Form 4: Mirion Technologies Director Kenneth Bockhorst Receives Stock in Lieu of Cash Retainer

Director Kenneth Bockhorst received 2,227 shares of Mirion Technologies Class A Common Stock on March 28, 2024, in lieu of a cash retainer for director services.

Summary

• Kenneth Bockhorst, a director at Mirion Technologies, received 2,227 shares of Class A Common Stock on March 28, 2024.
• The shares were issued as payment for his quarterly retainer for director services, instead of a cash payment.
• Following the transaction, Bockhorst directly owns 55,709 shares of Mirion Technologies Class A Common Stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. A director accepting stock in lieu of cash can be seen as a positive sign of confidence in the company, but it's a routine transaction.

Positives

• The director's decision to receive stock instead of cash may signal confidence in the company's future performance.

Industry Context

Directors receiving stock in lieu of cash compensation is a fairly common practice, particularly in smaller or growth-oriented companies, as it aligns their interests with those of shareholders.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it slightly increases the number of outstanding shares.

Key Dates