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 March 8, 2024.
Summary
- On March 8, 2024, Adam Hanft, a director of Scotts Miracle-Gro Co [SMG], 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 was $68.03.
- Following the transaction, Hanft directly owns 324 dividend equivalent rights.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to insider transactions, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and doesn't necessarily reflect broader industry trends.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it involves dividend equivalent rights held by a director.
Key Dates
| Date | Description |
|---|---|
| 03/08/2024 | Date of transaction: Adam Hanft acquired 80 dividend equivalent rights. |
| 03/12/2024 | Date of signature on the Form 4 filing. |
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