Scotts Miracle-Gro (NYSE: SMG) CFO receives phantom stock and dividend rights grants
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 routine equity-related updates. He received 48.0000 Dividend Equivalent Rights and 15.7790 Phantom Stock units on June 5, 2026, both classified as grants or awards tied economically to common shares.
Following these awards, Scheiwer held 15,381.0930 Common Shares directly and 493.4820 Common Shares indirectly through a 401(k) plan, plus 453.0000 Dividend Equivalent Rights and 1,394.1310 Phantom Stock units. The filing also shows a small 2.9680-share "other" common share transaction on May 29, 2026, indicating a minor restructuring rather than open-market trading.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2.968 shares
Net Buy
4 txns
Insider
Scheiwer Mark J
Role
EVP, CFO & CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 15.779 | $57.13 | $901.45 |
| Grant/Award | Dividend Equivalent Rights | 48 | $0.00 | $0.00 |
| holding | Common Shares | -- | -- | -- |
| Other | Common Shares | 2.968 | $50.53 | $149.97 |
Holdings After Transaction:
Phantom Stock — 1,394.131 shares (Direct);
Dividend Equivalent Rights — 453 shares (Direct);
Common Shares — 15,381.093 shares (Direct);
Common Shares — 493.482 shares (Indirect, By 401(K) Plan)
Footnotes (3)
- 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.
- F3. The dividend equivalent rights accrued on DSU or RSU grants and become exercisable proportionately with the DSUs or RSUs to which they relate. Each dividend equivalent right is the economic equivalent of one common share of the Issuer.
Key Figures
Dividend Equivalent Rights grant: 48.0000 rights
Phantom Stock grant: 15.7790 units
Phantom Stock holdings: 1,394.1310 units
+4 more
7 metrics
Dividend Equivalent Rights grant
48.0000 rights
Granted June 5, 2026 to EVP, CFO & CAO
Phantom Stock grant
15.7790 units
Granted June 5, 2026 at $57.1300 per unit
Phantom Stock holdings
1,394.1310 units
Total Phantom Stock after transactions
Direct common share holdings
15,381.0930 shares
Common Shares held directly after May 29, 2026 transaction
Indirect 401(k) holdings
493.4820 shares
Common Shares held indirectly via 401(k) plan
Dividend Equivalent Rights total
453.0000 rights
Dividend Equivalent Rights held after June 5, 2026 grant
Other common share transaction
2.9680 shares
Code J other acquisition or disposition on May 29, 2026
Key Terms
Phantom Stock, Dividend Equivalent Rights, 401(K) Plan, DSU, +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.
Dividend Equivalent Rights financial
"The dividend equivalent rights accrued on DSU or RSU grants and become exercisable proportionately with the DSUs or RSUs to which they relate."
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
401(K) Plan financial
"Common Shares … ownership type indirect, 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.
DSU financial
"The dividend equivalent rights accrued on DSU or RSU grants and become exercisable proportionately"
RSU financial
"The dividend equivalent rights accrued on DSU or RSU grants and become exercisable proportionately"
Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did SMG executive Mark J. Scheiwer report in this Form 4?
Mark J. Scheiwer reported routine equity-related updates, including grants of Dividend Equivalent Rights and Phantom Stock units. The filing also records a small "other" common share transaction and his indirect holdings in a 401(k) plan.
How many Dividend Equivalent Rights did SMG executive Scheiwer receive?
Scheiwer received 48.0000 Dividend Equivalent Rights on June 5, 2026. These rights accrue on DSU or RSU grants and are the economic equivalent of one common share each, becoming exercisable proportionately with the related DSUs or RSUs.
What Phantom Stock position does Scheiwer hold at Scotts Miracle-Gro (SMG)?
After the reported grant, Scheiwer held 1,394.1310 Phantom Stock units. Each unit represents the right to receive one common share of the issuer, or its cash value, typically payable in cash after his employment with the company ends.
How are SMG Phantom Stock units and Dividend Equivalent Rights settled?
Phantom Stock units are payable in cash following Scheiwer’s employment termination, or can be moved into alternative investments. Dividend Equivalent Rights accrue on DSU or RSU grants and become exercisable proportionately, each equal in value to one common share.