Form 4: Scotts Miracle-Gro COO Acquires Shares

Nathan Eric Baxter, President and COO of Scotts Miracle-Gro, acquired 19.0186 common shares at $52.58 per share.

Summary

• Nathan Eric Baxter, President and COO, a Director, and a 10% owner of The Scotts Miracle-Gro Company (SMG), acquired common shares.
• On August 25, 2025, Mr. Baxter acquired 19.0186 common shares at a price of $52.58 per share. This transaction was categorized under code 'J V', typically indicating an acquisition through a non-open market transaction such as a compensation plan or dividend reinvestment.
• Following this transaction, Mr. Baxter directly beneficially owns 50,708.5233 common shares.
• Additionally, Mr. Baxter indirectly beneficially owns 36,993 common shares through Hagedorn Partnership, L.P., where he is a general partner. This indirect ownership represents his and family members' proportionate interest in shares held by the Partnership.

Sentiment

Score: 6

Explanation: Slightly positive due to an insider acquisition, which can signal confidence. However, the small, fractional amount and the 'J V' transaction code suggest it is likely a routine acquisition through a compensation plan or similar, rather than a significant discretionary open-market purchase.

Positives

• An insider, Nathan Eric Baxter, acquired additional common shares, which can be seen as a sign of continued confidence in the company's future prospects and alignment with shareholder interests.

Negatives

• The number of shares acquired (19.0186) is relatively small and fractional, suggesting it is likely a routine acquisition through a compensation plan or similar mechanism rather than a significant discretionary open-market purchase, thus limiting its standalone significance.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• The indirect beneficial ownership of 36,993 common shares through Hagedorn Partnership, L.P., where Nathan Eric Baxter is a general partner and family members have an interest, constitutes a related party arrangement for beneficial ownership reporting purposes.

Stakeholder Impact

• Shareholders: May view the insider purchase, even if small and routine, as a positive signal of management's continued belief in the company's value and future prospects.

Key Dates

Recommendation

The acquisition of a very small, fractional number of shares by the President and COO, likely through a compensation plan as indicated by the 'J V' transaction code, is a routine insider reporting event. While it reflects continued participation in the company's equity, it does not represent a significant discretionary investment that would materially alter the investment thesis. Investors should continue to hold based on broader company fundamentals rather than this specific transaction.

Keywords

Scotts Miracle-Gro, SMG, Nathan Eric Baxter, Insider Transaction, Share Acquisition, Common Shares, Form 4, Beneficial Ownership, Hagedorn Partnership