Scotts CEO granted phantom stock units
HAGEDORN JAMES reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
HAGEDORN JAMES reported acquisition or exercise transactions in this Form 4 filing.
SCOTTS MIRACLE-GRO CO Chairman & CEO James Hagedorn received a grant of 1,226.377 phantom stock units on Common Shares at $67.95 per unit. These phantom stock units are payable in cash after his employment ends and each represents the value of one common share or its cash equivalent.
He also reported a small other transaction involving 36.583 Common Shares, leaving 88,591.5658 Common Shares held directly. Indirectly, he has a proportionate interest in 997,910 Common Shares through Hagedorn Partnership, L.P. and 31,533.6400 Common Shares through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
HAGEDORN JAMES
Role
Chairman & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 1,226.377 | $67.95 | $83K |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| Other | Common Shares | 36.583 | $54.67 | $2K |
Holdings After Transaction:
Phantom Stock — 239,899.404 contracts (Direct);
Common Shares — 88,591.5658 shares (Direct);
Common Shares — 31,533.64 shares (Indirect, By 401(K) Plan);
Common Shares — 997,910 shares (Indirect, HPLP)
Footnotes (3)
- F1. Pursuant to Exchange Act Rule 16a-1(a)(1), the reporting person may be deemed, solely for purposes of determining whether he is a beneficial owner of more than 10% of the common shares of the Issuer ("Common Shares"), to be the beneficial owner of the securities of the Issuer that are held by Hagedorn Partnership, L.P., a Delaware limited partnership in which the reporting person is a general partner (the "Partnership"). Represents the aggregate proportionate interest of the reporting person and those family members in whose holdings he may be deemed to have a pecuniary interest, in Common Shares held by the Partnership.
- F2. Each share of phantom stock represents the right to receive one common share of Issuer or the cash value thereof.
- F3. 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: 1,226.377 units
Phantom stock reference price: $67.95 per unit
Total phantom stock after grant: 239,899.4040 units
+4 more
7 metrics
Phantom stock grant
1,226.377 units
Grant of phantom stock units on Common Shares
Phantom stock reference price
$67.95 per unit
Price per phantom stock unit on grant date
Total phantom stock after grant
239,899.4040 units
Phantom stock units held directly following transaction
Direct common shares
88,591.5658 shares
Common Shares held directly after J-code transaction
Indirect partnership interest
997,910.0000 shares
Proportionate interest in Common Shares via Hagedorn Partnership, L.P.
Indirect 401(k) holdings
31,533.6400 shares
Common Shares held indirectly by 401(k) plan
Other J-code transaction size
36.583 shares
Other acquisition or disposition of Common Shares at $54.67
Key Terms
Phantom Stock, Exchange Act Rule 16a-1(a)(1), pecuniary interest, Hagedorn Partnership, L.P., +1 more
5 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.
Exchange Act Rule 16a-1(a)(1) regulatory
"Pursuant to Exchange Act Rule 16a-1(a)(1), the reporting person may be deemed..."
pecuniary interest financial
"Represents the aggregate proportionate interest of the reporting person and those family members in whose holdings he may be deemed to have a pecuniary interest..."
Hagedorn Partnership, L.P. financial
"…securities of the Issuer that are held by Hagedorn Partnership, L.P., a Delaware limited partnership…"
401(K) Plan financial
"nature_of_ownership: 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did SMG Chairman & CEO James Hagedorn report in this Form 4?
James Hagedorn reported a grant of 1,226.377 phantom stock units tied to SCOTTS MIRACLE-GRO CO common shares at $67.95 per unit. He also disclosed updated direct and indirect common share holdings, including partnership and 401(k) plan interests.
What is the size and nature of the phantom stock award to SMG’s CEO?
The CEO received 1,226.377 phantom stock units at a reference price of $67.95 each. Each phantom unit represents the right to receive one common share of SCOTTS MIRACLE-GRO CO or its cash value, generally payable after employment ends.
What indirect SCOTTS MIRACLE-GRO CO holdings are associated with Hagedorn via Hagedorn Partnership, L.P.?
The filing shows a proportionate interest in 997,910 common shares of SCOTTS MIRACLE-GRO CO held by Hagedorn Partnership, L.P.. This represents the aggregate interest of James Hagedorn and certain family members in the partnership’s common share holdings.
How are the SMG phantom stock units for James Hagedorn settled?
The phantom stock units are payable in cash after termination of James Hagedorn’s employment with SCOTTS MIRACLE-GRO CO. Each unit tracks the value of one common share, and he may transfer phantom stock into an alternative investment at any time.
What additional SMG holdings does James Hagedorn have through a retirement plan?
Beyond direct and partnership interests, James Hagedorn has 31,533.6400 SCOTTS MIRACLE-GRO CO common shares reported as held by a 401(k) plan. These are categorized as indirect holdings associated with his retirement savings arrangement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
