Form 4: Katherine Hagedorn Littlefield Reports Acquisition of Dividend Equivalent Rights in Scotts Miracle-Gro Co

Director Katherine Hagedorn Littlefield reports acquiring 17 dividend equivalent rights related to Scotts Miracle-Gro Co shares on March 8, 2024.

Summary

• On March 8, 2024, Katherine Hagedorn Littlefield, a director of Scotts Miracle-Gro Co, acquired 17 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 is economically equivalent to one common share of Scotts Miracle-Gro Co.
• Following the transaction, Ms. Hagedorn Littlefield directly owns 149 dividend equivalent rights.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.

Industry Context

Form 4 filings are standard practice for corporate insiders to report changes in their beneficial ownership of company securities, providing transparency to the market.

Stakeholder Impact

• The acquisition of dividend equivalent rights by a director may be of interest to shareholders as it reflects the director's alignment with the company's dividend policy and performance.

Key Dates