Scotts Miracle-Gro (SMG) CFO receives phantom stock compensation 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 EVP, CFO & CAO Mark J. Scheiwer received a grant of 124.104 shares of phantom stock on common shares of the company. Following this award, his reported phantom stock balance is 1,354.803 shares.
Each phantom stock share represents the right to receive one common share of Scotts Miracle-Gro or the cash value of that share. These phantom shares are payable in cash after his employment with the company ends, and he may transfer the phantom stock into an alternative investment at any time.
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 | 124.104 | $65.11 | $8K |
Holdings After Transaction:
Phantom Stock — 1,354.803 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 Scotts Miracle-Gro (SMG) report for Mark J. Scheiwer?
Scotts Miracle-Gro reported that EVP, CFO & CAO Mark J. Scheiwer received a grant of 124.104 phantom stock shares. These are compensation-related derivative awards, not open-market share purchases or sales.
What is the size of the phantom stock award to the Scotts Miracle-Gro (SMG) CFO?
The CFO received 124.104 phantom stock shares tied to Scotts Miracle-Gro common shares. After this grant, his total reported phantom stock holdings increased to 1,354.803 shares according to the filing.
Does the Scotts Miracle-Gro (SMG) CFO’s phantom stock award involve open-market trading?
No, the award is a compensation-related grant of phantom stock and not an open-market buy or sell. The filing classifies it as a grant, award, or other acquisition of derivative securities.
When is the Scotts Miracle-Gro (SMG) phantom stock payable to the CFO?
The phantom stock is payable in cash following the CFO’s termination of employment with Scotts Miracle-Gro. The filing also notes he may transfer his phantom stock into an alternative investment at any time.