Insider Sale: Mirion CEO Disposes 500k Class A Shares, Retains 3.57M
Rhea-AI Filing Summary
Thomas D. Logan, who is listed as both Chief Executive Officer and a Director of Mirion Technologies, Inc. (MIR), reported open‑market sales of the company's common stock in a Form 4 filing.
The filing shows Mr. Logan sold 325,000 shares of Class A common stock on 08/11/2025 at a weighted average price of $21.3143 (individual sale prices ranged $21.01–$21.47) and sold 175,000 shares of Class A common stock on 08/12/2025 at a weighted average price of $21.7922 (individual sale prices ranged $21.31–$22.205). After these reported transactions his beneficial ownership of Class A common stock is shown as 3,567,305 shares and his Class B common stock beneficial ownership is shown as 1,544,017 shares.
The Form 4 is signed by an attorney‑in‑fact, Emmanuelle Lee, on behalf of Thomas D. Logan on 08/13/2025. The filing provides the sale dates, amounts and weighted average prices but does not state any reason or plan under which the sales occurred.
Positive
- Continued significant ownership: Reporting person retains 3,567,305 Class A shares and 1,544,017 Class B shares after the sales
- Transparent regulatory disclosure: Sales reported promptly via Form 4 with dates and weighted average prices
Negative
- Insider dispositions: Reporting person sold a total of 500,000 Class A shares (325,000 on 08/11/2025 and 175,000 on 08/12/2025)
- No plan disclosed: The filing does not state that the sales were made pursuant to a Rule 10b5‑1 trading plan or provide explanatory context
Insights
TL;DR: CEO Logan executed routine open‑market sales totaling 500,000 Class A shares across two days; holdings remain multi‑million shares.
The transactions reported are explicit: 325,000 shares sold on 08/11/2025 at a weighted average of $21.3143 and 175,000 sold on 08/12/2025 at a weighted average of $21.7922, totaling 500,000 shares sold. Post‑sale holdings remain substantial at 3,567,305 Class A shares plus 1,544,017 Class B shares. From a market‑impact perspective, these are material in absolute share count but the filing does not provide context such as a prearranged trading plan, hedging activity, or insider liquidity needs. Without that context, this disclosure is a straightforward reporting of insider dispositions, not an indication of company financial performance.
TL;DR: The Form 4 documents notable insider sales by the CEO but contains no explanation or 10b5‑1 plan disclosure; governance watchers will note the change in insiders' liquid position.
The filing confirms the signature by an attorney‑in‑fact and presents the sale dates, share counts and weighted average prices. Good governance practice encourages disclosure of whether sales are preplanned; this Form 4 does not identify a Rule 10b5‑1 plan or other affirmative defense. The continuing large beneficial ownership (over 3.5 million Class A and 1.54 million Class B shares) remains relevant for control and alignment assessments, but the filing alone does not reveal intent or timing rationale.