Form 4: Katherine Hagedorn Littlefield Reports Acquisition of Dividend Equivalent Rights in Scotts Miracle-Gro Co
SEC Form 4 Filing
Katherine Hagedorn Littlefield, a director and 10% owner of Scotts Miracle-Gro Co, reports acquiring dividend equivalent rights.
Summary
- On September 6, 2024, Katherine Hagedorn Littlefield acquired 17 dividend equivalent rights related to Scotts Miracle-Gro Co (SMG).
- These rights are associated with 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 SMG.
- The price of each dividend equivalent right is $67.82.
- Following the transaction, Ms. Hagedorn Littlefield directly owns 183 dividend equivalent rights.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard reporting of insider transactions.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider ownership.
Key Dates
| Date | Description |
|---|---|
| 09/06/2024 | Date of transaction: Acquisition of dividend equivalent rights |
| 09/10/2024 | Date of signature on the report |
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