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

Scotts Miracle-Gro Company director Adam Hanft has acquired 97 additional dividend equivalent rights, increasing his beneficial ownership of equity-linked securities.

Summary

• Adam Hanft, a Director of The Scotts Miracle-Gro Co (SMG), acquired 97 Dividend Equivalent Rights (DERs) on June 6, 2025.
• Each Dividend Equivalent Right is the economic equivalent of one common share of the Issuer.
• The rights were acquired at a price of $66.48 per underlying common share.
• Following this transaction, Mr. Hanft beneficially owns 558 derivative securities.
• The dividend equivalent rights accrue on DSU or RSU grants and become exercisable proportionately with the DSUs or RSUs to which they relate.

Sentiment

Score: 6

Explanation: Slightly positive, as it indicates a director's continued accumulation of equity-linked interests in the company, aligning their incentives with long-term shareholder value, though it's a routine compensation event rather than an open-market purchase.

Positives

• The acquisition of Dividend Equivalent Rights by a director indicates an increase in their equity-linked stake in the company, aligning their interests with shareholders.
• This type of grant is often part of a standard compensation package, reflecting ongoing commitment from the board.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This is a routine insider transaction filing (Form 4) for a director acquiring equity-linked compensation, which is a common practice across various industries to align management and board interests with shareholders.

Stakeholder Impact

• Shareholders: The increase in a director's equity-linked ownership can be viewed positively as it aligns management interests with shareholder returns.

Key Dates

Keywords

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