SMG CFO adds 8.2 phantom units at $69.42; total now 1,055
Scotts Miracle-Gro (SMG) – Form 4 insider filing EVP, CFO & CAO Mark J. Scheiwer reported acquiring 8.193 phantom stock units on 28-Jul-2025 at a reference value of $69.42.
Rhea-AI Filing Summary
Scotts Miracle-Gro (SMG) – Form 4 insider filing
EVP, CFO & CAO Mark J. Scheiwer reported acquiring 8.193 phantom stock units on 28-Jul-2025 at a reference value of $69.42. Each unit is economically equivalent to one common share but is settled in cash after the executive leaves the company. Following the award, Scheiwer beneficially owns 1,055.1 phantom units; no changes were reported in his direct or indirect ownership of SMG common shares.
The transaction was coded “A” (award) and appears to be a routine addition under the company’s deferred-compensation plan rather than an open-market purchase. Given the small size of the award relative to SMG’s ~55 million shares outstanding, the filing is unlikely to have a material impact on float, liquidity or near-term valuation.
Positive
- Incremental insider alignment: CFO’s phantom-stock balance increased, modestly linking compensation to share value.
Negative
- Immaterial size: 8.193 units represent an insignificant economic value, offering little insight into management’s outlook.
- No open-market buying: Awarded phantom stock does not reflect discretionary cash investment by the insider.
Insights
TL;DR: Routine phantom-stock award; negligible size, neutral signal for SMG investors.
The Form 4 shows a deferred-compensation credit, not a cash purchase, so insider conviction is unclear. 8.193 units (<$600) raises the CFO’s phantom balance to ~1,055 units (~$73k), immaterial against SMG’s market cap. No common-share accumulation or sale occurred. As such, the filing neither strengthens nor weakens the investment thesis; it simply confirms ongoing participation in executive compensation programs.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 8.193 | $69.42 | $568.76 |
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.
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AI-generated analysis. How Rhea-AI works. Not financial advice.