Wedel Christensen Jakob 4
4 · ILLUMINA, INC. · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
Illumina SVP Jakob Wedel Christensen Receives Stock Awards
What Happened
Jakob Wedel Christensen, Senior VP of Strategy & Corporate Development at Illumina (ILMN), was granted equity awards on 2026-03-05 coded as "A" (award/grant). The awards consist of: 5,615 restricted stock units (RSUs) at $128.24 each (grant value $720,068) and two performance stock unit (PSU) awards of 6,551 units each at $128.24 (each with a grant value of $840,100). The combined grant-date value is $2,400,268. These are grants (not open-market purchases or sales) and represent future shares subject to vesting and performance conditions.
Key Details
- Transaction date: 2026-03-05; filing date: 2026-03-09 (filed within the required window).
- Grant price used for valuation: $128.24 per share/unit.
- Awards: 5,615 RSUs ($720,068) + 6,551 PSUs ($840,100) + 6,551 PSUs ($840,100) = total ~18,717 units and ~$2.4M grant-date value.
- Shares owned after transaction: Not specified in the provided filing.
- Transaction code: A = Award/Grant.
- Footnotes / vesting and payout conditions:
- RSUs vest 25% each year on Feb 15 of 2027, 2028, 2029, 2030, subject to continued service. (F1)
- One PSU award vests based on Illumina's three‑year average non‑GAAP EPS growth (fiscal 2026–2028); payout 0%–250% of target, vesting Dec 31, 2028, subject to continued service. (F2)
- The other PSU award vests based on relative total shareholder return for FY 2028; payout 0%–250% of target, vesting Dec 31, 2028, subject to continued service. (F3)
Context
- These are time- and performance‑based equity compensation grants, common for senior executives; PSUs are contingent and may pay out fewer or more shares (0%–250%) depending on performance.
- Grants are not the same as purchases (which some investors view as a bullish signal) and do not by themselves indicate insider buying or selling.
Insider Transaction Report
Form 4
ILLUMINA, INC.ILMN
Wedel Christensen Jakob
SVP, Strategy/Corp Development
Transactions
- Award
Common Stock
[F1]2026-03-05$128.24/sh+5,615$720,068→ 15,989 total - Award
Performance Shares
[F2]2026-03-05$128.24/sh+6,551$840,100→ 6,551 totalExp: 2028-12-31→ Common Stock (6,551 underlying) - Award
Performance Shares
[F3]2026-03-05$128.24/sh+6,551$840,100→ 6,551 totalExp: 2028-12-31→ Common Stock (6,551 underlying)
Footnotes (3)
- [F1]Grant of restricted stock units shall vest as follows: 25% of the shares subject to the award shall vest on each of February 15, 2027, February 15, 2028, February 15, 2029, and February 15, 2030, subject to awardee's continuing status as a service provider on such dates.
- [F2]Each performance stock unit represents a contingent right to receive one share of common stock based on the Company's three-year average consolidated non-GAAP earnings per share growth for fiscal years 2026-2028 with vesting on December 31, 2028. The number of shares issued will range from 0% to 250% of the amount specified above, based on the Company's actual three-year average consolidated non-GAAP earnings per share growth for fiscal years 2026-2028, relative to pre-defined objectives, subject to awardee's continuing to be a service provider on such dates.
- [F3]Each performance stock unit represents a contingent right to receive one share of common stock based on the Company's relative total shareholder return for the fiscal year ending December 31, 2028. The number of shares issued will range from 0% to 250% of the amount specified above, based on the company's relative total shareholder return for the fiscal year ending December 31, 2028, relative to pre-defined objectives, subject to the awardee's continuing status as a service provider on such dates.
Signature
Robert Maynes for Jakob Wedel Christensen|2026-03-09