Form 4: Mirion Technologies CFO Sells Over $1.3 Million in Class A Common Stock Under 10b5-1 Plan

Mirion Technologies, Inc.'s Chief Financial Officer, Brian Schopfer, reported the sale of 75,000 shares of Class A common stock for approximately $1.37 million, following a conversion of Class B shares, all executed under a pre-arranged 10b5-1 trading plan.

Summary

• Brian Schopfer, Chief Financial Officer of Mirion Technologies, Inc. (MIR), reported several stock transactions on May 21, 2025.
• Mr. Schopfer acquired 75,000 shares of Class A common stock of Mirion Technologies.
• This acquisition was a result of the redemption of 75,000 shares of Class B common stock of Mirion IntermediateCo, Inc. held by Mr. Schopfer.
• In connection with the redemption, 75,000 shares of Mirion Technologies' Class B common stock held by Mr. Schopfer were canceled.
• On the same date, May 21, 2025, Mr. Schopfer sold 75,000 shares of Class A common stock at a price of $18.2667 per share.
• All reported transactions were executed pursuant to a Rule 10b5-1 trading plan adopted by Mr. Schopfer on February 19, 2025.
• Following these transactions, Mr. Schopfer beneficially owns 919,432 shares of Class A Common Stock and 574,935 shares of Class B Common Stock.

Sentiment

Score: 4

Explanation: The sale of shares by a key executive like the CFO, even under a pre-arranged plan, can be interpreted negatively by the market as it might suggest a lack of strong conviction in the company's immediate future performance, despite the routine nature of 10b5-1 plans.

Positives

• The transactions were conducted under a Rule 10b5-1 trading plan, which indicates pre-planning and can help mitigate concerns about opportunistic insider selling.

Negatives

• The Chief Financial Officer sold 75,000 shares of Class A common stock, which can be perceived as a negative signal by investors, despite being executed under a pre-arranged plan.
• The sale generated approximately $1,370,002.50 in proceeds for the CFO.

Risks

• Insider selling, even when conducted under a Rule 10b5-1 plan, can sometimes be interpreted by the market as a lack of confidence in the company's near-term prospects, potentially leading to negative stock price movement or investor sentiment.

Future Outlook

NA

Management Comments

• "The Issuer issued 75,000 shares of Class A common stock of the Issuer to the reporting person pursuant to a redemption of 75,000 shares of Class B common stock of Mirion IntermediateCo, Inc. held by the reporting person effectuated pursuant to a 10b5-1 plan adopted by the reporting person on February 19, 2025."
• "In connection with such redemption the Issuer canceled 75,000 shares of Class B common stock of the Issuer held by the reporting person."
• "The sales reported on this Form 4 were effectuated pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 19, 2025."

Industry Context

This filing is specific to insider transactions at Mirion Technologies, Inc. and does not provide broader industry context or trends.

Corporate Governance

Related Party Transactions

• The redemption of 75,000 shares of Class B common stock of Mirion IntermediateCo, Inc. for 75,000 shares of Class A common stock of Mirion Technologies, Inc. involves an internal corporate restructuring related to the company's capital structure and the CFO's holdings.

Stakeholder Impact

• Shareholders: May view the CFO's stock sale as a negative signal, potentially influencing investor sentiment and stock price, despite the 10b5-1 plan.

Key Dates

Recommendation

Keywords

Mirion Technologies, MIR, Brian Schopfer, CFO, Form 4, insider trading, stock sale, 10b5-1 plan, beneficial ownership, Class A common stock, Class B common stock