Baxter Nathan Eric 4
Research Summary
AI-generated summary
Scotts Miracle‑Gro (SMG) 10% Owner Nathan Baxter Acquires 97.962 Shares
What Happened
Nathan Eric Baxter, reported as a 10% owner of Scotts Miracle‑Gro Co. (SMG), recorded an acquisition of 97.962 common shares on April 30, 2026. The shares were acquired at $51.04 per share for a total reported value of $5,000. The Form 4 lists the transaction as an "Other acquisition or disposition (J)" but shows an acquisition.
Key Details
- Transaction date and price: 2026-04-30, 97.962 shares at $51.04 per share (total $5,000).
- Filing date: Form 4 filed 2026-05-28 (filed well after the usual 2-business-day reporting window).
- Shares owned after transaction: Not specified on the filing; Baxter is reported as a >10% beneficial owner via a partnership.
- Footnote: The filing states Baxter may be deemed a beneficial owner of shares held by Hagedorn Partnership, L.P., in which he is a general partner (Exchange Act Rule 16a-1(a)(1)).
- Transaction code: J (other acquisition/disposition) — here reported as an acquisition.
Context
This is a small-dollar purchase (~$5k) by a 10% owner via a partnership structure; such purchases can be informative but do not, by themselves, indicate management sentiment. The late filing means the market saw the trade only after a delay from the transaction date.