Form 4: Mirion Technologies CEO Thomas Logan Executes Stock Transactions Under 10b5-1 Plan
SEC Form 4
Mirion Technologies CEO Thomas Logan reports transactions involving Class A and Class B common stock, executed through a 10b5-1 trading plan by Aere Perennius, LLC.
Summary
- Thomas D. Logan, CEO of Mirion Technologies, reported changes in beneficial ownership of the company's stock.
- On June 24, 2024, 7,500 shares of Class B common stock were redeemed for 7,500 shares of Class A common stock.
- Simultaneously, 7,500 shares of Class A common stock were sold at an average price of $10.89, with prices ranging from $10.80 to $10.93.
- These transactions were executed under a pre-arranged 10b5-1 trading plan adopted by Aere Perennius, LLC on February 27, 2024.
- Following these transactions, Logan indirectly owns 2,581,371 shares of Class B common stock through Aere Perennius, LLC.
- He also indirectly owns 0 shares of Class A common stock through Aere Perennius, LLC.
- Logan directly owns 755,790 shares of Class A common stock and 1,544,017 shares of Class B common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, as it simply reports facts.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company insider. It is common for executives to use 10b5-1 plans to automate stock sales and avoid accusations of insider trading.
Stakeholder Impact
- The transactions may have a minor impact on shareholders, depending on the overall market perception of insider selling.
- The impact on employees, customers, suppliers, and creditors is likely to be negligible.
Key Dates
| Date | Description |
|---|---|
| February 27, 2024 | Aere Perennius, LLC adopted a Rule 10b5-1 trading plan. |
| June 24, 2024 | 7,500 shares of Class B common stock were redeemed for Class A common stock, and 7,500 shares of Class A common stock were sold. |
| June 25, 2024 | Date of signature for the Form 4 filing. |
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