Form 4: Scotts Miracle-Gro Director Adam Hanft Reports Acquisition of Dividend Equivalent Rights

Director Adam Hanft reported acquiring 80 dividend equivalent rights related to Scotts Miracle-Gro common shares on June 7, 2024.

Summary

• On June 7, 2024, Adam Hanft, a director of Scotts Miracle-Gro Co., acquired 80 dividend equivalent rights.
• These rights are associated with existing DSU or RSU grants and become exercisable proportionally with those grants.
• Each dividend equivalent right represents the economic equivalent of one common share of Scotts Miracle-Gro.
• The price of the dividend equivalent rights is $68.21.
• Following the transaction, Hanft directly owns 404 dividend equivalent rights.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to insider transactions. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's acquisition of dividend equivalent rights, which are commonly used in equity compensation plans.

Stakeholder Impact

• The acquisition of dividend equivalent rights by a director could be seen as a positive sign by shareholders, indicating confidence in the company's future performance.

Key Dates