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

Julie DeMuesy, SVP and Chief HR Officer of Scotts Miracle-Gro, reports acquiring 37 dividend equivalent rights related to existing DSU or RSU grants.

Summary

• On June 7, 2024, Julie DeMuesy, SVP and Chief HR Officer of Scotts Miracle-Gro, reported acquiring 37 dividend equivalent rights.
• These rights are associated with existing Deferred Stock Units (DSU) or Restricted Stock Units (RSU) grants.
• The dividend equivalent rights 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 Scotts Miracle-Gro.
• The price of the dividend equivalent rights is $68.21.
• Following the transaction, DeMuesy directly owns 115 dividend equivalent rights.

Sentiment

Score: 5

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

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives regarding their holdings in the company's securities.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves the acquisition of dividend equivalent rights by a company executive.
• It provides transparency to shareholders regarding insider transactions.

Key Dates