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

Director John R. Vines reports acquiring dividend equivalent rights related to Scotts Miracle-Gro shares.

Summary

• On June 7, 2024, John R. Vines, a director of Scotts Miracle-Gro Co, acquired 89 dividend equivalent rights.
• These rights are linked to existing DSU or RSU grants 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, Vines directly owns 468 dividend equivalent rights.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing indicating a director's acquisition of dividend equivalent rights, which is neither particularly positive nor negative.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

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

Key Dates