Form 4: Scotts Miracle-Gro Director Acquires Dividend Rights

Scotts Miracle-Gro Company director Nick Miaritis acquired 32 dividend equivalent rights, increasing his beneficial ownership to 93 derivative securities.

Summary

• Director Nick Miaritis of The Scotts Miracle-Gro Company (SMG) acquired 32 Dividend Equivalent Rights (DERs) on September 5, 2025.
• Each Dividend Equivalent Right is the economic equivalent of one common share of SMG.
• The underlying value for these rights is $63.04 per common share.
• Following this transaction, Miaritis directly beneficially owns a total of 93 derivative securities.
• These rights accrue on DSU or RSU grants and become exercisable proportionately with the underlying DSUs or RSUs to which they relate.

Sentiment

Score: 6

Explanation: The acquisition of dividend equivalent rights by a director is generally a positive signal of insider confidence, though it's a relatively small transaction in the context of overall company valuation.

Positives

• An insider, Director Nick Miaritis, increased his beneficial ownership in the company through the acquisition of 32 dividend equivalent rights, which are economically equivalent to common shares and can signal confidence in future performance.

Stakeholder Impact

• Shareholders: The acquisition by a director may be viewed as a positive signal of confidence in the company's future, potentially influencing investor sentiment, though the transaction size is small.

Key Dates

Recommendation

While the acquisition of dividend equivalent rights by a director indicates some level of insider confidence, this specific transaction is minor in scale and does not provide sufficient new information to alter a fundamental investment thesis. Investors should consider broader financial performance and market conditions rather than this isolated event for a significant change in recommendation.

Keywords

Scotts Miracle-Gro, SMG, Nick Miaritis, Director, Insider Transaction, Form 4, Dividend Equivalent Rights, Beneficial Ownership