Form 4: Scotts Miracle-Gro Director Mark Kingdon Reports Acquisition of Dividend Equivalent Rights

Scotts Miracle-Gro Company Director Mark D. Kingdon has reported the acquisition of 85 dividend equivalent rights, valued at $66.48 per right, as part of a routine transaction.

Summary

• Mark D. Kingdon, a Director of The Scotts Miracle-Gro Company (SMG), reported a transaction on June 6, 2025.
• The transaction involved the acquisition of 85 Dividend Equivalent Rights.
• Each Dividend Equivalent Right is the economic equivalent of one common share of SMG.
• These rights accrued on DSU or RSU grants and become exercisable proportionately with the underlying DSUs or RSUs.
• The reported price of each derivative security was $66.48.
• Following this transaction, Mark D. Kingdon beneficially owns 415 derivative securities.

Sentiment

Score: 6

Explanation: The filing reports a routine acquisition of dividend equivalent rights by a director, which is a standard part of executive compensation and aligns insider interests with shareholders. It does not indicate any significant positive or negative operational or financial news.

Positives

• Acquisition of 85 Dividend Equivalent Rights by a Director, indicating continued participation in the company's equity compensation plan.
• The rights are tied to common shares, aligning the director's interests with shareholders.

Future Outlook

The Dividend Equivalent Rights become exercisable proportionately with the underlying DSUs or RSUs to which they relate, indicating future potential conversion into common shares.

Industry Context

This Form 4 filing is a routine disclosure of an insider's equity transaction and does not provide broader industry context or trends.

Related Party Transactions

• The acquisition of Dividend Equivalent Rights by a director is a transaction with a related party (an insider), but it appears to be part of a standard equity compensation plan, not an unusual related party dealing.

Stakeholder Impact

• Shareholders: The acquisition of dividend equivalent rights by a director aligns their interests with shareholders, as the value of these rights is tied to the company's common shares. This is a routine compensation disclosure and is unlikely to have a significant direct impact on share price or shareholder value.
• Employees: No direct impact on employees is indicated.
• Customers/Suppliers/Creditors: No direct impact on these stakeholders is indicated.

Next Steps

• The Dividend Equivalent Rights will become exercisable proportionately with the underlying DSU or RSU grants.

Key Dates

Keywords

Scotts Miracle-Gro, SMG, Form 4, insider transaction, Mark D. Kingdon, Director, dividend equivalent rights, equity compensation, beneficial ownership