ADS (NYSE: WMS) director moves 511 shares between family trusts
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ADVANCED DRAINAGE SYSTEMS, INC. director and officer D. Scott Barbour reported internal trust restructuring involving 511 shares of common stock. On June 12, 2026, 511 shares were withdrawn from a grantor retained annuity irrevocable remainder trust and transferred to his revocable trust at $135.72 per share, with $69,352.92 cash contributed to the remainder trust.
The footnotes state Barbour was the beneficial owner of these securities both before and after the transfer, indicating no change in overall economic exposure. Following the transactions, reported indirect holdings include 53,652 shares in his revocable trust and 109,955 shares in an irrevocable trust, alongside 77,268 shares held directly and additional indirect positions in various KSOP, GRAT, and spousal trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary
9 transactions reported
Mixed
9 txns
Insider
BARBOUR D. SCOTT
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 511 | $135.72 | $69K |
| Other | Common Stock | 511 | $135.72 | $69K |
| 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 — 0 shares (Indirect, 2023 GRAT Remainder Trust);
Common Stock — 77,268 shares (Direct, null)
Footnotes (1)
- On June 12, 2026, the reporting person withdrew 511 shares of ADS common stock from a grantor retained annuity irrevocable remainder trust and transferred the 511 shares of ADS common stock to his revocable trust for the benefit of the reporting person. In exchange for the shares, the reporting person contributed cash to the trust in the principal amount of $69,352.92. The reporting person was the beneficial owner of the transferred securities both before and after the transfer and the reporting person believes the transfer was exempt by Rule 16a-13 under the Securities Exchange Act of 1934. 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 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 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
Shares restructured: 511 shares
Transfer price per share: $135.72 per share
Cash contributed to trust: $69,352.92
+5 more
8 metrics
Shares restructured
511 shares
Transferred between trusts on June 12, 2026
Transfer price per share
$135.72 per share
Internal trust restructuring value
Cash contributed to trust
$69,352.92
Consideration for 511 transferred shares
Revocable trust holdings after
53,652 shares
Reporting person’s revocable trust
Irrevocable trust holdings after
109,955 shares
Reporting person’s irrevocable trust
Direct holdings after
77,268 shares
Common stock held directly
KSOP allocation
17,087.4254 shares
Current allocation under KSOP
Spouse’s irrevocable trust
69,005 shares
Spouse’s irrevocable trust holdings
Key Terms
grantor retained annuity irrevocable remainder trust, Rule 16a-13, KSOP, GRATs, +1 more
5 terms
grantor retained annuity irrevocable remainder trust financial
"withdraw 511 shares of ADS common stock from a grantor retained annuity irrevocable remainder trust"
Rule 16a-13 regulatory
"the reporting person believes the transfer was exempt by Rule 16a-13 under the Securities Exchange Act"
KSOP financial
"Represents current allocation under KSOP."
GRATs financial
"Shares held in GRATs of which the reporting person is trustee."
irrevocable spousal access trust financial
"Shares held in irrevocable spousal access trust established by the reporting person’s spouse"
FAQ
What insider activity did WMS director D. Scott Barbour report?
D. Scott Barbour reported restructuring 511 shares of ADS common stock between family trusts. The transfer moved shares from a grantor retained annuity irrevocable remainder trust to his revocable trust, with cash contributed back, leaving his overall beneficial ownership unchanged.
Was there a change in D. Scott Barbour’s beneficial ownership of WMS?
The filing states Barbour was the beneficial owner of the 511 transferred shares both before and after the transaction. This indicates the Form 4 reflects an internal trust restructuring rather than a change in his overall economic interest in ADS.
What does transaction code J mean in this WMS Form 4 filing?
Transaction code J indicates “other acquisition or disposition” under SEC rules. In this case, it reflects an internal shift of 511 ADS shares between related trusts, rather than an open-market purchase or sale, as described in the Form 4 footnotes.