Scotts Miracle-Gro Co (SMG) insider granted dividend equivalent rights
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Scotts Miracle-Gro Co director and major shareholder Katherine Littlefield Hagedorn reported an award of derivative securities tied to the company’s common stock. On the reported date, she acquired 33 dividend equivalent rights at a price of $0.00 per right, bringing her holdings of these rights to 33.
According to the disclosure, these dividend equivalent rights accrue on deferred or restricted stock unit grants and become exercisable in step with the underlying DSUs or RSUs. Each right is described as being economically equivalent to one common share of Scotts Miracle-Gro.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HAGEDORN KATHERINE LITTLEFIELD
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights | 33 | $0.00 | -- |
Holdings After Transaction:
Dividend Equivalent Rights — 33 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did SMG’s Katherine Littlefield Hagedorn report on this Form 4?
Katherine Littlefield Hagedorn reported receiving 33 dividend equivalent rights tied to Scotts Miracle-Gro common stock. These derivative awards were acquired at a price of $0.00 per right and are tied to existing DSU or RSU grants, following their same vesting and exercisability schedule.
What are the dividend equivalent rights reported for Scotts Miracle-Gro (SMG)?
The filing describes dividend equivalent rights that accrue on DSU or RSU grants and vest proportionately with those units. Each dividend equivalent right is stated to be the economic equivalent of one Scotts Miracle-Gro common share, giving the holder value similar to owning a single share.
How many dividend equivalent rights does the SMG insider hold after this Form 4 transaction?
After the reported transaction, Katherine Littlefield Hagedorn is shown as holding a total of 33 dividend equivalent rights. This matches the number acquired in the filing, indicating this award established or increased her position in these derivative rights to 33 units in total.
Did Scotts Miracle-Gro (SMG) insider Katherine Hagedorn buy or sell common stock in this Form 4?
This Form 4 does not show a common stock purchase or sale. Instead, it reports that Katherine Littlefield Hagedorn acquired 33 dividend equivalent rights linked to DSU or RSU grants, with each right economically equivalent to one common share of Scotts Miracle-Gro.
How do the SMG dividend equivalent rights become exercisable for the reporting insider?
The disclosure states that the dividend equivalent rights become exercisable proportionately with the DSUs or RSUs to which they relate. That means their exercisability follows the same schedule as the underlying deferred or restricted stock units, rather than vesting independently on a separate timetable.