Scotts Miracle-Gro (SMG) director receives dividend equivalent rights grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Miaritis Nick reported acquisition or exercise transactions in this Form 4 filing.
SCOTTS MIRACLE-GRO CO director Nick Miaritis received 74 dividend equivalent rights tied to existing equity awards. These rights were granted as a compensation-related award with no cash price per right. Following the grant, he holds 268 dividend equivalent rights in total, each economically equivalent to one common share and vesting in step with the related DSUs or RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Miaritis Nick
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights | 74 | $0.00 | -- |
Holdings After Transaction:
Dividend Equivalent Rights — 268 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Dividend equivalent rights granted: 74 rights
Total dividend equivalent rights after grant: 268 rights
Transaction price per right: $0.0000 per right
+1 more
4 metrics
Dividend equivalent rights granted
74 rights
Grant on 2026-06-05 as compensation award
Total dividend equivalent rights after grant
268 rights
Holdings following reported transaction
Transaction price per right
$0.0000 per right
Non-cash compensation grant
Underlying common shares per right
1 common share per right
Each right economically equals one share
Key Terms
Dividend Equivalent Rights, DSU, RSU, economic equivalent of one common share
4 terms
Dividend Equivalent Rights financial
"The dividend equivalent rights accrued on DSU or RSU grants and become exercisable proportionately..."
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
DSU financial
"The dividend equivalent rights accrued on DSU or RSU grants and become exercisable proportionately..."
RSU financial
"The dividend equivalent rights accrued on DSU or RSU grants and become exercisable proportionately..."
Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.
FAQ
What insider transaction did SCOTTS MIRACLE-GRO (SMG) director Nick Miaritis report?
Director Nick Miaritis reported receiving 74 dividend equivalent rights as a compensation-related award. These rights are linked to existing DSU or RSU grants and increase his total holdings of such derivative rights to 268.
What are dividend equivalent rights in the SCOTTS MIRACLE-GRO (SMG) Form 4 filing?
Dividend equivalent rights are derivatives that mirror dividends on DSU or RSU grants. Each right is the economic equivalent of one common share and becomes exercisable proportionately with the related DSUs or RSUs as they vest over time.
How many dividend equivalent rights does Nick Miaritis hold after this SCOTTS MIRACLE-GRO (SMG) transaction?
After the reported grant, Nick Miaritis holds 268 dividend equivalent rights. Each right represents the economic value of one common share and is tied to underlying DSU or RSU awards in his compensation package.
Are the SCOTTS MIRACLE-GRO (SMG) dividend equivalent rights immediately exercisable?
The dividend equivalent rights become exercisable proportionately with the DSUs or RSUs they relate to. This means they follow the same vesting schedule as the underlying stock units rather than being immediately exercisable on the grant date.