Insider Trends: 90-Day Insider Selling Trend Prolonged at The Scotts Miracle-Gro
02:20 PM EST, 02/05/2021 (MT Newswires) -- James Hagedorn, 10% Owner, Director and Chairman & CEO, reported a sale of 14,544 shares in The Scotts Miracle-Gro (SMG) on Feb 04, 2021, for $3,409,308. Subsequent to the Form 4 filing with the SEC, Hagedorn has control over 1,901,752 shares of company stock of which 63,087 shares are held directly and 1,838,665 are controlled indirectly. These holdings have an approximate market value of $450.0 million as of the prior-day closing price.
Over the last 90 days, previous to the date of this filing, there have been 33 insider transactions reported to the SEC for The Scotts Miracle-Gro. These transactions came from the activities of 16 separate insiders that resulted in a net disposition of 41,652 company shares. In the preceding 90-day window of time, there were 15 transactions from 6 insiders that resulted in the net acquisition of 708 shares.
This is less than the average level of insider transactions in the 19-company Agricultural Chemicals peer group over the last 90-day period. Within the peer group activity averaged 70.5 transactions per company, with company insiders acquiring on average 190,111 shares.
SEC Story Link http://www.sec.gov/Archives/edgar/data/825542/000144398421000071/xslF345X03/wf-form4_161255270360067.xml
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