Wedel Christensen Jakob 4

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.