Form 4: Mirion Technologies' Chief Legal Officer Executes Stock Transactions Under 10b5-1 Plan

Emmanuelle Lee, Chief Legal Officer of Mirion Technologies, reports transactions involving Class A and Class B Common Stock, executed under a pre-arranged 10b5-1 trading plan.

Summary

• On September 24, 2024, Emmanuelle Lee, the Chief Legal Officer of Mirion Technologies, engaged in transactions involving the company's Class A and Class B Common Stock.
• 5,000 shares of Class B Common Stock were disposed of by the Lee Revocable Living Trust, resulting in the acquisition of 5,000 shares of Class A Common Stock through a one-for-one redemption.
• An additional 5,000 shares of Class A Common Stock were sold at a weighted average price of $10.5968, with individual sales ranging from $10.36 to $10.75.
• These transactions were executed under a Rule 10b5-1 trading plan adopted by the Lee Trust on March 7, 2024.
• Following these transactions, Lee indirectly owns 36,153 shares of Class B Common Stock and directly owns 101,272 shares of Class A Common Stock and 138,193 shares of Class B Common Stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as the transactions are part of a pre-planned trading strategy and do not necessarily indicate a change in the executive's confidence in the company.

Positives

• The transactions were executed under a pre-arranged 10b5-1 trading plan, which can mitigate concerns about insider trading.

Risks

• Executive stock sales can sometimes be perceived negatively by investors, although the 10b5-1 plan mitigates this concern.

Future Outlook

The reporting person may continue to execute transactions under the 10b5-1 trading plan.

Industry Context

Insider trading activity is closely monitored, and the use of 10b5-1 plans is a common practice to allow insiders to trade company stock while avoiding accusations of trading on non-public information.

Comparison to Industry Standards

• The use of 10b5-1 trading plans is a common practice among corporate executives at companies like Mirion Technologies to manage their stock holdings in compliance with insider trading regulations.
• Similar filings are routinely made by officers and directors at comparable companies such as Teledyne Technologies and AMETEK, Inc., disclosing stock transactions executed under pre-arranged trading plans.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership of Class A and Class B shares, but the 10b5-1 plan should mitigate concerns.

Key Dates