BARBOUR D. SCOTT 4
Research Summary
AI-generated summary
Advanced Drainage Systems CEO Barbour D. Scott Sells 1,898 Shares
What Happened
Barbour D. Scott, President & Chief Executive Officer of Advanced Drainage Systems (WMS), had 1,898 shares withheld (disposed) on May 22, 2026 to satisfy tax obligations tied to the vesting of restricted common stock. The withholding was recorded at $133.00 per share, for a total value of $252,434.
Key Details
- Transaction date: 2026-05-22
- Transaction type/code: F — payment of tax liability (shares withheld) in connection with vesting of restricted stock
- Shares withheld/disposed: 1,898 at $133.00 each = $252,434
- Footnote F1: confirms these shares were withheld to satisfy the reporting person’s tax obligations on vesting. The filing includes additional footnotes describing various trust holdings (F2–F8) for the reporting person and family.
- Shares owned after transaction: not specified in the provided excerpt of the filing.
- Filing date: 2026-05-27 — this appears to be after the typical two-business-day Form 4 filing window for a 2026-05-22 transaction, so the filing may be late.
Context
This was a tax-withholding disposal related to restricted stock vesting (i.e., shares withheld to cover taxes), not an open-market sale. Such withholdings are routine and do not necessarily indicate the insider’s view on the company’s prospects.