Form 4: Scotts Miracle-Gro Director Acquires Dividend Rights

Scotts Miracle-Gro Director Edith Aviles reported the acquisition of 121 dividend equivalent rights, increasing her beneficial ownership of derivative securities to 783.

Summary

• Edith Aviles, a Director at The Scotts Miracle-Gro Company (SMG), acquired 121 dividend equivalent rights.
• The transaction occurred on December 5, 2025.
• These rights accrue on DSU or RSU grants and are exercisable proportionately with the related DSUs or RSUs.
• Each dividend equivalent right is economically equivalent to one common share of SMG.
• Following this transaction, Aviles beneficially owns 783 derivative securities.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged trading plan.

Sentiment

Score: 6

Explanation: Slightly positive due to an insider increasing ownership, albeit through derivative rights and a pre-planned transaction, which generally signals confidence and alignment with shareholder interests.

Positives

• An insider (Director Edith Aviles) increased her beneficial ownership of derivative securities, which can be seen as a sign of confidence in the company's future.
• The transaction was executed under a Rule 10b5-1(c) plan, indicating a pre-planned, non-discretionary acquisition.

Future Outlook

NA

Industry Context

This is an insider transaction report and does not provide broader industry context. It reflects an individual director's activity within The Scotts Miracle-Gro Company.

Related Party Transactions

• This filing reports an insider transaction, which is inherently a related party transaction. No other specific related party dealings were disclosed.

Stakeholder Impact

• Shareholders may view the director's increased beneficial ownership of derivative securities as a minor positive signal of management's alignment with shareholder interests, though the impact is generally minimal for routine insider grants/acquisitions.

Key Dates

Recommendation

This Form 4 reports a routine acquisition of dividend equivalent rights by a director under a pre-arranged 10b5-1 plan. While insider buying can be a positive signal, this specific transaction type and volume are not significant enough to warrant a change in investment recommendation based solely on this filing. It primarily indicates ongoing compensation and alignment rather than a strong conviction buy signal.

Keywords

Scotts Miracle-Gro, SMG, Edith Aviles, Director, Insider Trading, Form 4, Dividend Equivalent Rights, Derivative Securities, Beneficial Ownership, 10b5-1 plan