Form 4: Scotts Miracle-Gro CEO James Hagedorn Reports Acquisition of Phantom Stock
SEC Form 4 Filing
James Hagedorn, Chairman & CEO of Scotts Miracle-Gro, reports acquiring phantom stock representing the right to receive common shares or their cash value.
Summary
- On March 26, 2025, James Hagedorn, the Chairman & CEO of Scotts Miracle-Gro, reported acquiring 2,592.473 shares of phantom stock.
- Each share of phantom stock represents the right to receive one common share of Scotts Miracle-Gro or the cash value thereof.
- The phantom stock was acquired at a price of $56.88 per share.
- Following the transaction, Hagedorn directly owns 213,869.75 derivative securities.
- The phantom stock is payable in cash following the termination of Hagedorn's employment with the company, and he may transfer his phantom stock into an alternative investment at any time.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. It reports a transaction without expressing any positive or negative sentiment.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency into the holdings of company executives. It's common for executives to receive stock-based compensation, including phantom stock, as part of their overall remuneration package.
Comparison to Industry Standards
- Executive compensation packages often include phantom stock or similar equity-based awards to align management's interests with those of shareholders.
- The specific terms and conditions of phantom stock plans can vary widely across companies and industries.
- Comparing the size and structure of Hagedorn's phantom stock award to those of executives at comparable companies in the consumer products or agricultural sectors would provide a more comprehensive assessment of its relative value and impact.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders.
- It provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 03/26/2025 | Date of transaction: James Hagedorn acquired phantom stock. |
| 03/28/2025 | Date of report signature. |
Keywords
phantom stock, James Hagedorn, Scotts Miracle-Gro, SMG, derivative securities, Form 4, insider trading
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