Vijay Manthripragada, born in 1976, is the CEO of Montrose Environmental Group Inc. He holds an MBA from Harvard Business School, bringing a strong educational background to his role at the company. Under his leadership since 2016, Montrose has focused...

Vijay Manthripragada, born in 1976, is the CEO of Montrose Environmental Group Inc. He holds an MBA from Harvard Business School, bringing a strong educational background to his role at the company. Under his leadership since 2016, Montrose has focused heavily on environmental services, demonstrating a commitment to both corporate growth and sustainability. Vijay's compensation reflects the company's performance; in 2021, he earned over $58 million, largely due to significant stock options tied to company success. In 2022, however, the company's adjusted EBITDA performance led to no organic growth cash bonuses, showing the fluctuating nature of success in the business world. One interesting fact about his compensation package is the $2 million bonus he received upon the company's initial public offering in 2020. His leadership emphasizes long-term shareholder value, aligning executive performance with company goals, which highlights his drive to improve overall business health at Montrose.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Montrose Environmental Group CEOs

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Vijay Manthripragada

Ex-CEO of Montrose Environmental Group

Education

MBA from Harvard Business School

Field of Expertise

Environment & Sustainability - Environment

Sector of Economy

Industrials

Born

January 1, 1976 - 49 years ago

CEO of Montrose Environmental Group for

4 years 0 months (Dec 2017 - Dec 2021)

Previous Experience

Prior to joining Montrose, Mr. Manthripragada served as Executive Vice President at a leading environmental services firm.

Rivals

Competitors/colleagues of Vijay Manthripragada

Holdings

See how much did Vijay Manthripragada make over time.

Vijay Manthripragada holds significant stock options at Montrose Environmental Group. In 2021, he was granted 900,000 stock appreciation rights (SARs) at an exercise price of $66.79, which will vest based on performance goals over a five-year period. His wealth peaked...

Vijay Manthripragada holds significant stock options at Montrose Environmental Group. In 2021, he was granted 900,000 stock appreciation rights (SARs) at an exercise price of $66.79, which will vest based on performance goals over a five-year period. His wealth peaked during the company's public offering in 2020 when he gained a $2 million bonus. By the end of 2022, the value of his equity dropped, reflecting the volatile nature of equity-based compensation. Interestingly, 316,209 of his restricted stock units (RSUs) equate to a potential $10 million value, contingent on meeting performance milestones. This highlights both the risk and reward in his financial strategy, as his fortunes are closely tied to the company's performance and stock price.

Mar 17, 2025

M

shares

MEG @ $16.47

Total Stock Sold

$23.83M

MEG

$23.83M

429,500 MEG shares

What if they kept their stock?

If Vijay Manthripragada didn't sell their stock, today they would have:
Extra MEG429,500 shares worth $9.45M.
This is -60.35% and $14.38M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Vijay Manthripragada.

MEG

$584.48K

MEG at $46.76/share

May 6, 2024

Sale

MEG

316,209 shares

MEG

Nov 4, 2021

Received

MEG

$2.18M

MEG at $72.61/share

Nov 4, 2021

Sale

MEG

$1.76M

MEG at $70.70/share

Nov 2, 2021

Sale

MEG

$1.23M

MEG at $68.66/share

Oct 28, 2021

Sale

MEG

$1.90M

MEG at $67.59/share

Sep 27, 2021

Sale

MEG

$4.32M

MEG at $65.33/share

Sep 24, 2021

Sale

MEG

$8.29M

MEG at $46.55/share

Mar 30, 2021

Sale

MEG

$3.16M

MEG at $43.92/share

Mar 29, 2021

Sale

MEG

$187.50K

MEG at $15.00/share

Jul 27, 2020

Purchase

Compensation History

See how much did Vijay Manthripragada make over time.

In 2021, Vijay Manthripragada's total compensation reached $58.4 million, driven mainly by stock options granted for his performance. His base salary stood at $600,000, supplemented by a potentially substantial bonus linked to the company's earnings. Notably, the Organic Growth Bonus could yield up to 200% depending on how well the company met its adjusted EBITDA goals. However, in a sign of the company's fluctuating performance, Vijay earned no cash bonuses in 2022. His compensation plan is designed to align his interests with those of the shareholders, focusing on long-term value creation while reflecting the risks of working in the environmental sector.

Year

2021

Total Compensation

$23.96M

Salary

$600.00K

Board Justification

The compensation philosophy is designed to motivate and retain top executive talent and drive organizational performance that is in the best interest of stockholders in the long term, emphasizing pay for performance and aligning executive and stockholder interests.

Bonus

$400.00K

Board Justification

The Organic Growth Bonus program was designed to provide NEOs with the opportunity to earn cash bonuses based on the achievement of specific Company-wide adjusted EBITDA goals in fiscal year 2021. The Company achieved 118% of its adjusted EBITDA threshold for the Organic Growth Bonus, which exceeds the maximum adjusted EBITDA eligible for bonus. Therefore, the payout for 2021 was capped at 200% of target.

Other

$0.00

Board Justification

No other compensation was reported for the year 2021.

Restricted Stock

$22.96M(316.21K RSU)

Board Justification

The RSUs granted to Mr. Manthripragada on December 16, 2021, vest 50% on the fourth anniversary and 50% on the fifth anniversary of the grant date, subject to continued service.

Performance Metrics

The performance metrics for the Organic Growth Bonus were based on specific Company-wide adjusted EBITDA goals.

Other Montrose Environmental Group CEOs

Here are other CEOs of Montrose Environmental Group

Allan Dicks

CEO of Montrose Environmental Group

December 2021 - Present