Form 4: Scotts Miracle-Gro Director Edith Aviles Reports Acquisition of Dividend Equivalent Rights
SEC Form 4 Filing
Director Edith Aviles reports acquiring dividend equivalent rights tied to Scotts Miracle-Gro common shares.
Summary
- On June 7, 2024, Edith Aviles, a director of Scotts Miracle-Gro Co. (SMG), acquired 63 dividend equivalent rights.
- These rights are linked to previously granted Deferred Stock Units (DSUs) or Restricted Stock Units (RSUs) and will become exercisable proportionally with those units.
- 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, Aviles directly owns 238 dividend equivalent rights.
Sentiment
Score: 5
Explanation: This is a routine filing related to director compensation, so it's neutral in sentiment.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's securities, providing transparency to the market.
Stakeholder Impact
- The acquisition of dividend equivalent rights by a director could be perceived positively by stakeholders as it aligns the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 06/07/2024 | Date of transaction: Edith Aviles acquired dividend equivalent rights. |
| 06/10/2024 | Date of signature on the Form 4 filing. |
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