Form 4: Lawrence Kingsley Reports Share Transfer and Vesting of Sponsor Units in Mirion Technologies

Lawrence Kingsley, a director at Mirion Technologies, reports the vesting of sponsor units and subsequent transfer of shares to a revocable trust.

Summary

• On November 4, 2024, Lawrence Kingsley, a director of Mirion Technologies, Inc., had 3,150,000 sponsor units vest due to the Class A Common Stock price exceeding $12.00 for a sustained period.
• On November 5, 2024, Mr. Kingsley transferred 3,150,000 shares of Class A Common Stock to the Lawrence D. Kingsley Revocable Trust for no consideration.
• Following these transactions, Mr. Kingsley directly owns 53,310 shares of Class A Common Stock.
• Mr. Kingsley also indirectly owns shares through the Lawrence D. Kingsley Revocable Trust (3,150,000 shares), the Lawrence D. Kingsley 2015 Family Irrevocable Trust (150,000 shares), and the Diane Kingsley Revocable Trust (350,000 shares).
• The remaining sponsor units held by Mr. Kingsley are subject to performance-vesting conditions, requiring the Class A Common Stock price to exceed $14.00 by October 20, 2026.

Sentiment

Score: 6

Explanation: The document primarily reports transactions related to vested units and share transfers, which are generally neutral events. The vesting of units suggests positive performance, but the document itself is factual and lacks strong positive or negative indicators.

Positives

• The vesting of sponsor units indicates that performance targets related to the stock price have been met.
• The stock price of Mirion Technologies, Inc. met or exceeded $12.00 for at least 20 trading days in a 30 consecutive trading day period.

Risks

• The remaining sponsor units are subject to performance-vesting conditions, and there is no guarantee that the stock price will reach $14.00 by October 20, 2026.
• If the stock price does not reach $14.00 by October 20, 2026, the remaining sponsor units will not vest.

Future Outlook

The remaining sponsor units held by the Reporting Person are subject to both serviceand performance-vesting conditions. The remaining Sponsor Units will performance-vest when the volume weighted average price per share of Class A Common Stock of the Issuer meets or exceeds $14.00 for at least 20 trading days in a 30 consecutive trading day period, provided that such date occurs on or before October 20, 2026.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The vesting of sponsor units and transfer of shares could have a minor impact on shareholder sentiment.
• The transactions do not appear to have a direct impact on employees, customers, suppliers, or creditors.

Key Dates