Form 4: Scotts Miracle-Gro Executive Julie DeMuesy Reports Acquisition of Dividend Equivalent Rights

Julie DeMuesy, SVP, CHIEF HR OFFICER of Scotts Miracle-Gro, reports acquiring 38 dividend equivalent rights related to existing DSU or RSU grants.

Summary

• On September 6, 2024, Julie DeMuesy, SVP, CHIEF HR OFFICER of Scotts Miracle-Gro, reported acquiring 38 dividend equivalent rights.
• These rights accrued on existing DSU or RSU grants and become exercisable proportionately with the underlying DSUs or RSUs.
• Each dividend equivalent right is economically equivalent to one common share of Scotts Miracle-Gro.
• The price of each dividend equivalent right is $67.82.
• Following the transaction, DeMuesy directly owns 153 dividend equivalent rights.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of an insider transaction. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive compensation and potential alignment with shareholder interests.

Stakeholder Impact

• The acquisition of dividend equivalent rights by an executive aligns their interests with shareholders, as the value is tied to the company's stock performance.

Key Dates