Vijay Manthripragada - 04 Nov 2021 Form 4 Insider Report for Montrose Environmental Group, Inc. (MEG)

Role
President & CEO, Director
Signature
/s/ Nasym Afsari, Attorney in fact
Issuer symbol
MEG
Transactions as of
04 Nov 2021
Net transactions value
-$1,997,310
Form type
4
Filing time
20 Dec 2021, 16:46:36 UTC
Previous filing
04 Nov 2021
Next filing
03 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MEG Common Stock Options Exercise $180,900 +30,000 +232% $6.03* 42,928 04 Nov 2021 Direct
transaction MEG Common Stock Sale $2,178,210 -30,000 -70% $72.61 12,928 04 Nov 2021 Direct F1
transaction MEG Common Stock Award $0 +316,209 +2446% $0.000000 329,137 16 Dec 2021 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MEG Stock Option (Right to Buy) Options Exercise $0 -30,000 -13% $0.000000 209,125 04 Nov 2021 Common Stock 30,000 $6.03 Direct F3
transaction MEG Stock Appreciation Right Award $0 +900,000 $0.000000 900,000 16 Dec 2021 Common Stock 900,000 $66.79 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 $72.50 to $72.90, 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.
F2 The Reporting Person was granted restricted stock units ("RSUs") which represent a contingent right to receive one share of Common Stock for each RSU. 50% of the RSUs will vest on December 16, 2025, and the remaining 50% of the RSUs will vest on December 16, 2026, provided that the Reporting Person remains in continuous service on each vesting date.
F3 50% of the shares subject to the option vested on September 11, 2017 and the remaining 50% vested on September 11, 2019.
F4 The stock appreciation rights are performance based and will vest on December 16, 2026, subject to the achievement of 20-day trading average stock prices of $133.58, $166.98 and $200.37 prior to the vesting date and subject to the Reporting Person's continued service on the vesting date. 1/3 of the stock appreciation rights will be earned upon achievement of each of the foregoing performance hurdles.

Remarks:

The November 4, 2021 transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 Trading Plan adopted by the Reporting Person.