Evans David C 4
Research Summary
AI-generated summary
Scotts Miracle-Gro (SMG) Director David C. Evans Converts 336 RSUs
What Happened
- David C. Evans, a director of Scotts Miracle-Gro Co. (SMG), had 336 restricted stock units convert into 336 common shares on February 3, 2026 (transaction code M = exercise/conversion of a derivative). The filing shows an acquisition via conversion (price N/A) and a simultaneous disposition of 336 shares at $0.00. No cash proceeds are reported.
Key Details
- Transaction date: February 3, 2026; Form 4 filed February 5, 2026 (timely within reporting window).
- Acquired: 336 shares by conversion (price shown as N/A). Disposed: 336 shares at $0.00 (derivative).
- Shares owned after the transaction: not reported in the provided data.
- Footnotes: F1 clarifies that restricted stock units (RSUs) convert one-for-one into common shares. F2 notes a prior grant on Feb 3, 2023 of 2,553 RSUs vesting Feb 3, 2024 (as disclosed in the filing footnotes).
- Filing appears timely; no 10b5-1 plan or late filing indication in the provided data.
Context
- This appears to be a routine RSU conversion with the same number of shares surrendered (disposed at $0.00) — commonly done to satisfy tax-withholding or statutory obligations when RSUs vest. Because the disposed shares show $0 proceeds, there were no cash sales or net cash inflows from this transaction. Routine conversions/withholdings are common and do not necessarily signal a change in the insider’s view of the company.