Form 4: Scotts Miracle-Gro CEO James Hagedorn Settles Phantom Stock Units for Common Shares

Scotts Miracle-Gro CEO James Hagedorn converted phantom stock units into common shares and disposed of some shares to cover tax obligations.

Summary

• On January 2, 2025, James Hagedorn, CEO and Chairman of Scotts Miracle-Gro, converted 769 phantom stock units into 769 common shares.
• He also disposed of 33 common shares to satisfy tax obligations related to the phantom stock settlement at a price of $65.71 per share.
• Following these transactions, Hagedorn directly owns 88,274.602 common shares.
• He also has indirect ownership of 28,299.884 common shares through a 401(k) plan and 1,231,147 common shares through Hagedorn Partnership, L.P.
• Hagedorn also holds 206,612.345 phantom stock units.

Sentiment

Score: 7

Explanation: The document reflects routine transactions related to executive compensation and does not indicate any positive or negative sentiment. It is a neutral event.

Positives

• The conversion of phantom stock units into common shares aligns Hagedorn's interests with those of shareholders.
• The transaction demonstrates Hagedorn's continued investment in the company.

Negatives

• The disposal of 33 shares, while for tax purposes, slightly reduces Hagedorn's direct holdings.

Risks

• There are no specific risks mentioned in this document.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders when they make transactions involving company stock. It is a routine disclosure and does not indicate any unusual activity.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the US, and this filing is consistent with those standards.
• The transactions are typical for executives who receive stock-based compensation.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation.

Key Dates

Keywords

insider trading, form 4, phantom stock, common shares, stock ownership, scotts miracle-gro, james hagedorn