Form 4: Peter Shumlin Reports Acquisition of Dividend Equivalent Rights in Scotts Miracle-Gro Co

Director Peter Shumlin reports acquiring 123 dividend equivalent rights related to Scotts Miracle-Gro Co shares on March 8, 2024.

Summary

• Peter Shumlin, a director of Scotts Miracle-Gro Co, filed a Form 4 on March 12, 2024, reporting a transaction.
• On March 8, 2024, Shumlin acquired 123 dividend equivalent rights.
• These rights are associated with previously granted Deferred Stock Units (DSUs) or Restricted Stock Units (RSUs) and vest proportionally with those units.
• Each dividend equivalent right represents the economic equivalent of one common share of Scotts Miracle-Gro Co.
• The price of the dividend equivalent rights is $68.03.
• Following the transaction, Shumlin directly owns 527 dividend equivalent rights.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment. It simply reports a transaction by a company director.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's continued holding of derivative securities tied to the company's common stock.

Key Dates