Form 4: Scotts Miracle-Gro Director Adam Hanft Reports Stock Transaction
SEC Form 4 Filing
Director Adam Hanft reports the vesting of restricted stock units into common shares of Scotts Miracle-Gro.
Summary
- On February 4, 2025, Adam Hanft, a director of Scotts Miracle-Gro Co, reported a transaction involving restricted stock units.
- 198 restricted stock units vested and converted into common shares.
- Following the transaction, Hanft directly owns 42,216 common shares.
- The transaction was related to dividend equivalent rights associated with restricted stock units granted on February 4, 2022, which vested on February 4, 2023.
Sentiment
Score: 5
Explanation: This is a neutral event, simply reporting a standard stock transaction related to executive compensation.
Industry Context
This is a routine disclosure related to insider transactions, specifically the vesting of restricted stock units. It's a common practice for companies to grant stock-based compensation to directors and employees.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it represents a small change in the director's holdings.
Key Dates
| Date | Description |
|---|---|
| 02/04/2022 | Reporting person was granted 1,581 restricted stock units, with accruing dividend equivalent rights. |
| 02/04/2023 | Restricted stock units vested. |
| 02/04/2025 | 198 restricted stock units converted into common shares. |
| 02/05/2025 | Date of signature for the Form 4 filing. |
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