Form 4: Edith Aviles Reports Acquisition of Dividend Equivalent Rights in Scotts Miracle-Gro Co

Director Edith Aviles reports acquiring dividend equivalent rights convertible to 63 common shares of Scotts Miracle-Gro Co on March 8, 2024.

Summary

• On March 8, 2024, Edith Aviles, a director of Scotts Miracle-Gro Co, acquired 63 dividend equivalent rights.
• These rights are linked to DSU or RSU grants and become exercisable proportionally with the underlying DSUs or RSUs.
• Each dividend equivalent right represents the economic equivalent of one common share of Scotts Miracle-Gro Co.
• The price of the derivative security is $68.03.
• Following the transaction, Aviles directly owns 175 dividend equivalent rights.

Sentiment

Score: 7

Explanation: The document is a standard regulatory filing detailing a transaction by a company director. It doesn't contain any information that would significantly sway investor sentiment positively or negatively. The sentiment is neutral to slightly positive due to the director increasing their holdings.

Industry Context

This filing is a routine disclosure related to insider transactions and provides transparency regarding the holdings of company directors. It's typical for directors to receive and hold derivative securities like dividend equivalent rights as part of their compensation.

Key Dates