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, CFO & CAO of Scotts Miracle‑Gro Co. (SMG), reported two small acquisitions. On 2026-04-27 he received a derivative award of 11.037 phantom shares valued at $67.95 each (total $750). Earlier, on 2026-03-31 he recorded an “other” acquisition of 2.744 shares at $54.67 each (total $150). Both transactions are acquisitions (not sales) and are modest in dollar size.
Key Details
- Transaction dates and prices:
- 2026-03-31: Other acquisition (code J) — 2.744 shares @ $54.67 = $150.
- 2026-04-27: Grant/award (code A, derivative) — 11.037 phantom shares @ $67.95 = $750.
- Filing: Form 4 filed 2026-04-29 for reporting period ending 2026-04-27. No late-filing indication in the provided data.
- Shares owned after transaction: Not specified in the provided filing details.
- 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 after employment termination; the reporting person may transfer them into an alternative investment at any time.
Context
The 11.037-share entry is a derivative/phantom stock award (cash‑settled or share‑settled upon vest/termination), not issuance of immediate common shares. The amounts involved are small ($750 and $150), so these transactions have limited economic significance on their own. As an executive acquisition (not a sale), it is an inward transaction but should be viewed in context with other insider activity and company news.