Pegels Kevin Carl 4

What Happened Kevin Pegels, Chief of Global Operations at Illumina (ILMN), had 1,164 shares disposed to satisfy a tax obligation (transaction code F). The shares were recorded at $116.51 per share for a total of $135,618. This was a withholding/sale to cover tax liabilities related to equity compensation and is generally a routine administrative transaction rather than an open-market sale indicating a trading view.

Key Details

• Transaction date: 2026-02-15
• Price per share: $116.51
• Shares disposed: 1,164
• Total value: $135,618
• Transaction code: F — payment of exercise price or tax liability (share withholding/surrender to cover taxes)
• Filing date: 2026-02-18 (reported on Form 4) — appears to be within the normal reporting timeframe for such filings
• Shares owned after transaction: not specified in the provided filing excerpt

Context Code F transactions usually reflect shares withheld or surrendered to cover taxes from an equity award or option exercise (a form of "sell-to-cover"). These are routine administrative actions and do not necessarily indicate the insider is reducing their long-term stake for investment reasons. For retail investors, purchases or open-market sales typically carry more interpretive weight than tax-withholding disposals.