SCOTTS MIRACLE-GRO (SMG) director awarded 153 Dividend Equivalent Rights in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SCOTTS MIRACLE-GRO CO director Peter E. Shumlin received a grant of 153 Dividend Equivalent Rights on the company’s stock. The award was reported at a price of $0.0000 per right and is classified as a grant or other acquisition. Following this transaction, his directly held Dividend Equivalent Rights total 845. According to the disclosure, these rights accrue on DSU or RSU grants and become exercisable proportionately with the underlying DSUs or RSUs, with each right economically equivalent to one common share.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Shumlin Peter E
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights | 153 | $0.00 | -- |
Holdings After Transaction:
Dividend Equivalent Rights — 845 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did SMG director Peter Shumlin report?
Peter E. Shumlin reported receiving 153 Dividend Equivalent Rights linked to SCOTTS MIRACLE-GRO CO stock. The Form 4 classifies this as a grant or other acquisition at a stated price of $0.0000 per right, increasing his directly held rights to 845.
What are Dividend Equivalent Rights in the SMG Form 4 filing?
Dividend Equivalent Rights in this filing accrue on DSU or RSU grants and mirror dividends on common shares. Each right is described as the economic equivalent of one common share and becomes exercisable proportionately with the related DSUs or RSUs over time.
Did Peter Shumlin buy or sell SMG common stock in this transaction?
No, the reported transaction involves a grant of Dividend Equivalent Rights rather than open-market stock trading. The Form 4 describes the code as a grant, award, or other acquisition of derivative securities tied economically to SCOTTS MIRACLE-GRO CO common shares.
How many Dividend Equivalent Rights does Peter Shumlin hold after this SMG grant?
After receiving 153 newly awarded Dividend Equivalent Rights, Peter E. Shumlin directly holds a total of 845 such rights. These derivative rights track the value of SCOTTS MIRACLE-GRO CO common shares as they are economically equivalent to one share each.
At what price were the SMG Dividend Equivalent Rights granted to Peter Shumlin?
The 153 Dividend Equivalent Rights reported were granted at a stated transaction price of $0.0000 per right. This indicates a compensatory equity award structure rather than a cash purchase in the market for SCOTTS MIRACLE-GRO CO common stock.