricted stock, not sold in an open-market transaction.
Was the WMS insider transaction an open-market sale or a tax withholding?
The transaction was a tax withholding, coded “F,” where 604 shares were delivered to cover tax obligations. It was not an open-market sale, but a routine mechanism tied to restricted stock vesting.
What is the KSOP mentioned in Scott Cottrill’s WMS Form 4?
The KSOP reference indicates Cottrill’s current allocation of 17,469.0329 Advanced Drainage Systems shares in a combined retirement or stock ownership plan. These shares are reported as indirectly owned through that plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates