Form 4: Thomas N. Kelly Jr. Reports Acquisition of Dividend Equivalent Rights in Scotts Miracle-Gro Co.

Director Thomas N. Kelly Jr. reports acquiring 80 dividend equivalent rights related to Scotts Miracle-Gro Co. shares on September 6, 2024.

Summary

• On September 6, 2024, Thomas N. Kelly Jr., a director of Scotts Miracle-Gro Co., 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 $67.82.
• Following the transaction, Kelly directly owns 484 dividend equivalent rights.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a standard regulatory filing related to executive compensation.

Industry Context

This filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies. It reflects ongoing accrual of dividend equivalent rights related to existing equity grants.

Stakeholder Impact

• The acquisition of dividend equivalent rights has a minimal direct impact on stakeholders as it is part of the executive compensation structure.

Key Dates