Director at SCOTTS MIRACLE-GRO (SMG) granted 105 dividend equivalent rights
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SCOTTS MIRACLE-GRO CO director David C. Evans received an equity-related award tied to dividends on prior grants. On March 6, he acquired 105 dividend equivalent rights at a stated price of $0.00 per right. These rights accrue on DSU or RSU grants and become exercisable proportionately with the underlying awards, with each right economically equivalent to one common share. Following this award, Evans directly holds 552 dividend equivalent rights.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Evans David C
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights | 105 | $0.00 | -- |
Holdings After Transaction:
Dividend Equivalent Rights — 552 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did SCOTTS MIRACLE-GRO (SMG) director David C. Evans report?
David C. Evans reported an acquisition of 105 dividend equivalent rights on March 6. These arise from prior DSU or RSU grants and reflect dividend credits, not an open-market stock purchase, increasing his directly held dividend equivalent rights to 552.
What are dividend equivalent rights in the SCOTTS MIRACLE-GRO (SMG) Form 4?
Dividend equivalent rights are credits that accrue on outstanding DSU or RSU grants, mirroring dividends on common shares. Each right is the economic equivalent of one common share and becomes exercisable in step with the related DSUs or RSUs.
How many dividend equivalent rights does David C. Evans hold after this SCOTTS MIRACLE-GRO (SMG) transaction?
After the reported transaction, David C. Evans directly holds 552 dividend equivalent rights. These rights reflect accumulated dividend credits on his DSU or RSU grants and are economically equivalent to the same number of common shares of the company.
Are the SCOTTS MIRACLE-GRO (SMG) dividend equivalent rights immediately exercisable?
The dividend equivalent rights become exercisable proportionately with the DSUs or RSUs to which they relate. This means vesting and exercisability follow the timetable and conditions of the underlying stock unit awards rather than being immediately available.