Director at Scotts Miracle-Gro (SMG) gets $7,188 stock retainer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Johnson Stephen L reported acquisition or exercise transactions in this Form 4 filing.
Scotts Miracle-Gro director Stephen L. Johnson received a stock-based retainer grant valued at $7,188. He was awarded 112 Common Shares on the form’s reported date at a reference price of $61.01 per share, issued as Deferred Stock Units in lieu of a cash retainer. Following this grant, Johnson directly holds 31,239 Common Shares, so the award represents a small addition to his existing ownership and reflects routine director compensation rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Johnson Stephen L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares | 112 | $61.01 | $7K |
Holdings After Transaction:
Common Shares — 31,239 shares (Direct)
Footnotes (1)
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Key Figures
Shares granted: 112 Common Shares
Grant reference price: $61.01 per share
Retainer value: $7,188
+1 more
4 metrics
Shares granted
112 Common Shares
Deferred Stock Units granted as director retainer
Grant reference price
$61.01 per share
Reporting price for the 112-share award
Retainer value
$7,188
Director retainer paid in Deferred Stock Units
Shares held after grant
31,239 Common Shares
Director’s direct ownership following the transaction
Key Terms
Deferred Stock Units, retainer, grant/award acquisition, Common Shares
4 terms
Deferred Stock Units financial
"The Deferred Stock Units were issued to the reporting person in lieu of retainer"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
retainer financial
"in lieu of retainer in the amount of $7,188"
grant/award acquisition financial
"transaction_action": "grant/award acquisition""
FAQ
What did Stephen L. Johnson report in this Form 4 for SMG?
Stephen L. Johnson reported receiving 112 Common Shares of Scotts Miracle-Gro as a Deferred Stock Unit grant. The award was issued in lieu of a $7,188 retainer, reflecting routine director compensation rather than an open-market stock purchase.
What was the value of the stock retainer granted to the SMG director?
The Deferred Stock Units were issued in lieu of a cash retainer of $7,188. This amount represents the director’s retainer compensation, paid in stock rather than cash, aligning director pay with the company’s share performance over time.
Is this SMG Form 4 a stock purchase or a compensation grant?
This Form 4 reflects a compensation grant, not a market purchase. The 112 Common Shares were awarded as Deferred Stock Units in lieu of a $7,188 director retainer, categorized as a grant, award, or other acquisition, rather than an open-market buy transaction.