Two insiders at Scotts Miracle-Gro Co. (NYSE:SMG) submitted Form 4s to the SEC for recent sales of stock, often considered to be a bearish signal for companies. Since officers and directors of companies have the most complete picture of what is going on inside of their organization, their transactions in their own company's stock become useful signals for traders and investors.
Insider Selling by the CFO & EVP
The Executive Vice President and Chief Financial Officer of Scotts Miracle-Gro, Thomas Randal Coleman, has filed two separate Statement of Changes in Beneficial Ownership (Form 4s) with the SEC on May 12th and May 18th to report stock sales of SMG. On May 16th, Mr. Coleman sold 5,112 shares of SMG at a weighted average price of $87.5602 per share. Days prior, on May 10th, Mr. Coleman sold 4,265 shares of SMG at a weighted average price of $89.84 per share. The sales amounted to an divestment of $830,775.3424. Following the transactions, Mr. Coleman beneficially owns 14,090 shares of SMG.
Insider Selling by the CCO & General Counsel
The Corporate Secretary of the Board of Directors and Chief Compliance Officer at Scotts Miracle-Gro, Ivan C. Smith, filed a Form 4 with the SEC on May 18th to report a stock sale of SMG shares. On May 16th, Mr. Smith exercised options to acquire 3,787 shares of SMG at a price of $36.86 per share. Mr. Smith then disposed of the 3,787 shares of SMG at a weighted average price of $87.8397 per share. Following the transactions, Mr. Smith beneficially owns 18,849.0583 shares of SMG.
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