Scotts Miracle-Gro (NYSE: SMG) COO reports minor restructuring of share ownership
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SCOTTS MIRACLE-GRO CO President and COO Nathan Eric Baxter, who is also a more than 10% owner, reported a small "other" transaction in company common shares. On May 29, 2026, a Form 4 entry classified as "other acquisition or disposition" covered 98.951 common shares at $50.53 per share, updating his direct holdings to 61,113.7948 common shares. A separate entry records 36,993 common shares held indirectly through Hagedorn Partnership, L.P., reflecting the aggregate proportionate interest of Baxter and certain family members in that partnership. The filing reflects routine ownership reporting and entity-related restructuring rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Baxter Nathan Eric
Role
President and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Shares | 98.951 | $50.53 | $5K |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 61,113.795 shares (Direct, null);
Common Shares — 36,993 shares (Indirect, HPLP)
Footnotes (1)
- [object Object]
Key Figures
Restructuring shares: 98.951 common shares
Restructuring price: $50.53 per share
Direct holdings after transaction: 61,113.7948 common shares
+1 more
4 metrics
Restructuring shares
98.951 common shares
J-code other acquisition or disposition on May 29, 2026
Restructuring price
$50.53 per share
Price associated with 98.951 common shares
Direct holdings after transaction
61,113.7948 common shares
Total direct shares following J-code transaction
Indirect partnership-related holdings
36,993 common shares
Indirect interest via Hagedorn Partnership, L.P.
Key Terms
Exchange Act Rule 16a-1(a)(1), beneficial owner, pecuniary interest, Hagedorn Partnership, L.P., +1 more
5 terms
Exchange Act Rule 16a-1(a)(1) regulatory
"Pursuant to Exchange Act Rule 16a-1(a)(1), the reporting person may be deemed..."
beneficial owner financial
"may be deemed, solely for purposes of determining whether he is a beneficial owner of more than 10%..."
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
pecuniary interest financial
"those family members in whose holdings he may be deemed to have a pecuniary interest..."
Hagedorn Partnership, L.P. financial
"securities of the Issuer that are held by Hagedorn Partnership, L.P., a Delaware limited partnership..."
Other acquisition or disposition financial
"transaction_code_description": "Other acquisition or disposition""
FAQ
What insider transaction did SMG executive Nathan Eric Baxter report on May 29, 2026?
Nathan Eric Baxter reported an "other acquisition or disposition" of 98.951 common shares of Scotts Miracle-Gro at $50.53 per share. The Form 4 classifies this as a restructuring-type event, not an open-market buy or sell transaction.
What indirect holdings in SMG does Nathan Eric Baxter report through Hagedorn Partnership, L.P.?
The Form 4 shows 36,993 common shares of Scotts Miracle-Gro held indirectly through Hagedorn Partnership, L.P.. This represents the aggregate proportionate interest of Baxter and certain family members in the partnership’s common share holdings.
Why is Hagedorn Partnership, L.P. mentioned in Nathan Eric Baxter’s SMG Form 4?
Hagedorn Partnership, L.P. is disclosed because some SMG common shares are held through this partnership. Under Exchange Act Rule 16a-1(a)(1), Baxter may be deemed a beneficial owner of a proportionate interest in those shares for 10% ownership reporting purposes.