Hanft Adam 4

What Happened

• Adam Hanft, a director of Scotts Miracle‑Gro Co. (SMG), received an award of 121 shares classified as a derivative acquisition (Form 4 code A) on June 5, 2026. No cash price is reported for the grant (price listed as N/A), indicating these are equity awards (e.g., RSUs or DSUs) rather than an open‑market purchase.
• The filing notes dividend equivalent rights accrue on the DSU/RSU grants and become exercisable proportionately; each dividend equivalent is the economic equivalent of one common share.

Key Details

• Transaction date: 2026-06-05; Form 4 filed: 2026-06-09 (timely within the two business‑day filing window).
• Shares granted: 121 (derivative awards; price N/A).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote: dividend equivalents accrue and vest proportionately with the underlying DSUs/RSUs.
• Transaction code: A = Award/Grant (derivative), not a purchase (P) or sale (S).

Context

• This was an equity award to a director, not an open‑market buy or sale; such grants are common for director compensation and do not by themselves indicate a vote of confidence or negative signal.
• Because these are derivative awards (RSUs/DSUs with dividend equivalents), they typically convert to common shares only upon vesting or settlement per the grant terms.