Form 4: Scotts Miracle-Gro Director Exercises Deferred Stock Units
SEC Form 4 Filing
Director Peter E. Shumlin exercised deferred stock units, converting them into common shares of Scotts Miracle-Gro on January 31, 2025.
Summary
- Peter E. Shumlin, a director at Scotts Miracle-Gro, converted deferred stock units into common shares on January 31, 2025.
- A total of 4,662 common shares were acquired through the conversion of deferred stock units.
- Additionally, 157 common shares were acquired through the exercise of dividend equivalent rights.
- The transactions resulted in Mr. Shumlin owning a total of 27,078 common shares directly.
- The deferred stock units were granted on four separate dates in 2022 and vested on January 31, 2025.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally to slightly positive as it indicates alignment of interests. There is no indication of any negative or unexpected events.
Positives
- The conversion of deferred stock units into common shares indicates a long-term commitment by the director.
- The exercise of dividend equivalent rights further increases the director's stake in the company.
Industry Context
This is a standard transaction for a director exercising vested equity compensation. It is common for directors to receive deferred stock units as part of their compensation package.
Comparison to Industry Standards
- The vesting and conversion of deferred stock units are common practices in executive compensation across various industries.
- Many companies use similar equity-based compensation plans to align the interests of directors and shareholders.
- The number of shares acquired is specific to the individual's compensation package and is not directly comparable to other companies without detailed knowledge of their compensation structures.
Stakeholder Impact
- The transaction increases the director's stake in the company, aligning their interests with those of shareholders.
Key Dates
| Date | Description |
|---|---|
| 02/04/2022 | Grant date of 217 deferred stock units with accruing dividend equivalent rights. |
| 04/01/2022 | Grant date of 226 deferred stock units with accruing dividend equivalent rights. |
| 07/01/2022 | Grant date of 359 deferred stock units with accruing dividend equivalent rights. |
| 10/01/2022 | Grant date of 658 deferred stock units with accruing dividend equivalent rights. |
| 01/31/2025 | Date of conversion of deferred stock units and exercise of dividend equivalent rights. |
| 02/03/2025 | Date of filing of the SEC Form 4. |
Keywords
Scotts Miracle-Gro, Director, Deferred Stock Units, Common Shares, Beneficial Ownership, SEC Form 4, Dividend Equivalent Rights
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