Scotts Miracle-Gro (SMG) director gets 105 new dividend equivalent rights
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kingdon Mark D reported acquisition or exercise transactions in this Form 4 filing.
SCOTTS MIRACLE-GRO CO director Mark D. Kingdon reported an award of 105 Dividend Equivalent Rights on common shares. These rights accrued on DSU or RSU grants at a price of $0.0000 per right, bringing his directly held Dividend Equivalent Rights to 552 following the transaction.
Each Dividend Equivalent Right is the economic equivalent of one common share and becomes exercisable proportionately with the related DSUs or RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kingdon Mark D
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 did SMG director Mark D. Kingdon report on this Form 4?
Mark D. Kingdon reported receiving an award of 105 Dividend Equivalent Rights. These rights relate to DSU or RSU grants and are economically equivalent to common shares of Scotts Miracle-Gro, increasing his directly held Dividend Equivalent Rights balance to 552 after the transaction.
What are Dividend Equivalent Rights in the SMG Form 4 filing?
Dividend Equivalent Rights are instruments that accrue on DSU or RSU grants. Each right is the economic equivalent of one common share of Scotts Miracle-Gro and becomes exercisable proportionately with the underlying DSUs or RSUs as they vest or become exercisable.
How many Dividend Equivalent Rights does Mark D. Kingdon hold after this SMG transaction?
After this transaction, Mark D. Kingdon directly holds 552 Dividend Equivalent Rights. The filing shows he acquired 105 additional rights at a price of $0.0000 per right, reflecting a grant or award acquisition rather than an open-market purchase or sale.
Was the SMG Form 4 transaction a purchase or sale of common stock?
The Form 4 reports a grant or award of Dividend Equivalent Rights, coded as an acquisition (A). It does not show an open-market buy or sell of common shares, but rather an increase in derivative-based rights tied to existing DSU or RSU grants.
How is the value of SMG Dividend Equivalent Rights determined?
Each Dividend Equivalent Right is described as the economic equivalent of one common share of Scotts Miracle-Gro. The rights accrue on DSU or RSU grants and follow those awards, becoming exercisable proportionately with the underlying DSUs or RSUs over time.