HAGEDORN JAMES 4

What Happened
James Hagedorn, reported as a 10% owner of Scotts Miracle‑Gro Co. (SMG), recorded two acquisitions. On 2026-05-26 he received a grant/award of 1,507.024 phantom shares (derivative award) valued at $59.94 each, totaling $90,331. On 2026-04-30 he acquired 39.185 common shares at $51.04 each for $2,000. Both entries are acquisitions (not sales), which are simply insider buys/awards and not evidence of future performance.

Key Details

• Transactions:
  • 2026-05-26 — Grant/Award (code A): 1,507.024 phantom shares @ $59.94 = $90,331 (derivative award).
  • 2026-04-30 — Other acquisition/disposition (code J): 39.185 common shares @ $51.04 = $2,000.
• Shares owned after transaction: Not specified in this filing.
• Footnotes of note:
  • F1: Hagedorn may be deemed beneficial owner of Partnership-held shares via Hagedorn Partnership, L.P. (he is a general partner).
  • F2: Each phantom share equals the right to one common share or its cash value.
  • F3: Phantom shares are payable in cash upon termination; they can be moved into an alternative investment at any time.
• Filing timeliness: No late filing flag shown in the provided data.

Context

• The 1,507-share item is a derivative "phantom stock" award (not an immediate issuance of common shares). Phantom shares represent a right to value (or a share) later and are often settled in cash per the footnote.
• The smaller 39.185-share acquisition appears to be a straightforward purchase/allocation and is routine for insiders/partnership interests.
• As a reported 10% owner, some holdings reflect partnership-level ownership rather than only personal open-market trading; that distinction matters when interpreting insider intent.

This summary is factual and does not speculate about motivations. Purchases/awards are often viewed more positively by investors than sales, but they do not guarantee future stock performance.