Form 4: Scotts Miracle-Gro Executive Acquires Phantom Stock

Mark J. Scheiwer, Interim CFO & CAO of Scotts Miracle-Gro, acquired 6,221 shares of phantom stock on January 27, 2025.

Summary

• Mark J. Scheiwer, the Interim CFO & CAO of Scotts Miracle-Gro, acquired 6,221 shares of phantom stock on January 27, 2025.
• Each share of phantom stock represents the right to receive one common share of Scotts Miracle-Gro or the cash value thereof.
• The phantom stock is payable in cash following the termination of Mr. Scheiwer's employment with the company.
• Mr. Scheiwer has the option to transfer his phantom stock into an alternative investment at any time.
• Following this transaction, Mr. Scheiwer directly owns 978,197 shares of Scotts Miracle-Gro common stock.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing regarding an executive's phantom stock acquisition, which is neither positive nor negative from an investment perspective.

Industry Context

This is a routine filing related to executive compensation and is common practice for publicly traded companies.

Comparison to Industry Standards

• Phantom stock grants are a common form of executive compensation in publicly traded companies, often used to align management's interests with those of shareholders.
• The vesting and payout terms of phantom stock, such as payment upon termination of employment, are typical in such arrangements.
• The ability to transfer phantom stock to alternative investments is also a common feature, providing flexibility to the executive.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it is part of executive compensation.
• The phantom stock grant aligns the executive's interests with the long-term performance of the company.

Key Dates

Keywords

phantom stock, insider trading, executive compensation, securities, Scotts Miracle-Gro, SMG, Mark J. Scheiwer