Advanced Drainage Systems (WMS) Director Michael Coleman Receives Award

What Happened
Michael B. Coleman, a director of Advanced Drainage Systems, Inc. (WMS), was issued 1,110 shares as an award (transaction code A) on July 16, 2026. The Form 4 reports the acquisition price as $0.00, with the transaction value shown as $0. This is a grant/award rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-07-16; Form 4 filed: 2026-07-20 (timely filing).
• Transaction type/code: Award/Grant (A).
• Shares acquired: 1,110 shares; reported price per share: $0.00; total shown: $0.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes/plan details: None provided in the excerpt (may reflect RSUs or restricted stock typical for director compensation).

Context
Grants and awards to insiders are commonly part of compensation plans (e.g., restricted stock or RSUs) and do not carry the same market signal as open‑market purchases. For retail investors, purchases or sales by insiders can be more informative about sentiment; awards mainly reflect company compensation practices.