Form 4: Scotts Miracle-Gro Director Acquires Dividend Equivalent Rights
SEC Form 4 Filing
Mark D. Kingdon, a director of Scotts Miracle-Gro, acquired dividend equivalent rights corresponding to 52 common shares on March 8, 2024.
Summary
- On March 8, 2024, Mark D. Kingdon, a director of Scotts Miracle-Gro, acquired 52 dividend equivalent rights.
- These rights are linked to existing DSU or RSU grants and will become exercisable proportionally with those grants.
- Each dividend equivalent right represents the economic equivalent of one common share of Scotts Miracle-Gro.
- The price of the dividend equivalent rights was $68.03.
- Following the transaction, Kingdon directly owns 88 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 standard practice for corporate insiders to report changes in their beneficial ownership of company securities, providing transparency to the market.
Key Dates
| Date | Description |
|---|---|
| 03/08/2024 | Date of transaction: Mark D. Kingdon acquired dividend equivalent rights. |
| 03/12/2024 | Date of signature on the Form 4 filing. |
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