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

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

Summary

• James Hagedorn, the Chairman, CEO, and President of Scotts Miracle-Gro, filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
• On August 26, 2024, Hagedorn acquired 35.8423 common shares at a price of $55.8 per share.
• On the same day, Hagedorn disposed of 87,246.4099 common shares.
• Following these transactions, Hagedorn directly owns no common shares but indirectly owns 28,299.884 shares through a 401(k) plan and 1,231,147 shares through Hagedorn Partnership, L.P.
• Hagedorn also acquired 1,246.782 shares of phantom stock, bringing his total holdings to 199,149.738 shares.
• Each share of phantom stock represents the right to receive one common share of Scotts Miracle-Gro or its cash value upon termination of employment.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, so the sentiment is neutral. It simply reports transactions.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor potential insider trading activity and assess management's confidence in the company's prospects.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• It allows stakeholders to monitor the alignment of management's interests with those of the shareholders.

Key Dates