Form 4: Scotts Miracle-Gro Co. Executive Awarded Dividend Equivalent Rights

Thomas N. Kelly Jr., an executive at Scotts Miracle-Gro Co., has been granted dividend equivalent rights linked to previously awarded stock units.

Summary

• Thomas N. Kelly Jr., an executive at Scotts Miracle-Gro Co., received 73 dividend equivalent rights on December 6, 2024.
• These rights are tied to previously granted Deferred Stock Units (DSUs) or Restricted Stock Units (RSUs).
• The dividend equivalent rights become exercisable proportionally with the DSUs or RSUs they are associated with.
• Each dividend equivalent right is economically equivalent to one common share of Scotts Miracle-Gro Co.
• The price of the common shares at the time of the grant was $75.47.

Sentiment

Score: 7

Explanation: The document is a routine filing regarding executive compensation, which is generally neutral to positive. It indicates that the company is continuing to use standard practices to incentivize its executives.

Industry Context

This type of equity-based compensation is common practice for publicly traded companies to align executive interests with shareholder value.

Comparison to Industry Standards

• Many companies in the consumer goods sector use similar equity-based compensation plans, including dividend equivalent rights, to incentivize and retain key executives.
• Companies like Proctor & Gamble and Colgate-Palmolive also use stock options, restricted stock units, and performance-based equity awards as part of their executive compensation packages.

Stakeholder Impact

• The granting of dividend equivalent rights aligns executive interests with shareholder value by linking compensation to company performance.

Key Dates

Keywords

Dividend Equivalent Rights, Scotts Miracle-Gro Co, Executive Compensation, DSU, RSU, Stock Units