Form 4: Scotts Miracle-Gro Director Acquires Dividend Rights

Scotts Miracle-Gro Company director Nick Miaritis acquired 37 dividend equivalent rights, increasing his direct beneficial ownership of derivative securities.

Summary

• Director Nick Miaritis of The Scotts Miracle-Gro Company acquired 37 dividend equivalent rights.
• These rights are economic equivalents of common shares and accrue on DSU or RSU grants, becoming exercisable proportionately with the underlying DSUs or RSUs.
• The acquisition increases his direct beneficial ownership of derivative securities to 130.
• The transaction date for this acquisition was December 5, 2025.

Sentiment

Score: 6

Explanation: The acquisition of dividend equivalent rights by a director is a routine compensation event. While it slightly increases insider alignment, the small number of rights (37) makes it a minor event with limited market impact.

Positives

• An insider, Director Nick Miaritis, received 37 dividend equivalent rights, which are a form of equity compensation, aligning his interests with shareholders.

Related Party Transactions

• Director Nick Miaritis acquired 37 dividend equivalent rights as part of his compensation, which is a routine insider transaction.

Stakeholder Impact

• Shareholders: Slight positive impact due to increased alignment of a director's interests with the company's performance through equity-linked compensation.

Key Dates

Keywords

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