Form 4: Scotts Miracle-Gro Director Stephen L. Johnson Reports Acquisition of Dividend Equivalent Rights

Director Stephen L. Johnson reports acquiring dividend equivalent rights convertible to 86 common shares of Scotts Miracle-Gro on March 8, 2024.

Summary

• Stephen L. Johnson, a director of Scotts Miracle-Gro Co [SMG], reported a transaction on March 8, 2024.
• The transaction involved the acquisition of 86 dividend equivalent rights.
• These rights are linked to DSU or RSU grants and become exercisable proportionally with the related DSUs or RSUs.
• Each dividend equivalent right represents the economic equivalent of one common share of Scotts Miracle-Gro.
• Following the reported transaction, Johnson directly owns 330 derivative securities.
• The price of the derivative security is $68.03.

Sentiment

Score: 7

Explanation: The sentiment is neutral as it's a standard regulatory filing reporting a routine transaction. There's no indication of positive or negative implications for the company's performance.

Industry Context

Form 4 filings are standard disclosures required by the SEC to ensure transparency regarding the transactions of company insiders, such as directors and officers, in their own company's stock. This allows investors to stay informed about the actions of those with privileged information.

Key Dates