Scotts Miracle-Gro CFO granted phantom stock
Scotts Miracle-Gro EVP, CFO & CAO Mark J. Scheiwer reported routine compensation-related and administrative updates to his holdings.
Rhea-AI Filing Summary
Scotts Miracle-Gro EVP, CFO & CAO Mark J. Scheiwer reported routine compensation-related and administrative updates to his holdings. He received a grant of 12.512 phantom stock units at $59.94 per unit, bringing his phantom stock balance to 1,378.352 units, each representing the right to receive one common share or its cash value. A small "J" code entry covered 2.939 common shares at $51.04, classified as another type of acquisition or disposition. Following these updates, he directly holds 15,378.125 common shares and indirectly holds 493.482 common shares through a 401(K) plan. Phantom stock is payable in cash after his employment ends, and he may transfer these units into alternative investments at any time.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Scheiwer Mark J
Role
EVP, CFO & CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 12.512 | $59.94 | $749.97 |
| holding | Common Shares | -- | -- | -- |
| Other | Common Shares | 2.939 | $51.04 | $150.01 |
Holdings After Transaction:
Phantom Stock — 1,378.352 contracts (Direct);
Common Shares — 15,378.125 shares (Direct);
Common Shares — 493.482 shares (Indirect, By 401(K) Plan)
Footnotes (2)
- F1. Each share of phantom stock represents the right to receive one common share of Issuer or the cash value thereof.
- F2. Shares of phantom stock are payable in cash following termination of the reporting person's employment with Issuer. The reporting person may transfer his/her phantom stock into an alternative investment at any time.
Key Figures
Phantom stock grant: 12.512 units at $59.94
Phantom stock balance: 1,378.352 units
J-code common share amount: 2.939 shares at $51.04
+2 more
5 metrics
Phantom stock grant
12.512 units at $59.94
Grant of phantom stock units on Common Shares basis
Phantom stock balance
1,378.352 units
Phantom stock units following the grant
J-code common share amount
2.939 shares at $51.04
Other acquisition or disposition of Common Shares
Direct common shares
15,378.125 shares
Direct Common Shares following transactions
401(k) plan common shares
493.482 shares
Indirect holdings via 401(K) Plan
Key Terms
Phantom Stock, 401(K) Plan, Grant, award, or other acquisition, Other acquisition or disposition
4 terms
Phantom Stock financial
"Each share of phantom stock represents the right to receive one common share of Issuer or the cash value thereof."
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
401(K) Plan financial
"Common Shares held indirectly with nature of ownership described as By 401(K) Plan."
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
Grant, award, or other acquisition financial
"Transaction code A is described as Grant, award, or other acquisition."
Other acquisition or disposition financial
"Transaction code J is described as Other acquisition or disposition."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did SMG executive Mark J. Scheiwer report?
Mark J. Scheiwer reported a grant of 12.512 phantom stock units at $59.94 each and a small “J” code transaction involving 2.939 common shares at $51.04. He also updated his direct, indirect, and phantom stock holdings in this filing.
What is the phantom stock grant reported by SMG’s CFO and how is it valued?
Scheiwer received 12.512 phantom stock units valued at $59.94 per unit, each tied to one common share or its cash value. This grant increased his phantom stock balance to 1,378.352 units, forming part of his long-term, cash-settled compensation.
When and how are Scheiwer’s Scotts Miracle-Gro phantom stock units paid out?
The phantom stock units are payable in cash after Mark J. Scheiwer’s employment with Scotts Miracle-Gro ends. According to the filing, he may transfer his phantom stock into an alternative investment at any time before that payout event occurs.
What does the “J” transaction code mean in Scheiwer’s SMG Form 4 filing?
The “J” transaction code in Scheiwer’s Form 4 is described as “Other acquisition or disposition.” In this case, it applies to 2.939 common shares at $51.04. The filing classifies it as an “other transaction,” not a standard open-market buy or sell.
AI-generated analysis. How Rhea-AI works. Not financial advice.
