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

James Hagedorn, Chairman & CEO of Scotts Miracle-Gro, settled phantom stock units for common shares and reported changes in beneficial ownership on April 3, 2025.

Summary

• On April 3, 2025, James Hagedorn, the Chairman & CEO of Scotts Miracle-Gro, executed transactions involving common shares and phantom stock.
• Hagedorn settled 1,127.385 phantom stock units, receiving an equal number of common shares.
• A transaction also involved the disposition of 67.385 common shares at a price of $54.429.
• Following these transactions, Hagedorn directly owns 79,431.9688 common shares.
• Hagedorn also has indirect ownership through a 401(k) plan (29,413.378 shares) and Hagedorn Partnership, L.P. (1,231,147 shares).
• After the transaction, Hagedorn holds 212,742.365 phantom stock units.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing of stock transactions by a company executive. The settlement of phantom stock could be seen as a slightly positive sign, but overall, it's a standard disclosure.

Positives

• The settlement of phantom stock units into common shares could be seen as a positive sign of confidence in the company's future performance.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track changes in ownership and potential alignment of interests.

Stakeholder Impact

• The transactions may have a minor impact on shareholders by slightly increasing the number of outstanding shares.

Key Dates

Keywords

Scotts Miracle-Gro, James Hagedorn, phantom stock, common shares, beneficial ownership, Form 4, SMG