FISCHER ALEXANDER R 4

What Happened

• Alexander R. Fischer, a director of Advanced Drainage Systems, Inc. (WMS), was awarded 1,110 shares on July 16, 2026. The Form 4 records the transaction as an award/grant (code A) at an acquisition price of $0.00 (i.e., a compensatory grant rather than a market purchase).

Key Details

• Transaction date: 2026-07-16
• Filing date: 2026-07-20 (Form 4)
• Shares granted: 1,110
• Reported acquisition price: $0.00 (award/grant)
• Shares owned after transaction: not specified in the provided filing
• Footnotes/plan info: none reported in the provided summary (no 10b5-1, tax withholding, or gift notation)
• Timeliness: filing appears to be timely (filed within SEC Form 4 deadline)

Context

• This was a compensatory award to a director, not an open-market purchase or sale. Such grants are commonly used for director compensation and do not by themselves indicate the director is buying or selling shares in the market.