CEO compensation plan approved for FY2024 with 80% EBITDA, 20% sales weighting

ADVANCED DRAINAGE SYSTEMS, INC.

Compensation Committee approved FY2024 Annual Cash Incentive Plan on May 17, 2023.
80% of incentive award based on Adjusted EBITDA; 20% on Total Net Sales.
Funding trigger requires minimum Adjusted EBITDA before any sales-based payout.
Payouts range from 0% to 200% of target depending on performance.
Awards paid in lump sum after March 31, 2024 fiscal year-end.

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