Form 4: Scotts Miracle-Gro CEO James Hagedorn Acquires 126,051 Stock Options

Scotts Miracle-Gro CEO James Hagedorn was granted 126,051 stock options on November 8, 2024, exercisable between 2027 and 2034.

Summary

• James Hagedorn, CEO, President, and Chairman of Scotts Miracle-Gro, acquired 126,051 stock options on November 8, 2024.
• These options have an exercise price of $72.60 per share.
• The options become exercisable starting November 8, 2027, and expire on November 8, 2034.
• The underlying security for these options is 126,051 common shares of Scotts Miracle-Gro.
• The transaction was reported on November 13, 2024.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation event, which is generally viewed neutrally to slightly positive as it aligns management interests with shareholders.

Positives

• The acquisition of stock options by the CEO could be seen as a positive sign of confidence in the company's future performance.

Industry Context

This is a standard SEC Form 4 filing related to executive compensation, which is common in publicly traded companies. The granting of stock options is a typical way to incentivize executives.

Comparison to Industry Standards

• Stock option grants are a common form of executive compensation in publicly traded companies, including those in the consumer goods and agricultural sectors.
• Companies like Corteva, Inc. (CTVA) and FMC Corporation (FMC) also use stock options as part of their executive compensation packages.
• The vesting period and expiration dates of these options are within typical ranges for such grants.

Stakeholder Impact

• The stock option grant aligns the CEO's interests with those of shareholders, potentially encouraging actions that increase shareholder value.

Key Dates

Keywords

stock options, insider trading, executive compensation, securities, Scotts Miracle-Gro, SMG, James Hagedorn