Form 4: Scotts Miracle-Gro Director John R. Vines Reports Acquisition of Dividend Equivalent Rights

Director John R. Vines reports acquiring dividend equivalent rights convertible to 90 common shares of Scotts Miracle-Gro on September 6, 2024.

Summary

• On September 6, 2024, John R. Vines, a director of Scotts Miracle-Gro Co., acquired 90 dividend equivalent rights.
• These rights are linked to previously granted Deferred Stock Units (DSUs) or Restricted Stock Units (RSUs) and become exercisable proportionally with them.
• Each dividend equivalent right represents the economic equivalent of one common share of Scotts Miracle-Gro.
• The price of the dividend equivalent rights is $67.82.
• Following the transaction, Vines directly owns 558 dividend equivalent rights.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, indicating no specific positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves the acquisition of dividend equivalent rights by a director, which is a common form of compensation.

Key Dates