Scotts Miracle-Gro (SMG) Director Adam Hanft Receives 118-Share Award

What Happened

• Adam Hanft, a director of SCOTTS MIRACLE-GRO CO (SMG), was granted 118 derivative shares as an award on 2026-09-04. The Form 4 classifies the transaction as an "A" (award/grant) and lists the shares as derivative (no purchase price provided). No dollar value or exercise price is reported.

Key Details

• Transaction date: 2026-09-04
• Filing date (Accession): 2026-09-09 (filed 5 days after the transaction)
• Transaction type/code: Award/Grant (A) — derivative securities (likely DSUs/RSUs)
• Shares acquired: 118 (price listed as N/A)
• Shares owned after transaction: Not specified in the provided filing
• Footnote: Dividend equivalent rights accrued on the DSU/RSU grants become exercisable proportionately with the underlying units; each dividend equivalent equals the economic equivalent of one common share.
• Timeliness: Filing occurred 5 days after the reported transaction date (appears later than the typical 2-business-day Form 4 deadline).

Context

• This was an award of derivative units (likely director RSUs or DSUs with dividend equivalents), not an open-market purchase or sale. Such grants are a common form of director compensation and do not necessarily indicate the insider is buying or selling stock based on company outlook. The derivative nature means the economic value typically vests or converts into shares (or cash) later per the plan terms.