Martz Bret 4

What Happened

• Bret Martz, Executive Vice President, Sales of Advanced Drainage Systems (WMS), received compensation awards on 2026-05-26 totaling 4,039 shares. The filing shows an acquisition of 1,252 shares (award) and a derivative award of 2,787 shares, each reported with an acquisition price of $0.00 (no cash paid).

Key Details

• Transaction date: 2026-05-26; Form 4 filed: 2026-05-28 (timely filing).
• Awards: 1,252 shares (direct award) and 2,787 derivative shares (option/award) — total 4,039 shares.
• Reported price: $0.00 for both items (awarded, not purchased on the open market).
• Vesting note (footnote F1): the options vest in three equal annual installments beginning May 26, 2027, subject to continued employment.
• Shares owned after the transaction: not specified in the provided filing details.

Context

• These are compensation awards (grants), not open-market purchases or sales; they reflect equity compensation rather than an immediate market bet by the insider.
• The 2,787-share item is a derivative award (options) with a multi-year vesting schedule — not an exercise or immediate sale. Such awards commonly align executive incentives with company performance over time.