Scotts Miracle-Gro (SMG) CFO awarded new phantom stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Scheiwer Mark J reported acquisition or exercise transactions in this Form 4 filing.
SCOTTS MIRACLE-GRO CO executive Mark J. Scheiwer, EVP, CFO & CAO, reported receiving a grant of 10.748 units of phantom stock on February 26, 2026. The award is recorded at a reference price of $69.78 per unit and is classified as a derivative security.
Each phantom stock unit represents the right to receive one common share of the company or the cash value of that share. The phantom stock is payable in cash after Scheiwer’s employment with the company ends, and he may move these units into an alternative investment at any time. Following this grant, he holds a total of 1,218.321 phantom stock units directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Scheiwer Mark J
Role
EVP, CFO & CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 10.748 | $69.78 | $750.00 |
Holdings After Transaction:
Phantom Stock — 1,218.321 shares (Direct)
Footnotes (1)
- Each share of phantom stock represents the right to receive one common share of Issuer or the cash value thereof. 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.
FAQ
What insider transaction did SMG executive Mark J. Scheiwer report?
Mark J. Scheiwer reported receiving 10.748 units of phantom stock on February 26, 2026. This was a grant classified as a derivative security, linked to Scotts Miracle-Gro common shares or their cash value, and increased his total phantom stock holdings to 1,218.321 units.
How many phantom stock units does SMG’s CFO hold after this Form 4?
After this transaction, Mark J. Scheiwer holds 1,218.321 phantom stock units directly. These units are tied to Scotts Miracle-Gro common shares or their cash value and will be settled in cash following the end of his employment with the company.
What does SMG phantom stock represent for Mark J. Scheiwer?
Each share of Scotts Miracle-Gro phantom stock represents the right to receive one common share or its cash value. For Mark J. Scheiwer, these are cash-settled rights, not actual shares, payable after his employment with the company terminates under the plan’s terms.
When will Mark J. Scheiwer’s SMG phantom stock be paid out?
The phantom stock units are payable in cash after Mark J. Scheiwer’s employment with Scotts Miracle-Gro ends. Until then, the units track the value of the company’s common shares under the plan and can be moved into alternative investments by him at any time.
Is the SMG phantom stock grant to Mark J. Scheiwer a stock purchase?
No, the transaction is a grant of phantom stock, not an open-market stock purchase. It is recorded as an acquisition of derivative securities that provide cash-settled rights linked to Scotts Miracle-Gro’s common share value rather than direct share ownership.
Can SMG’s Mark J. Scheiwer change his phantom stock investment?
Yes. Under the plan’s terms, Mark J. Scheiwer may transfer his phantom stock units into an alternative investment at any time. Despite such transfers, the units are ultimately payable in cash following the termination of his employment with Scotts Miracle-Gro.