Form 4: Director Peter Shumlin Acquires Dividend Equivalent Rights in Scotts Miracle-Gro

Peter Shumlin, a director of Scotts Miracle-Gro, reported the acquisition of dividend equivalent rights corresponding to 134 common shares on September 6, 2024.

Summary

• On September 6, 2024, Peter Shumlin, a director of Scotts Miracle-Gro (SMG), acquired 134 dividend equivalent rights.
• These rights are associated with previously granted Deferred Stock Units (DSUs) or Restricted Stock Units (RSUs).
• The dividend equivalent rights become exercisable proportionally with the DSUs or RSUs to which they relate.
• Each dividend equivalent right represents the economic equivalent of one common share of Scotts Miracle-Gro.
• Following the transaction, Shumlin directly owns 789 dividend equivalent rights.
• The price of the dividend equivalent rights is $67.82.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The acquisition of dividend equivalent rights by a director may signal confidence in the company's future performance to shareholders.

Key Dates