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

Lawrence D. Kingsley, a director at Mirion Technologies, received 1,679 shares of Class A Common Stock in lieu of a cash retainer for director services.

Summary

• On March 28, 2024, Lawrence D. Kingsley, a director of Mirion Technologies, Inc., acquired 1,679 shares of Class A Common Stock.
• These shares were issued as payment for his quarterly retainer for director services, instead of a cash payment.
• Following the transaction, Kingsley directly owns 38,025 shares of Class A Common Stock.
• He also has indirect ownership of 150,000 shares through the Lawrence D. Kingsley 2015 Family Irrevocable Trust and 350,000 shares through the Diane Kingsley Revocable Trust, but disclaims beneficial ownership except to the extent of his pecuniary interest.
• The filing was signed by Emmanuelle Lee, attorney-in-fact for Lawrence Kingsley, on April 1, 2024.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction related to director compensation. The director taking shares instead of cash is a mildly positive signal.

Positives

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

Future Outlook

There are no explicit forward-looking statements in this document.

Industry Context

Directors often receive compensation in the form of stock to align their interests with those of shareholders. This is a common practice in publicly traded companies.

Comparison to Industry Standards

• Director compensation packages vary widely across industries and company sizes.
• Stock grants are a common component of director compensation, often vesting over a period of years to incentivize long-term commitment.
• Comparing Mirion Technologies' director compensation to that of similar-sized companies in the technology or industrial sectors would provide a more detailed benchmark.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates