Form 4: Scotts Miracle-Gro CEO Acquires Phantom Stock
SEC Form 4 Filing
Scotts Miracle-Gro CEO and Chairman, James Hagedorn, acquired 1,143.244 shares of phantom stock on November 26, 2024.
Summary
- James Hagedorn, the CEO and Chairman of Scotts Miracle-Gro, acquired 1,143.244 shares of phantom stock on November 26, 2024.
- Each share of phantom stock represents the right to receive one common share of Scotts Miracle-Gro or its cash value.
- The phantom stock is payable in cash following the termination of Hagedorn's employment with the company.
- Hagedorn has the option to transfer his phantom stock into an alternative investment at any time.
- Following the transaction, Hagedorn directly owns 204,301.817 shares of Scotts Miracle-Gro.
Sentiment
Score: 6
Explanation: The document reflects a routine transaction related to executive compensation. It is neither particularly positive nor negative, but rather an expected event.
Positives
- The acquisition of phantom stock by the CEO could be seen as a positive sign of his confidence in the company's future performance.
- The ability to transfer phantom stock into alternative investments provides flexibility for the CEO.
Industry Context
This is a routine filing related to executive compensation and stock ownership, common in publicly traded companies.
Comparison to Industry Standards
- Phantom stock grants are a common form of executive compensation, particularly for senior management in publicly traded companies.
- The terms of the phantom stock, such as the vesting schedule and payout upon termination, are generally consistent with industry practices.
- The ability to transfer phantom stock into alternative investments is a feature that is sometimes included in executive compensation packages to provide flexibility.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns the CEO's interests with the company's performance.
Key Dates
| Date | Description |
|---|---|
| 11/26/2024 | Date of the phantom stock acquisition. |
| 11/27/2024 | Date the form was signed. |
Keywords
phantom stock, insider trading, executive compensation, stock ownership, Scotts Miracle-Gro, SMG, James Hagedorn
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