Form 4: Scotts Miracle-Gro Director Acquires Dividend Equivalent Rights

Director Mark D. Kingdon acquired 52 dividend equivalent rights related to existing DSU or RSU grants, each representing the economic equivalent of one common share, at a price of $67.82 on September 6, 2024.

Summary

• On September 6, 2024, Mark D. Kingdon, a director of Scotts Miracle-Gro Co., acquired 52 dividend equivalent rights.
• These rights are associated with existing Deferred Stock Units (DSUs) or Restricted Stock Units (RSUs).
• Each dividend equivalent right represents the economic equivalent of one common share of Scotts Miracle-Gro Co.
• The price associated with the acquisition of these rights is $67.82.
• Following the transaction, Kingdon directly owns 192 dividend equivalent rights.
• The dividend equivalent rights accrue on DSU or RSU grants and become exercisable proportionately with the DSUs or RSUs to which they relate.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing the acquisition of dividend equivalent rights by a company director. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC to ensure transparency regarding insider transactions, allowing investors to stay informed about the actions of company directors and officers.

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 performance.

Key Dates