Form 4: Scotts Miracle-Gro CEO James Hagedorn Reports Changes in Beneficial Ownership

James Hagedorn, CEO of Scotts Miracle-Gro, reports transactions involving common shares and phantom stock.

Summary

• James Hagedorn, the Chairman, CEO, and President of Scotts Miracle-Gro Co, filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
• On August 23, 2024, Hagedorn acquired 33.8352 common shares at $59.11 per share.
• On September 6, 2024, he acquired 89.4068 common shares at $67.9712 per share.
• Following these transactions, Hagedorn directly owns 87,369.6519 common shares.
• He also indirectly owns 28,299.884 common shares through a 401(K) plan and 1,231,147 shares through Hagedorn Partnership, L.P.
• Additionally, Hagedorn acquired 1,899.802 units of phantom stock on September 6, 2024, at a price of $68.752 per unit, bringing his total holdings to 201,049.54 units.
• These phantom stock units represent the right to receive one common share of Scotts Miracle-Gro or the cash value thereof upon termination of employment.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing insider transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors often monitor these filings for insights into management's confidence in the company's prospects.

Stakeholder Impact

• Shareholders may be interested in these transactions as they provide insight into the CEO's investment activity in the company.
• The transactions themselves have a negligible impact on employees, customers, suppliers, or creditors.

Key Dates