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

James Hagedorn, Chairman, CEO, and President of Scotts Miracle-Gro, reports changes in beneficial ownership of company stock, including acquisitions of 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 April 25, 2024, Hagedorn acquired 35.2796 common shares at a price of $56.69 per share.
• As of the report, Hagedorn directly owns 87,050.7067 common shares.
• He also indirectly owns 1,314,791 common shares through Hagedorn Partnership, L.P. (HPLP) and 27,384.083 shares through a 401(k) plan.
• On May 28, 2024, Hagedorn acquired 1,358.318 units of phantom stock, each representing the right to receive one common share or its cash value.
• The price of the derivative security is $66.5.
• Following the reported transactions, Hagedorn beneficially owns 193,381.006 derivative securities.
• The phantom stock is payable in cash following termination of employment and can be transferred into an alternative investment at any time.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Future Outlook

The document does not contain specific forward-looking statements or guidance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates changes in the holdings of the CEO of a major player in the consumer lawn and garden market.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies, ensuring transparency in insider trading.
• The reported transactions are typical for executive compensation and ownership adjustments.
• Comparable companies like Tractor Supply Company (TSCO) and Lowe's (LOW) also have executives who regularly file Form 4s to report changes in their beneficial ownership.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the CEO's stake in the company.
• It assures stakeholders that insider transactions are being monitored and reported as required by law.

Key Dates