Scotts Miracle-Gro Chairman Adds to Position in Latest Form 4
Rhea-AI Filing Summary
Scotts Miracle-Gro (SMG) – Form 4 filing for Chairman & CEO James Hagedorn
On 07/25/2025 Hagedorn acquired 34.7283 common shares (Transaction Code “J”, typically dividend reinvestment/other acquisition) at $57.59 per share. His direct holdings increased to 79,728.8776 shares.
He also reports
- 29,413.378 shares held indirectly through the company 401(k) plan
- 1,231,147 shares held indirectly via Hagedorn Partnership, L.P.
The acquisition is immaterial in size (≈ 0.04% of total direct + indirect stake) but reinforces an insider buying, rather than selling, signal.
Positive
- Insider acquisition: CEO James Hagedorn bought shares rather than selling, indicating continued alignment with common shareholders.
Negative
- None.
Insights
TL;DR: Small insider buy, immaterial to float, modestly positive sentiment.
Hagedorn’s 34-share acquisition adds only ~$2k to his already large position (>1.3 M shares). The “J” code indicates automatic or non-open-market purchase, so price discovery impact is minimal. Still, the absence of selling by a long-tenured CEO can be viewed as a soft confidence signal, especially after recent share weakness. From a liquidity perspective the trade is immaterial; therefore market impact should be negligible.
TL;DR: Filing shows accurate disclosure; no governance red flags.
The Form 4 complies with Section 16 reporting timelines and correctly aggregates indirect interests through the Hagedorn Partnership and 401(k). No complex derivatives or accelerated sales are present, lowering governance risk. Investors should note Hagedorn’s >10% status continues, preserving alignment but also high insider influence on shareholder votes.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Shares | 34.728 | $57.59 | $2K |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Footnotes (1)
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