Form 4: Scotts Miracle-Gro CEO James Hagedorn Reports Acquisition of Phantom Stock
SEC Form 4 Filing
James Hagedorn, Chairman, CEO, and President of Scotts Miracle-Gro, reports acquiring phantom stock representing the right to receive common shares or their cash value.
Summary
- On March 26, 2024, James Hagedorn, the Chairman, CEO, and President of Scotts Miracle-Gro, reported acquiring 1,154.801 units of phantom stock.
- Each unit of phantom stock represents the right to receive one common share of Scotts Miracle-Gro or its cash equivalent.
- The transaction occurred at a price of $72.16 per share, with the phantom stock payable in cash upon termination of Hagedorn's employment.
- Following the reported transaction, Hagedorn beneficially owns 190,790.683 units of phantom stock directly.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 03/26/2024 | Date of transaction: Acquisition of phantom stock. |
| 03/28/2024 | Date of report signature. |
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