Form 4: Scotts Miracle-Gro COO Nathan Baxter Acquires Additional Shares Under 10b5-1 Plan

Nathan Eric Baxter, President and COO of Scotts Miracle-Gro Co., acquired 93.7383 common shares at $53.34 per share, increasing his direct beneficial ownership to 50,602.6841 shares.

Summary

• Nathan Eric Baxter, who serves as President and COO, Director, and a 10% owner of Scotts Miracle-Gro Co. (SMG), acquired additional common shares.
• The transaction involved the acquisition of 93.7383 common shares at a price of $53.34 per share.
• This acquisition was executed on June 25, 2025, and was made pursuant to a Rule 10b5-1(c) plan.
• Following this transaction, Nathan Eric Baxter's direct beneficial ownership of common shares increased to 50,602.6841.
• He also maintains an indirect beneficial ownership of 36,993 common shares through Hagedorn Partnership, L.P. (HPLP), where he is a general partner, representing his and certain family members' proportionate interest.

Sentiment

Score: 7

Explanation: The acquisition of shares by a high-ranking insider, especially one who is also a significant owner, generally indicates confidence in the company's prospects, which is a positive signal for investors.

Positives

• An insider, specifically the President and COO, Director, and a 10% owner, acquired additional shares, which can signal confidence in the company's future prospects.
• The acquisition was made under a Rule 10b5-1(c) plan, indicating a pre-planned transaction rather than a reaction to immediate market conditions.

Future Outlook

The document does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This Form 4 filing details an insider transaction, which is a routine disclosure for publicly traded companies. It does not provide broader industry context or trends.

Related Party Transactions

• Nathan Eric Baxter's indirect beneficial ownership of 36,993 common shares is held through Hagedorn Partnership, L.P. (HPLP), a Delaware limited partnership in which he is a general partner. This represents his aggregate proportionate interest and that of family members in whose holdings he may be deemed to have a pecuniary interest.

Stakeholder Impact

• Shareholders may view the insider acquisition as a positive signal of management's confidence in the company's valuation and future performance.

Key Dates

Recommendation

Keywords

Scotts Miracle-Gro, SMG, Nathan Baxter, Insider Trading, Form 4, Share Acquisition, Beneficial Ownership, 10b5-1 Plan, Corporate Governance, SEC Filing