[Form 4] SCOTTS MIRACLE-GRO CO Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Miller Austin Scott reported acquisition or exercise transactions in this Form 4 filing.
Scotts Miracle-Gro director Austin Scott Miller received an equity-linked award of 48 dividend equivalent rights. These rights were granted at a price of $0.00 per right and increase his directly held dividend equivalent rights to 81 following the transaction. According to the disclosure, each dividend equivalent right is economically equal to one common share and accrues on DSU or RSU grants, becoming exercisable in step with the underlying DSUs or RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Miller Austin Scott
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights | 48 | $0.00 | -- |
Holdings After Transaction:
Dividend Equivalent Rights — 81 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did SMG director Austin Scott Miller report on this Form 4?
Austin Scott Miller reported the acquisition of 48 dividend equivalent rights at a price of $0.00 per right. These rights are tied to existing DSU or RSU awards and represent additional equity-linked compensation rather than an open-market stock purchase.
What are dividend equivalent rights reported in the SMG Form 4 filing?
Dividend equivalent rights are equity-linked instruments that accrue on DSU or RSU grants and mirror cash dividends on common shares. Each right is the economic equivalent of one Scotts Miracle-Gro common share and becomes exercisable proportionately with the related DSUs or RSUs over time.
How many dividend equivalent rights does the SMG director hold after this transaction?
Following the award, the director holds a total of 81 dividend equivalent rights directly. This total reflects the newly granted 48 rights combined with previously held rights, all linked to underlying DSU or RSU grants described in the insider ownership disclosure.
How do the SMG dividend equivalent rights relate to DSU or RSU awards?
The dividend equivalent rights accrue on DSU or RSU grants and follow their vesting schedule. They become exercisable proportionately with the underlying DSUs or RSUs and are intended to provide economic value equivalent to dividends on Scotts Miracle-Gro common shares during the vesting period.