Scheiwer Mark J 4
Research Summary
AI-generated summary
Scotts Miracle-Gro (SMG) CFO Mark Scheiwer Receives Phantom Stock Award
What Happened
- Mark J. Scheiwer, EVP, Chief Financial Officer & Chief Accounting Officer of Scotts Miracle-Gro Co. (SMG), was granted 10.748 shares of phantom stock on February 26, 2026. The grant is reported as a derivative award at $69.78 per share for a total reported value of $750.
Key Details
- Transaction date: 2026-02-26; Filing date: 2026-03-02.
- Transaction type/code: Award/Other Acquisition (A) — derivative/phantom stock.
- Shares granted: 10.748 phantom shares at $69.78 each; total reported value $750.
- Shares owned after transaction: Not specified in this filing.
- Footnotes: F1 — each phantom share represents the right to receive one common share or cash value; F2 — phantom shares are payable in cash following termination of employment but may be transferred into an alternative investment at any time.
- Timeliness: The Form 4 is dated Mar 2, 2026 reporting the Feb 26 transaction; the filing itself does not indicate a late filing code.
Context
- This was an award of phantom (derivative) stock, not an immediate issuance of common shares. Phantom stock typically represents a cash or share payout in the future (here, payable in cash after employment ends unless converted), so it does not increase public float or result in immediate share sales. The dollar amount of this grant ($750) is small relative to typical executive awards.