Montrose (MEG) CEO exercises 119K options, sells 46K shares, holds 236K
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Montrose Environmental Group President & CEO Vijay Manthripragada exercised stock options and sold a portion of the resulting shares. He exercised options to acquire a total of 119,158 shares of common stock at an exercise price of $6.03 per share, fully using the options that were set to expire on June 23, 2026.
On the same date, he sold 46,121 shares of common stock in open-market transactions at a weighted average price of $25.41 per share, with individual sale prices ranging from $25.19 to $25.90. After these transactions, he directly owned 236,788 shares of Montrose Environmental Group common stock, indicating he retained a substantial equity position following the option exercises and partial sale.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 46,121 shares ($1,171,935)
Net Sell
5 txns
Insider
Manthripragada Vijay
Role
President & CEO
Sold
46,121 shs ($1.17M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 33,166 | $0.00 | -- |
| Exercise | Stock Option (Right to Buy) | 85,992 | $0.00 | -- |
| Exercise | Common Stock | 33,166 | $6.03 | $200K |
| Exercise | Common Stock | 85,992 | $6.03 | $519K |
| Sale | Common Stock | 46,121 | $25.41 | $1.17M |
Holdings After Transaction:
Stock Option (Right to Buy) — 85,992 shares (Direct);
Common Stock — 196,917 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 $25.19 to $25.90, 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. 50% of the shares subject to the option vested on September 11, 2017 and the remaining 50% vested on September 11, 2019.
FAQ
What did Montrose Environmental (MEG) CEO Vijay Manthripragada do in this Form 4?
The CEO exercised stock options to acquire 119,158 Montrose shares at $6.03, then sold 46,121 shares in open-market trades. After these transactions, he directly held 236,788 shares, indicating a remaining substantial ownership stake.
How many Montrose Environmental (MEG) options did the CEO exercise and at what strike price?
He exercised stock options for a total of 119,158 shares of Montrose common stock at an exercise price of $6.03 per share. These options were fully vested and scheduled to expire on June 23, 2026, prompting the exercise.
What were the vesting terms of the Montrose Environmental (MEG) options exercised by the CEO?
The exercised stock options vested in two equal tranches: 50% vested on September 11, 2017, and the remaining 50% vested on September 11, 2019. The options carried a $6.03 exercise price and were set to expire on June 23, 2026.