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

Director Stephen L. Johnson reported acquiring 126 dividend equivalent rights related to Scotts Miracle-Gro shares on March 7, 2025.

Summary

• Stephen L. Johnson, a director of Scotts Miracle-Gro Co. (SMG), filed a Form 4 with the SEC on March 11, 2025.
• The filing reports a transaction on March 7, 2025, where Johnson acquired 126 dividend equivalent rights.
• These rights are associated with previously granted Deferred Stock Units (DSUs) or Restricted Stock Units (RSUs) and 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 $62.18.
• Following the reported transaction, Johnson directly owns 534 dividend equivalent rights.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a routine transaction. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates that a director is receiving dividend equivalent rights, which is a common practice for equity-based compensation.

Key Dates