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Scotts Miracle-Gro Co. (NYSE:SMG) announced Wednesday it will begin using a new form of restricted stock unit (RSU) award notice for certain employees, including named executive officers, under its Long-Term Incentive Plan. The new form of RSU award notice will be implemented starting Thursday. The company, currently trading at $57.94 and considered undervalued according to InvestingPro Fair Value estimates, has maintained dividend payments for 21 consecutive years with a current yield of 4.56%.
The company disclosed this change in a filing with the Securities and Exchange Commission. According to the statement, the updated notice will be utilized for future awards granted to eligible employees as part of the company’s ongoing compensation and incentive programs.
No additional details regarding the structure or terms of the new RSU awards were included in the filing. Financial statements, pro forma financial information, and details of any acquisitions or transactions were not applicable to this report.
This information is based on a press release statement included in the company’s SEC filing.
In other recent news, Scotts Miracle-Gro reported its fourth-quarter earnings for 2025, slightly exceeding earnings expectations with an earnings per share (EPS) of -$1.96 compared to the forecast of -$1.97. However, the company’s revenue fell short of projections, coming in at $387.4 million against the expected $396.2 million. Despite this revenue miss, strategic initiatives and product innovations were noted as potential drivers for future growth. Stifel upgraded Scotts Miracle-Gro’s stock rating from Hold to Buy, maintaining a $70 price target, citing expectations for the company to align more closely with consumer staples peers. Jefferies also adjusted its price target for the company, raising it to $74.00 from $71.00, while keeping a Buy rating. This adjustment was attributed to a marketing shift and changes in retailer ordering patterns. These developments reflect the company’s recent strategic moves and market assessments by analysts.
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