Form 4: Scotts Miracle-Gro Director Adam Hanft Reports Acquisition of Dividend Equivalent Rights
SEC Form 4 Filing
Director Adam Hanft reported acquiring 80 dividend equivalent rights related to Scotts Miracle-Gro common shares on September 6, 2024.
Summary
- On September 6, 2024, Adam Hanft, a director of Scotts Miracle-Gro Co, acquired 80 dividend equivalent rights.
- These rights are linked to existing DSU or RSU grants and vest proportionally with them.
- Each dividend equivalent right represents the economic equivalent of one common share of Scotts Miracle-Gro.
- The price of the dividend equivalent rights is $67.82.
- Following the transaction, Hanft directly owns 484 dividend equivalent rights.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. It doesn't convey any positive or negative sentiment about the company's performance or prospects.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in company stock. This transaction reflects ongoing compensation and equity alignment for a board member.
Key Dates
| Date | Description |
|---|---|
| 09/06/2024 | Date of transaction: Adam Hanft acquired 80 dividend equivalent rights. |
| 09/10/2024 | Date of signature for the Form 4 filing. |
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