Form 4: Scotts Miracle-Gro Director Stephen L. Johnson Reports Acquisition of Dividend Equivalent Rights
SEC Form 4 Filing
Director Stephen L. Johnson reports acquiring dividend equivalent rights related to Scotts Miracle-Gro common shares.
Summary
- On June 7, 2024, Stephen L. Johnson, a director of Scotts Miracle-Gro Co [SMG], acquired 90 dividend equivalent rights.
- These rights are linked to existing DSU or RSU grants and vest proportionally with those units.
- Each dividend equivalent right represents the economic equivalent of one common share of Scotts Miracle-Gro.
- The price of each dividend equivalent right is $68.21.
- Following the transaction, Johnson directly owns 420 dividend equivalent rights.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a standard transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 06/07/2024 | Date of transaction: Acquisition of dividend equivalent rights. |
| 06/10/2024 | Date of signature for the Form 4 filing. |
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