Director at Montrose (NYSE: MEG) exercises options and sells 10K shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Montrose Environmental Group director J. Thomas Presby reported a same-day option exercise and share sales. He exercised stock options for 10,000 shares of common stock at a price of $9.76 per share. He then sold 9,541 shares at a weighted average price of $28.82 and 459 shares at a weighted average price of $29.89, with actual sale prices ranging from $28.55 to $29.905. After these transactions, he directly owned 62,614 shares of Montrose common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 10,000 shares ($288,691)
Net Sell
4 txns
Insider
PRESBY J THOMAS
Role
Director
Sold
10,000 shs ($289K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 10,000 | $0.00 | -- |
| Exercise | Common Stock | 10,000 | $9.76 | $98K |
| Sale | Common Stock | 9,541 | $28.82 | $275K |
| Sale | Common Stock | 459 | $29.89 | $14K |
Holdings After Transaction:
Stock Option (Right to Buy) — 0 shares (Direct);
Common Stock — 72,614 shares (Direct)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares of common stock of the Issuer were sold in multiple transactions by the Reporting Person at prices ranging from $28.55 to $29.53, inclusive. The Reporting Person undertakes to provide upon request by the Commission staff, the Issuer, or a security holder of the Issuer full information regarding the number of shares of common stock sold at each separate price within the range. The price reported in Column 4 is a weighted average price. These shares of common stock of the Issuer were sold in multiple transactions by the Reporting Person at prices ranging from $29.635 to $29.905, inclusive. The Reporting Person undertakes to provide upon request by the Commission staff, the Issuer, or a security holder of the Issuer full information regarding the number of shares of common stock sold at each separate price within the range.
FAQ
What insider transactions did J. Thomas Presby report for Montrose Environmental Group (MEG)?
J. Thomas Presby exercised options for 10,000 Montrose shares and sold 10,000 shares the same day. The sales occurred in open-market transactions at weighted average prices around the high-$20s, leaving him with direct ownership of 62,614 common shares.
What type of option transaction did the Montrose Environmental Group (MEG) director report?
The director reported exercising a stock option for 10,000 shares of Montrose common stock. The option exercise is coded “M” for derivative exercise or conversion, with the acquired common shares priced at $9.76 per share according to the Form 4 transaction details.
Were the Montrose Environmental Group (MEG) insider sales made in a single trade or multiple trades?
The reported sales were executed in multiple trades. Footnotes explain that the 9,541-share sale had prices ranging from $28.55 to $29.53, and the 459-share sale ranged from $29.635 to $29.905, both reported as weighted average prices on the Form 4.