Scheiwer Mark J 4
Research Summary
AI-generated summary
Scotts Miracle‑Gro CFO Mark Scheiwer Receives Phantom Stock Award
What Happened
Mark J. Scheiwer, EVP, CFO & CAO of Scotts Miracle‑Gro Co. (SMG), was granted 124.104 shares of phantom stock as a derivative award on March 26, 2026. The award is reported at a per‑share value of $65.11, for a total reported value of approximately $8,080. This is an award/acquisition (code A) of phantom stock rather than an open‑market purchase or sale.
Key Details
- Transaction date: 2026-03-26; filing date: 2026-03-27 (timely filing).
- Reported price/value: $65.11 per phantom share; total ~ $8,080.
- Amount received: 124.104 phantom shares (derivative security).
- Shares owned after transaction: not specified in the filing.
- Relevant footnotes:
- F1: Each phantom share represents the right to receive one common share or the cash value thereof.
- F2: Phantom shares are payable in cash following termination of employment; they may be transferred into an alternative investment at any time.
- Transaction type: Award/grant of a derivative instrument (phantom stock), code A — not an immediate equity purchase or sale.
Context
Phantom stock is a deferred compensation / derivative award that tracks the value of common shares but is typically settled in cash (or sometimes stock) in the future; here the filing notes cash payment upon employment termination. Because this is a compensation award rather than an open‑market buy or sale, it should be viewed as part of executive pay disclosure, not a direct market signal of the insider buying shares.