Form 4: Scotts Miracle-Gro CEO James Hagedorn Reports Changes in Beneficial Ownership
SEC Form 4 Filing
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 May 24, 2024, Hagedorn acquired 36.1141 common shares at $55.38 per share and disposed of 87,086.8208 common shares.
- On June 7, 2024, he acquired 87.6392 common shares at $68.2221 per share.
- Following these transactions, Hagedorn directly owns 87,174.46 common shares.
- He also indirectly owns 27,384.083 common shares through a 401(K) plan and 1,231,147 common shares through Hagedorn Partnership, L.P.
- Additionally, Hagedorn acquired 1,888.199 units of phantom stock on June 7, 2024, at a price of $67.119 per unit, bringing his total holdings to 195,269.205 units.
- These phantom stock units are payable in cash upon termination of his employment and can be transferred into alternative investments at any time.
Sentiment
Score: 5
Explanation: This is a routine filing; the sentiment is neutral as it simply reports transactions.
Industry Context
Form 4 filings are standard practice for company insiders to report changes in their ownership, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the CEO's transactions in company stock.
Key Dates
| Date | Description |
|---|---|
| 05/24/2024 | Acquisition of 36.1141 common shares at $55.38 and disposal of 87,086.8208 common shares. |
| 06/07/2024 | Acquisition of 87.6392 common shares at $68.2221 and acquisition of 1,888.199 units of phantom stock at $67.119. |
| 06/11/2024 | Date of signature for the Form 4 filing. |
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