Scotts Miracle-Gro (SMG) Director Roberto Candelino Receives Award

What Happened Roberto Candelino, a director of Scotts Miracle-Gro Co. (SMG), was granted 77 share-equivalent derivative awards on 2026-09-04 (transaction code A — grant/award). The Form 4 shows these as derivative awards (no per-share cash price reported). This is a compensation award (likely RSUs or DSUs) rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-09-04; Form 4 filed: 2026-09-09 (5 days after the transaction). This may be outside the typical 2-business-day Form 4 reporting window.
• Transaction type: A = Grant/Award of derivative securities (RSU/DSU style).
• Shares granted: 77; price: N/A; total value: not disclosed in the filing.
• Shares owned after transaction: Not reported in the provided filing excerpt.
• Notable footnote (F1): Dividend equivalent rights accrued on the DSU/RSU grants and become exercisable proportionately with the underlying awards; each dividend equivalent right is the economic equivalent of one common share.
• No indication in the provided data of a 10b5-1 plan, tax withholding sales, or cashless exercise.

Context Derivative awards like RSUs/DSUs are common director compensation and do not by themselves indicate a purchase-based bullish signal. They typically vest over time and may include dividend equivalents (as noted). Retail investors monitoring insider activity should weigh grants differently than open-market purchases or sales.