Revuelta Jose 4/A
Research Summary
AI-generated summary
Montrose (MEG) CSO Jose Revuelta Exercises Options and Sells Shares
What Happened
- Jose Revuelta, Chief Strategy Officer of Montrose Environmental Group (MEG), exercised stock option rights and immediately sold the resulting shares. On Mar 3, 2026 he exercised 60,000 shares at $6.03 ($361,800) and sold those 60,000 shares at a weighted average price of $28.00 for proceeds of $1,680,000. On Mar 4, 2026 he exercised 42,668 shares at $6.03 ($257,288) and sold those 42,668 shares at a weighted average price of $27.56 for proceeds of $1,175,930. Total exercised = 102,668 shares (cost $619,088); total sales proceeds ≈ $2,855,930 (net proceeds ≈ $2,236,842).
Key Details
- Transaction dates: March 3, 2026 and March 4, 2026.
- Exercise price: $6.03 per share for 102,668 shares (total cost $619,088).
- Sale prices: weighted averages — Mar 3 sales ranged $28.00–$28.06 (reported as $28.00); Mar 4 sales ranged $27.50–$27.56 (reported as $27.56).
- Shares sold: 60,000 (Mar 3) + 42,668 (Mar 4) = 102,668 shares; total proceeds ≈ $2.86M.
- Filing status: This is an amended Form 4; the amendment corrects transaction codes and the Mar 3 sale price only. The amendment states no new transactions.
- Vesting note: Footnote indicates original option vesting (50% vested June 9, 2017; 50% June 9, 2019).
- Shares owned after transaction: not specified in the provided excerpt of this filing.
Context
- These entries show an option exercise (derivative conversion) followed by immediate open-market sales of the shares — commonly a cashless or sell-to-cover pattern (exercise + quick sale). The form shows the derivative rights were converted (derivative entries reported as disposed at $0), and the common shares sold in multiple transactions at the price ranges noted in footnotes.
- The filing is factual and amended for reporting accuracy; it does not by itself indicate insider motivation.