Scotts Miracle-Gro (SMG) Officer Reports Small Stock Purchase and Phantom Units
Rhea-AI Filing Summary
Mark J. Scheiwer, EVP, CFO & CAO of The Scotts Miracle-Gro Company (SMG), reported purchases of the issuer's common stock and phantom stock representing common shares. On 08/25/2025 he acquired 2.8528 common shares at $52.58, leaving him with 8,339.6898 shares directly and 433.874 shares indirectly through a 401(k) plan. On 08/26/2025 he was credited with 4.726 shares of phantom stock (each representing one common share) at a value of $63.04, following which he beneficially owns 1,059.826 phantom-share equivalents. The phantom shares are payable in cash upon termination and may be transferred into alternative investments during employment.
The Form 4 was signed by an attorney-in-fact, Kathy L. Uttley, on behalf of Mr. Scheiwer on 08/28/2025. All information is reported as stated on the form.
Positive
- Officer reported an open-market purchase of common shares (2.8528 shares at $52.58), increasing direct ownership.
- Clear disclosure of phantom stock terms: each unit equals one common share and is cash-settled upon termination; transfer to alternative investments is allowed.
Negative
- None.
Insights
Insider modestly increased direct exposure to SMG via small share purchase and holds phantom stock tied to future cash settlement.
The reported transactions show a minor open-market acquisition of 2.8528 common shares at $52.58, raising direct holdings to 8,339.6898 shares plus indirect 401(k) holdings of 433.874 shares. The addition of 4.726 phantom-share equivalents valued at $63.04 increases deferred cash-based exposure to the issuer. Transaction sizes are small relative to typical corporate insider holdings and do not indicate a material change to ownership concentration or company valuation. This disclosure is routine under Section 16 reporting requirements.
Disclosure is complete and timely for an officer-level filer; phantom-share terms are explicitly cash-settled on termination.
The Form 4 identifies the reporting person as an officer and director and documents direct, indirect and derivative-style holdings with clear descriptions of the phantom stock payout mechanics. Signature by an attorney-in-fact is properly indicated. There are no indications of related-party transfers or atypical vesting conditions disclosed on this filing. For governance review, the filing provides the necessary transparency on insider ownership and deferred compensation instruments.