Advanced Drainage (NYSE: WMS) EVP gets 4,491-share performance award
Rhea-AI Filing Summary
ADVANCED DRAINAGE SYSTEMS, INC. Executive Vice President Brian W. King received a grant of 4,491 shares of common stock, earned from performance-based units under the company’s 2017 Omnibus Incentive Plan after performance goals for the period ended March 31, 2026 were met. The total includes 62 shares credited as dividend equivalents and is compensation-related rather than an open-market purchase.
To cover tax obligations tied to vesting of restricted stock, 116 shares were withheld at $131.59 per share and 101 shares were withheld at $136.83 per share. After these transactions, King directly holds 20,966 common shares and indirectly holds 1,778.1777 shares through a KSOP allocation.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 4,274 shares
Net Buy
4 txns
Insider
KING BRIAN W.
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 101 | $136.83 | $14K |
| Grant/Award | Common Stock | 4,491 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 116 | $131.59 | $15K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 20,966 shares (Direct);
Common Stock — 1,778.1777 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 62 shares, which dividend equivalents are settled in common stock.
- F4. Represents current allocation under KSOP.
Key Figures
Share grant: 4,491 shares
Dividend equivalents: 62 shares
Tax withholding batch 1: 116 shares at $131.59
+4 more
7 metrics
Share grant
4,491 shares
Performance-based units earned for period ended March 31, 2026
Dividend equivalents
62 shares
Included in total grant, settled in common stock
Tax withholding batch 1
116 shares at $131.59
Shares withheld to satisfy tax obligations
Tax withholding batch 2
101 shares at $136.83
Shares withheld to satisfy tax obligations
Total tax-withheld shares
217 shares
Two F-code tax-withholding dispositions
Direct holdings after transactions
16,475 shares
Common stock held directly by Brian W. King
Indirect KSOP holdings
1,778.1777 shares
Current allocation under KSOP plan
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 62 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 Vice President Brian W. King report in this Form 4?
Brian W. King reported a grant of 4,491 shares of Advanced Drainage common stock. The award was earned from performance-based units after goals for the period ended March 31, 2026 were met and includes 62 dividend-equivalent shares settled in stock.
Were Brian W. King’s WMS transactions open-market buys or sells?
The filing shows a compensation grant and tax-related withholdings, not open-market trades. Shares were awarded at no cost and 217 shares were withheld by the issuer at specified prices solely to satisfy tax obligations on vested restricted stock.
What does the KSOP reference mean in Brian W. King’s WMS holdings?
The filing notes an indirect holding of 1,778.1777 shares as a current allocation under a KSOP. This indicates shares are held for King through a qualified stock ownership-type plan, rather than directly in his personal brokerage account.