Form 4: Scotts Miracle-Gro CEO James Hagedorn Reports Phantom Stock Acquisition
SEC Form 4 Filing
James Hagedorn, Chairman, CEO, and President of Scotts Miracle-Gro, reports acquiring phantom stock representing the right to receive 1,085.674 common shares.
Summary
- On September 26, 2024, James Hagedorn, the Chairman, CEO, and President of Scotts Miracle-Gro, reported a transaction involving phantom stock.
- He acquired phantom stock representing the right to receive 1,085.674 common shares.
- The price per share for the phantom stock is $83.2.
- Following the reported transaction, Hagedorn beneficially owns 202,135.214 common shares directly.
- The phantom stock is payable in cash following the termination of Hagedorn's employment with Scotts Miracle-Gro, and he may transfer his phantom stock into an alternative investment at any time.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, and the transaction itself doesn't indicate positive or negative sentiment. It's a neutral disclosure of information.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives of publicly traded companies. It provides transparency into the holdings of key personnel.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding the executive's holdings in the company.
Key Dates
| Date | Description |
|---|---|
| 09/26/2024 | Date of phantom stock transaction |
| 09/30/2024 | Date of signature on the report |
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