Scotts Miracle-Gro (SMG) director granted 158 Dividend Equivalent Rights
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Johnson Stephen L reported acquisition or exercise transactions in this Form 4 filing.
SCOTTS MIRACLE-GRO CO director Stephen L. Johnson received a grant of 158 Dividend Equivalent Rights on common shares. These derivative awards have no purchase price and increase his total Dividend Equivalent Rights holdings to 908. Each right is the economic equivalent of one common share and vests proportionately with the related DSU or RSU grants.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Johnson Stephen L
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights | 158 | $0.00 | -- |
Holdings After Transaction:
Dividend Equivalent Rights — 908 shares (Direct, null)
Footnotes (1)
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Key Figures
Dividend Equivalent Rights granted: 158 rights
Dividend Equivalent Rights after transaction: 908 rights
Transaction price per right: $0.0000
+1 more
4 metrics
Dividend Equivalent Rights granted
158 rights
Grant on 2026-06-05 to director Stephen L. Johnson
Dividend Equivalent Rights after transaction
908 rights
Total Dividend Equivalent Rights holdings following grant
Transaction price per right
$0.0000
Grant of Dividend Equivalent Rights with no purchase price
Underlying common shares
158 shares
Each Dividend Equivalent Right equals one common share economically
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 with the DSUs or RSUs to which they relate."
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 with the DSUs or RSUs to which they relate."
RSU financial
"The dividend equivalent rights accrued on DSU or RSU grants and become exercisable proportionately with the DSUs or RSUs to which they relate."
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) report for Stephen L. Johnson?
SCOTTS MIRACLE-GRO reported that director Stephen L. Johnson received 158 Dividend Equivalent Rights on common shares. This grant increased his total Dividend Equivalent Rights position to 908, reflecting additional stock-based compensation rather than an open-market share purchase or sale.
What are Dividend Equivalent Rights in the SCOTTS MIRACLE-GRO (SMG) Form 4?
Dividend Equivalent Rights are awards that mirror dividends on underlying deferred or restricted stock units. For SCOTTS MIRACLE-GRO, each right is the economic equivalent of one common share and becomes exercisable proportionately with the related DSU or RSU grants over time.
How many Dividend Equivalent Rights does the SCOTTS MIRACLE-GRO (SMG) director hold after this grant?
After the reported grant, Stephen L. Johnson holds 908 Dividend Equivalent Rights. These rights are tied to SCOTTS MIRACLE-GRO common shares and will become exercisable in step with the underlying DSU or RSU awards to which they relate, according to the filing footnote.
What does the transaction code "A" mean in the SCOTTS MIRACLE-GRO (SMG) Form 4?
In this SCOTTS MIRACLE-GRO Form 4, transaction code "A" indicates a grant, award, or other acquisition. It reflects that Stephen L. Johnson was awarded 158 Dividend Equivalent Rights as part of compensation, not that he made an open-market purchase of SMG shares.