Form 4: Scotts Miracle-Gro Director Adam Hanft Reports Acquisition of Dividend Equivalent Rights
SEC Form 4 Filing
Director Adam Hanft reports acquiring dividend equivalent rights related to Scotts Miracle-Gro shares.
Summary
- On March 7, 2025, Adam Hanft, a director of Scotts Miracle-Gro Co, acquired 102 dividend equivalent rights.
- These rights are associated with previously granted Deferred Stock Units (DSUs) or Restricted Stock Units (RSUs).
- The dividend equivalent rights become exercisable proportionally with the DSUs or RSUs to which they relate.
- Each right is economically equivalent to one common share of Scotts Miracle-Gro.
- The price of the dividend equivalent rights is $62.18.
- Following the transaction, Hanft directly owns 461 dividend equivalent rights.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies to ensure transparency.
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 |
|---|---|
| 03/07/2025 | Date of transaction: Adam Hanft acquired 102 dividend equivalent rights. |
| 03/11/2025 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.