Form 4: Scotts Miracle-Gro CEO James Hagedorn Increases Direct Shareholdings

Scotts Miracle-Gro Chairman and CEO James Hagedorn reported recent acquisitions of company common shares, increasing his direct beneficial ownership.

Summary

• James Hagedorn, Chairman & CEO of The Scotts Miracle-Gro Company (SMG), filed a Form 4 detailing changes in his beneficial ownership.
• On May 23, 2025, Mr. Hagedorn acquired 40.1526 common shares at a price of $49.81 per share.
• On June 6, 2025, he acquired an additional 97.942 common shares at a price of $65.0446 per share.
• Following these transactions, his direct beneficial ownership stands at 79,656.654 common shares.
• Mr. Hagedorn also holds indirect beneficial ownership of 29,413.378 common shares through a 401(K) Plan.
• Additionally, he has indirect beneficial ownership of 1,231,147 common shares through Hagedorn Partnership, L.P. (HPLP), where he is a general partner, and may be deemed a beneficial owner for purposes of determining 10% ownership.

Sentiment

Score: 7

Explanation: The acquisition of shares by the Chairman & CEO is generally a positive signal, indicating confidence in the company. However, the relatively small volume of shares acquired suggests a routine transaction rather than a major strategic investment.

Positives

• Chairman & CEO James Hagedorn increased his direct beneficial ownership in the company through recent share acquisitions, signaling continued confidence in the company's prospects.
• The acquisitions demonstrate further alignment of management's interests with those of shareholders.

Negatives

• No specific negative information was disclosed in this Form 4 filing.

Risks

• This Form 4 filing does not contain information regarding company-specific risks.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding the company's future outlook.

Management Comments

• This Form 4 filing does not contain direct management comments or quotes.

Industry Context

This Form 4 filing pertains to specific insider share transactions and does not provide information on broader industry trends or competitive analysis.

Comparison to Industry Standards

• This Form 4 filing details specific insider transactions and does not provide data for comparison to industry-wide financial or operational benchmarks.

Related Party Transactions

• James Hagedorn's indirect beneficial ownership includes 1,231,147 common shares held by Hagedorn Partnership, L.P. (HPLP), a Delaware limited partnership where he is a general partner. This is disclosed for purposes of determining 10% beneficial ownership.

Stakeholder Impact

• Shareholders may view the Chairman & CEO's increased shareholdings as a positive sign of management's commitment and alignment with shareholder interests.

Next Steps

• This filing does not specify future actions, events, or milestones for the company.

Key Dates

Recommendation

Keywords

Scotts Miracle-Gro, SMG, James Hagedorn, Insider Trading, Form 4, Share Acquisition, Beneficial Ownership, CEO, Chairman