Transcode MXF+XML to edit so I can rename source media

Thanks in advance for guidance.

QUESTION - what format do I transcode to or should I do something else?

BACKGROUND - I am collating multiple clips of short product videos of about 50 very similar products to both edit and hand of to a 3rd party. I want to label each source by SKU so I can manage them outside Premiere and hand off selected files with titles to the correct people.

PROBLEM - All my clips are in MXF+XML. I want to relabel the source media in folder. I KNOW I can rename and do the meta in Premiere Pro but I want to name the actual clip so I can manage it.

- I have googled this lots and read as much as I can and it seems renaming the actual MXF+XML is not on but I find no easy solution.
Therefore I thought I could transcode these to something other format in MEDIA ENCODER that allows source file renaming (e.g. MOV).

QUESTION - is this bananas? What format should I choose for best results so I can go on and edit in Premiere Pro? (PS I dont need the audio so can strip that out in the transcode.)

I am working on a PC Windows 11 with the latest Premiere Pro version / subscription.

Source Files:

Type: MXF
File Size: 294.05 MB
Image Size: 1920 x 1080
Frame Rate: 25.00
Source Audio Format: 48000 Hz - 24-bit - 4 Channels
Project Audio Format: 48000 Hz - 32 bit floating point - 4 Channels
Total Duration: 00:00:54:18
Pixel Aspect Ratio: 1.0
Alpha: None
Color Space: Rec. 709
Color Space Override: Off
Input LUT: None

MXF File details:
Wrapper type: MXF OP1a (type: SingleItem SinglePackage MultiTrack Stream Internal)
File generated by: CANON, EOS C70 (1.00)
AVC Long GOP High 4:2:2 Profile 10-bit Unconstrained Coding