Mirion CEO has shares withheld for RSU taxes
Mirion Technologies, Inc. Chief Executive Officer Thomas D. Logan reported a tax-related share withholding tied to vesting equity awards.
Rhea-AI Filing Summary
Mirion Technologies, Inc. Chief Executive Officer Thomas D. Logan reported a tax-related share withholding tied to vesting equity awards. On the vesting of previously granted restricted stock units, 22,614 shares of Class A Common Stock were withheld at $18.59 per share to satisfy tax withholding obligations under a pre-adopted company policy. This withholding is described as mandated by the issuer and not a discretionary trade by Logan.
After this event, Logan holds 364,060 shares of Class A Common Stock directly, 1,544,017 shares of Class B Common Stock directly, and 3,205,378 shares of Class A Common Stock indirectly through the Logan Family Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 22,614 shares
Exercise Price or Tax Liability
3 txns
Insider
Logan Thomas D
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 22,614 | $18.59 | $420K |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 364,060 shares (Direct);
Class B Common Stock — 1,544,017 shares (Direct);
Class A Common Stock — 3,205,378 shares (Indirect, Logan Family Trust)
Footnotes (1)
- F1. Represents shares that have been withheld by the Issuer in satisfaction of tax withholding obligations in connection with the vesting of restricted stock units (RSUs) previously granted to the Reporting Person. Such withholding was mandated by the Issuer by a policy adopted in advance and does not represent a discretionary trade by the Reporting Person.
Key Figures
Tax-withheld shares: 22,614 shares
Withholding price per share: $18.59 per share
Direct Class A holdings after event: 364,060 shares
+2 more
5 metrics
Tax-withheld shares
22,614 shares
Class A Common Stock withheld to satisfy tax obligations on RSU vesting
Withholding price per share
$18.59 per share
Price applied to 22,614 withheld Class A shares
Direct Class A holdings after event
364,060 shares
Class A Common Stock held directly by Thomas D. Logan after withholding
Direct Class B holdings
1,544,017 shares
Class B Common Stock held directly by Thomas D. Logan
Indirect Class A holdings via trust
3,205,378 shares
Class A Common Stock held indirectly through the Logan Family Trust
Key Terms
restricted stock units (RSUs), tax withholding obligations, Logan Family Trust, tax-withholding disposition
4 terms
restricted stock units (RSUs) financial
"in connection with the vesting of restricted stock units (RSUs) previously granted"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
tax withholding obligations financial
"withheld by the Issuer in satisfaction of tax withholding obligations in connection"
Logan Family Trust financial
"nature_of_ownership":"Logan Family Trust"
tax-withholding disposition financial
"transaction_action":"tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Mirion (MIR) CEO Thomas D. Logan report?
Mirion CEO Thomas D. Logan reported a tax-withholding disposition of 22,614 Class A shares. These shares were withheld by the company to cover tax obligations arising from vesting restricted stock units, rather than sold in an open-market transaction or through a discretionary trade.
Was the Mirion (MIR) CEO’s Form 4 transaction a discretionary stock sale?
No, the Form 4 states the 22,614 Class A shares were withheld under a company policy to satisfy tax withholding on vesting RSUs. It explicitly notes this withholding was mandated by the issuer and does not represent a discretionary trade by Thomas D. Logan.
What are Thomas D. Logan’s indirect holdings in Mirion (MIR) stock?
The filing shows Thomas D. Logan indirectly holds 3,205,378 shares of Class A Common Stock through the Logan Family Trust. This indirect position is in addition to his directly held Class A and Class B shares disclosed in the Form 4 tables.
What does the tax-withholding code on the Mirion (MIR) Form 4 mean?
The transaction uses code F, described as payment of tax liability by delivering securities. In this case, 22,614 shares were withheld to cover taxes on vesting restricted stock units, a common administrative mechanism rather than an open-market sale by the insider.
AI-generated analysis. How Rhea-AI works. Not financial advice.
