Form 4: Scotts Miracle-Gro Director Edith Aviles Reports Acquisition of Dividend Equivalent Rights

Director Edith Aviles reports acquiring 63 dividend equivalent rights related to Scotts Miracle-Gro stock.

Summary

• On September 6, 2024, Edith Aviles, a director of Scotts Miracle-Gro Co., reported acquiring 63 dividend equivalent rights.
• These rights are associated with previously granted Deferred Stock Units (DSUs) or Restricted Stock Units (RSUs).
• The dividend equivalent rights accrue on DSU or RSU grants and become exercisable proportionately with the DSUs or RSUs to which they relate.
• Each dividend equivalent right is the economic equivalent of one common share of Scotts Miracle-Gro.
• The price of each dividend equivalent right is $67.82.
• Following the transaction, Aviles directly owns 301 dividend equivalent rights.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to executive compensation. It doesn't inherently indicate positive or negative sentiment.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The acquisition of dividend equivalent rights by a director could be perceived positively by shareholders as it aligns the director's interests with those of the shareholders.

Key Dates