Baxter Nathan Eric 4

What Happened Baxter Nathan Eric, reported as a 10% owner of Scotts Miracle‑Gro Co. (SMG), acquired 90.025 shares of SMG on February 27, 2026 at $55.54 per share, a transaction valued at approximately $5,000. The Form 4 lists the transaction as code "J" (other acquisition or disposition), indicating a non-standard acquisition type rather than a straightforward open‑market purchase or option exercise.

Key Details

• Transaction date and price: 2026-02-27 — 90.025 shares at $55.54 per share (total ≈ $5,000).
• Filing date: 2026-03-09 (appears to be filed about 10 days after the transaction).
• Shares owned after transaction: Not specified in the filing.
• Transaction code: J — "Other acquisition or disposition" (not a standard buy/sell code).
• Footnote: The filing notes (F1) that the reporting person may be deemed a beneficial owner of partnership‑held shares (Hagedorn Partnership, L.P.) due to his role as a general partner; the reported interest represents an aggregate proportionate interest in partnership holdings.

Context

• This is a small-dollar acquisition (≈$5K), so while it is a purchase it is modest in size and may reflect a mechanical or partnership allocation rather than a strong personal market bet.
• As a 10% owner, Baxter’s holdings reflect partnership and institutional ownership considerations, which can differ from executive trading in motivation and reporting.
• The filing date lag may warrant attention; Form 4s for Section 16 filers are generally required within two business days, so the later filing could reflect a delayed report.