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

Katherine Hagedorn Littlefield, a director at Scotts Miracle-Gro, acquired 15 dividend equivalent rights on December 6, 2024.

Summary

• Katherine Hagedorn Littlefield, a director of Scotts Miracle-Gro, has reported a transaction involving dividend equivalent rights.
• On December 6, 2024, she acquired 15 dividend equivalent rights.
• These rights are linked to previously granted Deferred Stock Units (DSUs) or Restricted Stock Units (RSUs).
• Each dividend equivalent right is economically equivalent to one common share of Scotts Miracle-Gro.
• The price of the underlying common stock at the time of the transaction was $75.47.
• Following this transaction, Ms. Hagedorn Littlefield directly owns 198 dividend equivalent rights.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing regarding a director's acquisition of dividend equivalent rights. It does not indicate any significant positive or negative sentiment.

Industry Context

This is a routine filing related to insider transactions, which is common for publicly traded companies. It provides transparency into the holdings of company directors.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, as mandated by the SEC.
• The acquisition of dividend equivalent rights is a common form of compensation for directors and executives, often tied to the performance of the company's stock.
• Similar filings can be observed for directors and executives at comparable companies such as The Toro Company (TTC) and Central Garden & Pet Company (CENT).

Stakeholder Impact

• This transaction has a minimal direct impact on stakeholders, as it is a routine filing related to director compensation.

Key Dates

Keywords

dividend equivalent rights, insider trading, form 4, director, scotts miracle-gro, SMG, equity securities