SCOTTS MIRACLE-GRO (NYSE: SMG) director awarded 121 dividend equivalent rights
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kingdon Mark D reported acquisition or exercise transactions in this Form 4 filing.
SCOTTS MIRACLE-GRO CO director Mark D. Kingdon received a grant of 121 Dividend Equivalent Rights. These rights accrued on existing DSU or RSU grants and are economically equivalent to 121 common shares. Following this award, Kingdon directly holds 673 Dividend Equivalent Rights tied to common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kingdon Mark D
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights | 121 | $0.00 | -- |
Holdings After Transaction:
Dividend Equivalent Rights — 673 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Dividend Equivalent Rights granted: 121 rights
Total Dividend Equivalent Rights after grant: 673 rights
Economic equivalence: 1 right = 1 common share
+1 more
4 metrics
Dividend Equivalent Rights granted
121 rights
Grant to Mark D. Kingdon on derivative security
Total Dividend Equivalent Rights after grant
673 rights
Directly held by Mark D. Kingdon following transaction
Economic equivalence
1 right = 1 common share
Each Dividend Equivalent Right equals one common share economically
Transaction code
A
Grant, award, or other acquisition of derivative security
Key Terms
Dividend Equivalent Rights, DSU, RSU, economic equivalent
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.
economic equivalent financial
"Each dividend equivalent right is the economic equivalent of one common share of the Issuer."
FAQ
What insider transaction did SCOTTS MIRACLE-GRO CO (SMG) report for Mark D. Kingdon?
SCOTTS MIRACLE-GRO CO reported that director Mark D. Kingdon received 121 Dividend Equivalent Rights. These were granted as an acquisition award and relate to existing DSU or RSU grants, increasing his directly held Dividend Equivalent Rights to 673 tied to common shares.
What are Dividend Equivalent Rights in the SCOTTS MIRACLE-GRO CO Form 4?
Dividend Equivalent Rights are awards that accrue on DSU or RSU grants. According to the filing, each Dividend Equivalent Right is the economic equivalent of one common share of SCOTTS MIRACLE-GRO CO and becomes exercisable proportionately with the underlying DSUs or RSUs.
How many Dividend Equivalent Rights did Mark D. Kingdon receive from SCOTTS MIRACLE-GRO CO?
Mark D. Kingdon received 121 Dividend Equivalent Rights from SCOTTS MIRACLE-GRO CO. The Form 4 describes this as a grant or award acquisition, increasing his directly held Dividend Equivalent Rights that are economically equivalent to the company’s common shares.
What is Mark D. Kingdon’s total Dividend Equivalent Rights position after this SMG transaction?
After the reported transaction, Mark D. Kingdon holds 673 Dividend Equivalent Rights. The filing notes these rights are held directly and are economically equivalent to common shares, becoming exercisable proportionately with the associated DSU or RSU grants.
Was the SCOTTS MIRACLE-GRO CO Form 4 transaction a buy or sell in the market?
The Form 4 shows a grant or award acquisition of 121 Dividend Equivalent Rights, not an open-market buy or sell. It is compensation-related, linked to DSU or RSU grants, and classified as a derivative-type transaction rather than a market trade.