Johnson Stephen L 4
Research Summary
AI-generated summary
Scotts Miracle‑Gro (SMG) Director Stephen L. Johnson Receives Award
What Happened
- Stephen L. Johnson, a director of Scotts Miracle‑Gro Co. (SMG), was granted 158 derivative units on 2026-06-05 reported as an "A" (award/grant). The filing lists the acquisition as derivative and shows no per‑share price or total dollar value (N/A).
Key Details
- Transaction date: 2026-06-05; Form 4 filed: 2026-06-09 (filed within the two business‑day window).
- Instrument: Award of 158 derivative units (related to DSUs/RSUs); price and total value not disclosed.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnote: Dividend equivalent rights accrued on DSU/RSU grants become exercisable proportionately with those units; each dividend equivalent is the economic equivalent of one common share (Footnote F1).
- No 10b5‑1 plan, tax‑withholding, late‑filing flag, or sale/transfer reported in this transaction.
Context
- These awards appear to be compensation‑related (deferred/derivative units tied to DSUs/RSUs) rather than an open‑market purchase or sale. Dividend‑equivalent units give the economic benefit of dividends and convert as the underlying DSUs/RSUs vest or become exercisable; they do not necessarily indicate a change in the director's trading view.