Form 4: John R. Vines Reports Acquisition of Dividend Equivalent Rights in Scotts Miracle-Gro Co

Director John R. Vines reports the acquisition of dividend equivalent rights related to Scotts Miracle-Gro Co shares.

Summary

• On March 8, 2024, John R. Vines, a director of Scotts Miracle-Gro Co, acquired 88 dividend equivalent rights.
• These rights are linked to previously granted Deferred Stock Units (DSUs) or Restricted Stock Units (RSUs) and vest proportionally with them.
• Each dividend equivalent right represents the economic equivalent of one common share of Scotts Miracle-Gro Co.
• The price of the dividend equivalent right is $68.03.
• Following the transaction, Vines directly owns 379 dividend equivalent rights.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, so the sentiment is considered neutral.

Positives

• The acquisition of dividend equivalent rights suggests continued alignment of the director's interests with those of the shareholders.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency regarding the holdings and transactions of company insiders.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider activity.

Key Dates