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

Thomas N. Kelly Jr., a director at Scotts Miracle-Gro, acquired 80 dividend equivalent rights on March 8, 2024, linked to existing DSU or RSU grants.

Summary

• On March 8, 2024, Thomas N. Kelly Jr., a director of Scotts Miracle-Gro Co, acquired 80 dividend equivalent rights.
• These rights are associated with previously granted Deferred Stock Units (DSUs) or Restricted Stock Units (RSUs).
• The dividend equivalent rights become exercisable proportionally with the DSUs or RSUs to which they relate.
• Each dividend equivalent right represents the economic equivalent of one common share of Scotts Miracle-Gro.
• The price of the dividend equivalent rights is $68.03.
• Following the transaction, Kelly directly owns 324 dividend equivalent rights.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine transaction. 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 specific transaction reflects the ongoing compensation and equity alignment strategies at Scotts Miracle-Gro.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves the acquisition of dividend equivalent rights by a director as part of their compensation.

Key Dates