Scotts Miracle-Gro (NYSE: SMG) COO logs minor share change
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Scotts Miracle-Gro president and COO Nathan Eric Baxter reported an administrative change in his holdings of the company’s common shares. The Form 4 lists an “other transaction” involving 90.025 common shares at $55.54 per share, after which his directly held stake is shown as 66,722.4238 common shares.
The filing also updates indirect ownership information. It notes 36,993 common shares held through Hagedorn Partnership, L.P., a Delaware limited partnership where Baxter is a general partner. Under securities rules, he may be deemed a beneficial owner of a proportionate interest in those partnership-held shares.
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 | 90.025 | $55.54 | $5K |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 66,722.424 shares (Direct);
Common Shares — 36,993 shares (Indirect, HPLP)
Footnotes (1)
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FAQ
What does the latest Form 4 for Scotts Miracle-Gro (SMG) report about Nathan Baxter’s holdings?
The Form 4 shows Nathan Eric Baxter recorded an “other transaction” in 90.025 common shares at $55.54. After this update, his direct ownership is reported as 66,722.4238 Scotts Miracle-Gro common shares, with additional indirect holdings through a family partnership.
What type of insider transaction is disclosed for SMG’s president and COO in this Form 4?
The filing classifies the event as an “other transaction” rather than a straightforward purchase or sale. It involves 90.025 common shares at $55.54, indicating a non-standard acquisition or disposition code J under insider reporting rules, without labeling it as a buy or sell.
How are Nathan Baxter’s indirect Scotts Miracle-Gro (SMG) holdings described in the Form 4?
The Form 4 notes an indirect interest in 36,993 common shares held by Hagedorn Partnership, L.P. Baxter is a general partner there and may be deemed a beneficial owner of a proportionate interest, including certain family members’ pecuniary interests in those partnership-held shares.
Does the SMG Form 4 indicate that Nathan Baxter is a more than 10% beneficial owner?
The filing explains that, solely for determining 10% beneficial ownership status, Baxter may be deemed to beneficially own securities held by Hagedorn Partnership, L.P. This is based on his role as a general partner and related family interests in the partnership’s common share holdings.