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Insider Selling by CFO & Executive VP at Scotts Miracle-Gro

May 22, 2017

 

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. 

 

Conclusion

 

To learn more about Scotts Miracle-Gro Co. be sure to check out the company's profile in our marijuana stocks database. To check out other companies operating in the ag-tech cannabis space, check out our sector database

 

Also, be sure to subscribe to one or more of our free newsletters so you never miss an important update. If you haven't already, connect with The Daily Marijuana Observer on Facebook, Twitter, and Instagram

 

D/M/O

 

Disclosure:

 

 I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

 I have no business relationship with any company whose stock is mentioned in this article.

 

Disclaimer

 

The publishers of DailyMarijuanaObserver.com are not registered as Investment Advisors or Broker-Dealers in any jurisdiction whatsoever. The information contained on DailyMarijuanaObserver.com (“this site”) has been prepared solely for informational purposes. Nothing on the site is an offer or solicitation to buy or sell securities. Investors should seek financial advice regarding the appropriateness of investing in any securities mentioned from their financial advisor.

 

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