Form 4: Scotts Miracle-Gro CEO James Hagedorn Reports Phantom Stock Acquisition

James Hagedorn, Chairman, CEO, and President of Scotts Miracle-Gro, reports acquiring phantom stock representing the right to receive 1,285.154 common shares.

Summary

• On July 26, 2024, James Hagedorn, the Chairman, CEO, and President of Scotts Miracle-Gro, reported acquiring 1,285.154 units of phantom stock.
• Each unit of phantom stock represents the right to receive one common share of Scotts Miracle-Gro or its cash value.
• The phantom stock was acquired at a price of $70.29 per share.
• Following the reported transaction, Hagedorn directly owns 197,902.956 common shares.
• 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: 6

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment. It reflects standard insider trading disclosures.

Positives

• The acquisition of phantom stock aligns the executive's interests with those of the shareholders.
• The ability to transfer phantom stock into alternative investments provides flexibility for the executive.

Future Outlook

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

Industry Context

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities. This filing indicates changes in the holdings of a key executive at Scotts Miracle-Gro.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the holdings of a key executive.
• The acquisition of phantom stock aligns the executive's interests with those of the shareholders.

Key Dates