Scotts Miracle-Gro (SMG) director awarded 151 dividend equivalent rights
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sandoval Brian E reported acquisition or exercise transactions in this Form 4 filing.
SCOTTS MIRACLE-GRO CO director Brian E. Sandoval received an equity-related award. On the reported date, he was granted 151 dividend equivalent rights tied to existing deferred or restricted stock unit grants, at a stated price of $0 per right. Following this award, he holds 787 dividend equivalent rights, each economically equivalent to one common share.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sandoval Brian E
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights | 151 | $0.00 | -- |
Holdings After Transaction:
Dividend Equivalent Rights — 787 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did SMG director Brian Sandoval report on this Form 4?
Brian E. Sandoval reported receiving an award of 151 dividend equivalent rights. These rights are linked to existing DSU or RSU grants and increase his total holdings of such rights to 787, each economically equivalent to one common share of Scotts Miracle-Gro.
What are the terms of the dividend equivalent rights reported for SMG on this Form 4?
The filing shows 151 dividend equivalent rights granted at a price of $0 per right. A footnote explains these rights accrue on DSU or RSU grants and become exercisable proportionately with the underlying units, each representing the economic equivalent of one common share.
How many dividend equivalent rights does Brian Sandoval hold in SMG after this transaction?
After this award, Brian Sandoval is reported to hold 787 dividend equivalent rights. The filing states that each dividend equivalent right is economically equivalent to one common share of Scotts Miracle-Gro and is associated with underlying deferred or restricted stock unit grants.
Is the SMG Form 4 transaction a purchase or a grant of securities?
The Form 4 describes the transaction as a grant or award acquisition, coded "A" for acquisition. It reflects 151 dividend equivalent rights awarded in connection with DSU or RSU grants, rather than an open-market purchase of common shares by the director.
How do the SMG dividend equivalent rights reported on this Form 4 become exercisable?
According to the footnote, the dividend equivalent rights accrue on DSU or RSU grants and become exercisable proportionately with those DSUs or RSUs. This means their exercisability follows the same schedule or vesting conditions as the related underlying unit awards.
What economic exposure do SMG dividend equivalent rights provide to Brian Sandoval?
The Form 4 explains that each dividend equivalent right is the economic equivalent of one common share. This gives Brian Sandoval economic exposure similar to owning common shares, linked to his deferred or restricted stock unit grants, without representing direct common stock ownership.