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

Director Peter Shumlin reports acquiring dividend equivalent rights convertible to 157 common shares of Scotts Miracle-Gro Co. on March 7, 2025.

Summary

• Peter Shumlin, a director of Scotts Miracle-Gro Co. (SMG), filed a Form 4 on March 11, 2025, reporting a transaction.
• On March 7, 2025, Shumlin acquired 157 dividend equivalent rights (DERs) related to existing DSU or RSU grants.
• These DERs are economically equivalent to common shares and become exercisable proportionately with the related DSUs or RSUs.
• The price of the DERs is $62.18.
• Following the transaction, Shumlin directly owns 715 dividend equivalent rights.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a standard transaction related to executive compensation. It doesn't inherently convey positive or negative sentiment.

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 linked to the company's common stock.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves internal compensation mechanisms for a company director.

Key Dates