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 (SMG), was granted 10.562 units of phantom stock (reported as a derivative award) on 2026-06-26. The award is reported at $71.01 per unit for a total value of $750. This is an award/grant (compensation), not an open‑market purchase or sale.
Key Details
- Transaction date: 2026-06-26; Form 4 filed: 2026-06-30.
- Award: 10.562 phantom stock units at $71.01 per unit; total reported value $750.
- Transaction type: A (Award/Grant; derivative).
- Shares owned after transaction: Not specified in the provided filing.
- 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; the reporting person may transfer phantom stock into an alternative investment at any time.
- No indications in the filing of a 10b5-1 plan, tax withholding sale, or other special sale mechanics.
Context
- Phantom stock is a deferred/derivative compensation vehicle; it does not represent immediate issuance of common shares and is often payable in cash or stock upon vesting/termination. Such awards are typically routine compensation and do not necessarily signal the insider buying or selling company stock on the open market.