Form 4: Scotts Miracle-Gro Director Thomas N. Kelly Jr. Reports Acquisition of Dividend Equivalent Rights
SEC Form 4 Filing
Director Thomas N. Kelly Jr. reports acquiring 80 dividend equivalent rights related to Scotts Miracle-Gro shares.
Summary
- On June 7, 2024, Thomas N. Kelly Jr., a director of Scotts Miracle-Gro Co [SMG], acquired 80 dividend equivalent rights.
- These rights are associated with previously granted Deferred Stock Units (DSUs) or Restricted Stock Units (RSUs).
- The dividend equivalent rights accrue on DSU or RSU grants and become exercisable proportionately with the DSUs or RSUs to which they relate.
- Each dividend equivalent right is the economic equivalent of one common share of the Issuer.
- The price of each dividend equivalent right is $68.21.
- Following the transaction, Kelly directly owns 404 dividend equivalent rights.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation, with neutral 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: Thomas N. Kelly Jr. acquired 80 dividend equivalent rights. |
| 06/10/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.