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

Scotts Miracle-Gro Company Director Stephen L. Johnson has reported the acquisition of 122 dividend equivalent rights, aligning his interests with shareholders.

Summary

• Stephen L. Johnson, a Director at The Scotts Miracle-Gro Company (SMG), reported the acquisition of 122 Dividend Equivalent Rights (DERs) on June 6, 2025.
• These DERs are economic equivalents of one common share of the Issuer and accrue on DSU or RSU grants.
• The DERs become exercisable proportionately with the underlying DSUs or RSUs to which they relate.
• Following this transaction, Mr. Johnson beneficially owns 656 derivative securities.
• The reported price of the derivative security, representing the value of the underlying common shares, was $66.48 per right.

Sentiment

Score: 6

Explanation: The acquisition of dividend equivalent rights by a director is a routine insider transaction that generally aligns management's interests with shareholders, indicating a neutral to slightly positive sentiment.

Positives

• The acquisition of Dividend Equivalent Rights by a director aligns their financial interests with those of common shareholders, promoting long-term value creation.
• This transaction is part of a standard equity compensation structure, indicating ongoing commitment from the board member.

Future Outlook

NA

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction and does not provide information related to broader industry trends or competitive landscape within the consumer lawn and garden products sector.

Related Party Transactions

• Acquisition of 122 Dividend Equivalent Rights by Director Stephen L. Johnson, which are economic equivalents of common shares and accrue on DSU/RSU grants.

Stakeholder Impact

• Shareholders: Increased alignment of director's interests with shareholder value through equity-based compensation.

Key Dates

Recommendation

Keywords

Scotts Miracle-Gro, SMG, Form 4, Insider Transaction, Dividend Equivalent Rights, Director, Stephen L. Johnson, Equity Compensation, Corporate Governance