Form 4: Mirion Technologies Director Lawrence Kingsley Receives Stock in Lieu of Cash Retainer

Director Lawrence Kingsley received 1,785 shares of Mirion Technologies Class A Common Stock on June 28, 2024, as part of his quarterly retainer.

Summary

• On June 28, 2024, Lawrence D. Kingsley, a director of Mirion Technologies, Inc., acquired 1,785 shares of Class A Common Stock.
• These shares were issued in connection with his election to receive his quarterly retainer for director services in the form of vested shares rather than cash.
• Following the transaction, Kingsley directly owns 53,310 shares of Class A Common Stock.
• He also has indirect ownership through the Lawrence D. Kingsley 2015 Family Irrevocable Trust (150,000 shares) and the Diane Kingsley Revocable Trust (350,000 shares).
• Kingsley disclaims beneficial ownership of the shares held by the trusts except to the extent of his pecuniary interest therein.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of an insider transaction. The director receiving stock in lieu of cash could be seen as a slightly positive sign of confidence, but it's not a major event.

Positives

• The director's decision to take shares instead of cash shows confidence in the company's future.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company directors. It's common for directors to receive stock as part of their compensation.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash and stock.
• The specific amount of stock awarded varies widely based on company size, performance, and industry benchmarks.
• Comparing Kingsley's compensation to that of directors at similar-sized technology companies would provide a better understanding of its relative value.
• Companies like Teledyne Technologies Incorporated and AMETEK, Inc. are comparible companies in the same industry.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It provides transparency to shareholders regarding director compensation.

Key Dates