Montrose Environmental Group, Inc.
US ˙ NYSE ˙ US6151111019

Introduction

This page provides a comprehensive analysis of the known insider trading history of LeMaire Joshua W.. Insiders are officers, directors, or significant investors in a company. It is illegal for insiders to make trades in their companies based on specific, non-public information. This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies.

Average Trade Profitability

The average trade profitability is the average return of all the open market purchases made by the insider in the last three years. To calculate this, we examine every open-market, unplanned purchase made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. We then calculate the average performance of those trades over 3, 6, and 12 months, averaging each of those durations to generate a final performance metric for each trade. Finally, we average all of the performance metrics to calculate a performance metric for the insider. This list only includes insiders that have made at least three trades in the last two years.

If this insiders trade profitability is "N/A", then the insider either has not made any open-market purchases in the last three years, or the trades they’ve made are too recent to calculate a reliable performance metric.

Update Frequency: Daily

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Companies with Reported Insider Positions

The SEC filings indicate LeMaire Joshua W. has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:MEG / Montrose Environmental Group, Inc. Chief Operating Officer 35,503
US:EXAM / ExamWorks Group, Inc. VP, Sales and Marketing 45,226
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by LeMaire Joshua W.. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security to the present day. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. A change in price from $10 to $20 would be 100%, and a change in price of $10 to $5 would be -50%.

Ultimately, we are trying to determine how closely the insider’s trades correlate to excess returns (positive or negative) in the share price in order to see if the insider is timing their trades to profit from insider information. Consider the situation where an insider was doing this. In this situation, we would expect either (a) positive returns after purchases, or (b) negative returns after sales. In the case of (a), the PURCHASE chart would show a series of upwardly sloping curves, indicating positive returns after each purchase transaction. In the case of (b), the SALE chart would show a series of downward sloping curves, indicating negative returns after each sale transaction.

However, this alone is not enough to draw conclusions. If, for example, the share price of the company was in a non-cyclical climb over many years, then we would expect all the post-purchase plots to be upwardly sloping. Likewise, non-cyclical declines over many years would result in downward sloping post-trade plots. Neither of these charts would suggest insider trading activity.

The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals in the PURCHASE chart and negative plots on the SALE chart. This situation would be highly suggestive of an insider that was timing trades to their financial advantage.

Insider Purchases MEG / Montrose Environmental Group, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in MEG / Montrose Environmental Group, Inc.. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Max		 Price at
Max		 Max
Profit ($)		 Max Return (%)
2021-08-17 MEG LeMaire Joshua W. 2,000 44.5300 2,000 44.5300 89,060 91 78.2100 67,360 75.63

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

MEG / Montrose Environmental Group, Inc. Insider Trades
Insider Sales MEG / Montrose Environmental Group, Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in MEG / Montrose Environmental Group, Inc.. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Min		 Price at
Min		 Max Loss
Avoided ($)		 Max Loss
Avoided (%)
2021-09-22 MEG LeMaire Joshua W. 1,596 61.0300 1,596 61.0300 97,404 267 29.6000 -50,161 -51.50
2021-09-22 MEG LeMaire Joshua W. 981 61.8900 981 61.8900 60,714
2021-09-22 MEG LeMaire Joshua W. 1,481 61.0400 1,481 61.0400 90,400
2021-09-22 MEG LeMaire Joshua W. 996 61.9000 996 61.9000 61,652
2021-09-22 MEG LeMaire Joshua W. 961 61.0800 961 61.0800 58,698
2021-09-22 MEG LeMaire Joshua W. 494 61.9500 494 61.9500 30,603
2021-09-21 MEG LeMaire Joshua W. 21,665 60.1100 21,665 60.1100 1,302,283
2021-09-21 MEG LeMaire Joshua W. 8,453 60.1000 8,453 60.1000 508,025
2021-09-21 MEG LeMaire Joshua W. 3,677 60.1200 3,677 60.1200 221,061
2021-09-17 MEG LeMaire Joshua W. 7,095 60.0800 7,095 60.0800 426,268
2021-09-17 MEG LeMaire Joshua W. 600 60.1700 600 60.1700 36,102
2021-09-17 MEG LeMaire Joshua W. 300 60.1800 300 60.1800 18,054
2021-09-16 MEG LeMaire Joshua W. 1,829 60.0000 1,829 60.0000 109,740
2021-09-16 MEG LeMaire Joshua W. 2,110 60.0000 2,110 60.0000 126,600
2021-09-16 MEG LeMaire Joshua W. 865 60.0000 865 60.0000 51,900

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

MEG / Montrose Environmental Group, Inc. Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by LeMaire Joshua W. as disclosed to the Securities Exchange Commission (SEC).

File Date Tran Date Form Ticker Security Code 10b5-1 Shares Remaining Shares Percent
Change		 Share
Price		 Tran
Value		 Remaining
Value
2022-03-03 2022-02-28 4 MEG Montrose Environmental Group, Inc.
Stock Option (Right to Buy) 		A - Award 35,503 35,503
2021-12-20 2021-12-16 4 MEG Montrose Environmental Group, Inc.
Stock Appreciation Right 		A - Award 330,000 330,000
2021-12-20 2021-12-16 4 MEG Montrose Environmental Group, Inc.
Common Stock 		A - Award 234,898 237,098 10,677.18
2021-09-23 2021-09-22 4 MEG Montrose Environmental Group, Inc.
Stock Option (Right to Buy) 		M - Exercise -1,455 12,595 -10.36
2021-09-23 2021-09-22 4 MEG Montrose Environmental Group, Inc.
Stock Option (Right to Buy) 		M - Exercise -2,477 6,820 -26.64
2021-09-23 2021-09-22 4 MEG Montrose Environmental Group, Inc.
Stock Option (Right to Buy) 		M - Exercise -2,577 154,709 -1.64
2021-09-23 2021-09-22 4 MEG Montrose Environmental Group, Inc.
Common Stock 		S - Sale -494 2,200 -18.34 61.95 -30,603 136,290
2021-09-23 2021-09-22 4 MEG Montrose Environmental Group, Inc.
Common Stock 		S - Sale -961 2,694 -26.29 61.08 -58,698 164,550
2021-09-23 2021-09-22 4 MEG Montrose Environmental Group, Inc.
Common Stock 		M - Exercise 1,455 3,655 66.14 31.60 45,978 115,498
2021-09-23 2021-09-22 4 MEG Montrose Environmental Group, Inc.
Common Stock 		S - Sale -996 2,200 -31.16 61.90 -61,652 136,180
2021-09-23 2021-09-22 4 MEG Montrose Environmental Group, Inc.
Common Stock 		S - Sale -1,481 3,196 -31.67 61.04 -90,400 195,084
2021-09-23 2021-09-22 4 MEG Montrose Environmental Group, Inc.
Common Stock 		M - Exercise 2,477 4,677 112.59 24.00 59,448 112,248
2021-09-23 2021-09-22 4 MEG Montrose Environmental Group, Inc.
Common Stock 		S - Sale -981 2,200 -30.84 61.89 -60,714 136,158
2021-09-23 2021-09-22 4 MEG Montrose Environmental Group, Inc.
Common Stock 		S - Sale -1,596 3,181 -33.41 61.03 -97,404 194,136
2021-09-23 2021-09-22 4 MEG Montrose Environmental Group, Inc.
Common Stock 		M - Exercise 2,577 4,777 117.14 6.03 15,539 28,805
2021-09-23 2021-09-21 4 MEG Montrose Environmental Group, Inc.
Stock Option (Right to Buy) 		M - Exercise -3,677 14,050 -20.74
2021-09-23 2021-09-21 4 MEG Montrose Environmental Group, Inc.
Stock Option (Right to Buy) 		M - Exercise -8,453 9,297 -47.62
2021-09-23 2021-09-21 4 MEG Montrose Environmental Group, Inc.
Stock Option (Right to Buy) 		M - Exercise -21,665 157,286 -12.11
2021-09-23 2021-09-21 4 MEG Montrose Environmental Group, Inc.
Common Stock 		S - Sale -3,677 2,200 -62.57 60.12 -221,061 132,264
2021-09-23 2021-09-21 4 MEG Montrose Environmental Group, Inc.
Common Stock 		M - Exercise 3,677 5,877 167.14 31.60 116,193 185,713
2021-09-23 2021-09-21 4 MEG Montrose Environmental Group, Inc.
Common Stock 		S - Sale -8,453 2,200 -79.35 60.10 -508,025 132,220
2021-09-23 2021-09-21 4 MEG Montrose Environmental Group, Inc.
Common Stock 		M - Exercise 8,453 10,653 384.23 24.00 202,872 255,672
2021-09-23 2021-09-21 4 MEG Montrose Environmental Group, Inc.
Common Stock 		S - Sale -21,665 2,200 -90.78 60.11 -1,302,283 132,242
2021-09-23 2021-09-21 4 MEG Montrose Environmental Group, Inc.
Common Stock 		M - Exercise 21,665 23,865 984.77 6.03 130,640 143,906
2021-09-17 2021-09-17 4 MEG Montrose Environmental Group, Inc.
Stock Option (Right to Buy) 		M - Exercise -300 17,727 -1.66
2021-09-17 2021-09-17 4 MEG Montrose Environmental Group, Inc.
Stock Option (Right to Buy) 		M - Exercise -600 17,750 -3.27
2021-09-17 2021-09-17 4 MEG Montrose Environmental Group, Inc.
Stock Option (Right to Buy) 		M - Exercise -7,095 178,951 -3.81
2021-09-17 2021-09-17 4 MEG Montrose Environmental Group, Inc.
Common Stock 		S - Sale -300 2,200 -12.00 60.18 -18,054 132,396
2021-09-17 2021-09-17 4 MEG Montrose Environmental Group, Inc.
Common Stock 		M - Exercise 300 2,500 13.64 31.60 9,480 79,000
2021-09-17 2021-09-17 4 MEG Montrose Environmental Group, Inc.
Common Stock 		S - Sale -600 2,200 -21.43 60.17 -36,102 132,374
2021-09-17 2021-09-17 4 MEG Montrose Environmental Group, Inc.
Common Stock 		M - Exercise 600 2,800 27.27 24.00 14,400 67,200
2021-09-17 2021-09-17 4 MEG Montrose Environmental Group, Inc.
Common Stock 		S - Sale -7,095 2,200 -76.33 60.08 -426,268 132,176
2021-09-17 2021-09-17 4 MEG Montrose Environmental Group, Inc.
Common Stock 		M - Exercise 7,095 9,295 322.50 6.03 42,783 56,049
2021-09-17 2021-09-16 4 MEG Montrose Environmental Group, Inc.
Stock Option (Right to Buy) 		M - Exercise -865 18,027 -4.58
2021-09-17 2021-09-16 4 MEG Montrose Environmental Group, Inc.
Stock Option (Right to Buy) 		M - Exercise -2,110 18,350 -10.31
2021-09-17 2021-09-16 4 MEG Montrose Environmental Group, Inc.
Stock Option (Right to Buy) 		M - Exercise -1,829 186,046 -0.97
2021-09-17 2021-09-16 4 MEG Montrose Environmental Group, Inc.
Common Stock 		S - Sale -865 2,200 -28.22 60.00 -51,900 132,000
2021-09-17 2021-09-16 4 MEG Montrose Environmental Group, Inc.
Common Stock 		M - Exercise 865 3,065 39.32 31.60 27,334 96,854
2021-09-17 2021-09-16 4 MEG Montrose Environmental Group, Inc.
Common Stock 		S - Sale -2,110 2,200 -48.96 60.00 -126,600 132,000
2021-09-17 2021-09-16 4 MEG Montrose Environmental Group, Inc.
Common Stock 		M - Exercise 2,110 4,310 95.91 24.00 50,640 103,440
2021-09-17 2021-09-16 4 MEG Montrose Environmental Group, Inc.
Common Stock 		S - Sale -1,829 2,200 -45.40 60.00 -109,740 132,000
2021-09-17 2021-09-16 4 MEG Montrose Environmental Group, Inc.
Common Stock 		M - Exercise 1,829 4,029 83.14 6.03 11,029 24,295
2021-08-19 2021-08-17 4 MEG Montrose Environmental Group, Inc.
Common Stock 		P - Purchase 2,000 2,200 1,000.00 44.53 89,060 97,966
2021-03-19 2021-03-18 4 MEG Montrose Environmental Group, Inc.
Stock Option (Right to Buy) 		A - Award 10,563 10,563
2021-01-08 2021-01-01 4 MEG Montrose Environmental Group, Inc.
Stock Option (Right to Buy) 		A - Award 18,148 18,148
2020-07-24 2020-07-22 4 MEG Montrose Environmental Group, Inc.
Stock Option (Right to Buy) 		A - Award 71,521 71,521
2020-07-22 3 MEG Montrose Environmental Group, Inc.
Common Stock 		400
2020-07-22 3 MEG Montrose Environmental Group, Inc.
Common Stock 		400
2020-07-22 3 MEG Montrose Environmental Group, Inc.
Common Stock 		400
2010-10-27 3 EXAM ExamWorks Group, Inc.
Common Stock 		45,226
P
Open market or private purchase of non-derivative or derivative security
S
Open market or private sale of non-derivative or derivative security
A
Grant, award, or other acquisition of securities from the company (such as an option)
C
Conversion of derivative
D
Sale or transfer of securities back to the company
F
Payment of exercise price or tax liability using portion of securities received from the company
G
Gift of securities by or to the insider
K
Equity swaps and similar hedging transactions
M
Exercise or conversion of derivative security received from the company (such as an option)
V
A transaction voluntarily reported on Form 4
J
Other (accompanied by a footnote describing the transaction)