Nasym Afsari - 16 Dec 2021 Form 4 Insider Report for Montrose Environmental Group, Inc. (MEG)

Role
General Counsel and Secretary
Signature
/s/ Nasym Afsari
Issuer symbol
MEG
Transactions as of
16 Dec 2021
Transactions value $
$0
Form type
4
Filing time
20 Dec 2021, 16:48:17 UTC
Previous filing
12 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 Award $0 +226K +564.28% $0.00 266K 16 Dec 2021 Direct F1

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 Appreciation Right Award $0 +330K $0.00 330K 16 Dec 2021 Common Stock 330K $66.79 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.