Hagedorn Christopher, EVP & Chief of Staff at Scotts Miracle-Gro (SMG), has filed 48 Form 4 transactions over the past year, all in the single ticker. The pattern is overwhelmingly one of compensation-driven activity rather than discretionary trading. Across the entire period, there are zero open-market purchases (code P) and zero open-market sales (code S), with total buy value of $0 and total sell value of $255,115.13. The only cash-generating event was a tax-withholding disposition (code F) on February 3, 2026, valued at $164,829.72, and a larger one on November 13, 2025, at $363,948.80 — both automatic withholdings tied to equity vesting, not discretionary sales.
The bulk of the filings are code J transactions, which represent a change in the form of ownership and carry no cash value. These recur monthly at roughly $217 per event, appearing consistently from July 2025 through June 2026, including two on several dates such as February 27, 2026, and January 30, 2026. Two code A grants (awards) were recorded on January 30, 2026, and November 13, 2025, each with a $0 transaction value, indicating new equity compensation. The only other activity was a small code J on September 5, 2025, at $165.85, slightly below the standard $217 level, suggesting a minor adjustment.
The data reveals no directional bias: Hagedorn has not bought or sold a single share on the open market. His Form 4 history is entirely mechanical — recurring monthly ownership adjustments, periodic equity grants, and tax withholdings on vesting. Total acquired value of $7,437.19 reflects nominal compensation, while the $255,115.13 in sell-side value is purely the tax obligation on vested shares. There is no evidence of conviction buying or opportunistic selling; the pattern is consistent with a senior executive whose holdings are managed through automatic corporate processes.
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