Martz Bret 4
4 · ADVANCED DRAINAGE SYSTEMS, INC. · Filed Mar 19, 2026
Research Summary
AI-generated summary of this filing
Advanced Drainage (WMS) Exec VP Bret Martz Withholds 107 Shares for Taxes
What Happened
Bret Martz, Executive Vice President, Sales at Advanced Drainage Systems (WMS), had 107 shares of restricted common stock disposed (withheld) on March 17, 2026 at $139.85/share, a total value of $14,964. The Form 4 records this as an other disposition (code J) with a footnote indicating the shares were withheld to satisfy tax obligations upon vesting.
Key Details
- Transaction date: 2026-03-17; Price: $139.85 per share; Total value: $14,964.
- Transaction type/code: Other disposition (J); footnote F1: shares withheld for tax withholding on vesting.
- Shares owned after transaction: Not disclosed in the provided filing.
- Filing: Form 4 filed 2026-03-19 (timely based on the reported transaction date).
Context
This was a tax-withholding/settlement of vested restricted stock, not an open-market sale — the company withheld shares to cover the insider's tax bill. Such withholdings are routine and generally do not indicate a change in the insider’s view of the company.
Insider Transaction Report
Form 4
Martz Bret
See Remarks
Transactions
- Other
Common Stock
[F1]2026-03-17$139.85/sh−107$14,964→ 1,951 total
Footnotes (1)
- [F1]Represents shares withheld to satisfy Reporting Person's tax obligations in connection with the vesting of shares of restricted common stock of the Issuer.
Signature
/s/ Bret Martz, by Scott A. Cottrill as attorney-in-fact|2026-03-19