JAMES HAGEDORN - 02 Jan 2024 Form 4 Insider Report for SCOTTS MIRACLE-GRO CO (SMG)

Role
Chairman, CEO and President, Director, 10%+ Owner
Signature
/s/ Kathy L. Uttley as attorney-in-fact for James Hagedorn
Issuer symbol
SMG
Transactions as of
02 Jan 2024
Transactions value $
$2,000
Form type
4
Filing time
04 Jan 2024, 11:31:52 UTC
Previous filing
28 Dec 2023
Next filing
25 Jan 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SMG Common Shares Other $2K +37.1 +0.08% $53.95 44.8K 22 Dec 2023 Direct
transaction SMG Common Shares Options Exercise +660 +1.47% 45.5K 02 Jan 2024 Direct F1
holding SMG Common Shares 27.4K 02 Jan 2024 By 401(K) Plan
holding SMG Common Shares 1.48M 02 Jan 2024 HPLP F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SMG Phantom Stock Options Exercise $0 -660 -0.36% $0.00 185K 02 Jan 2024 Common Shares 660 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each phantom stock unit was the economic equivalent of one share of Issuer's common shares. On January 2, 2024, the reporting person's phantom stock units were settled for an equal number of shares of Issuer's common shares. Partial shares were paid out in cash.
F2 Pursuant to Exchange Act Rule 16a-1(a)(1), the reporting person may be deemed, solely for purposes of determining whether he is a beneficial owner of more than 10% of the common shares of the Issuer ("Common Shares"), to be the beneficial owner of the securities of the Issuer that are held by Hagedorn Partnership, L.P., a Delaware limited partnership in which the reporting person is a general partner (the "Partnership"). Represents the aggregate proportionate interest of the reporting person and those family members in whose holdings he may be deemed to have a pecuniary interest, in Common Shares held by the Partnership.
F3 Each share of phantom stock represents the right to receive one common share of Issuer or the cash value thereof.
F4 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.