Thaysen Jacob 4
4 · ILLUMINA, INC. · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
Illumina (ILMN) CEO Jacob Thaysen Receives Awards
What Happened
Jacob Thaysen, CEO of Illumina, received three equity awards on March 5, 2026: 25,734 restricted stock units (RSUs) granted at $128.24/share (value $3,300,128) and two performance-based awards of 30,022 units each at $128.24/share (each valued at $3,850,021). The aggregate reported grant-date value is approximately $11.0 million. These are awards (code A), not open-market purchases or sales.
Key Details
- Transaction date and price: 2026-03-05 at $128.24 per share for all awards.
- Grant breakdown: 25,734 RSUs; 30,022 PSUs (performance; F2); 30,022 PSUs (relative TSR; F3). Total units granted = 85,778; total grant‑date value ≈ $11,000,170.
- Shares owned after transaction: Not disclosed in the provided filing details.
- Filing: Report filed 2026-03-09 — within the Form 4 filing window (timely).
- Transaction code: A = Award/Grant. No tax‑withholding sale or 10b5‑1 plan noted in the supplied footnotes.
Context
- RSU vesting (F1): 25% vest on each of Feb 15, 2027, 2028, 2029 and 2030, subject to continued service.
- PSUs (F2): Contingent on the company’s 3‑year average non‑GAAP EPS growth for FY2026–2028; payout range 0%–250% of target; vesting on Dec 31, 2028, subject to continued service.
- PSUs (F3): Contingent on relative total shareholder return for FY2028; payout range 0%–250% of target; vesting on Dec 31, 2028, subject to continued service.
- Takeaway for retail investors: These are standard executive compensation awards tied to service and performance metrics rather than open‑market buying/selling. They do not by themselves indicate insider buying conviction.
Insider Transaction Report
Form 4
ILLUMINA, INC.ILMN
Thaysen Jacob
DirectorChief Executive Officer
Transactions
- Award
Common Stock
[F1]2026-03-05$128.24/sh+25,734$3,300,128→ 109,073 total - Award
Performance Shares
[F2]2026-03-05$128.24/sh+30,022$3,850,021→ 30,022 totalExp: 2028-12-31→ Common Stock (30,022 underlying) - Award
Performance Shares
[F3]2026-03-05$128.24/sh+30,022$3,850,021→ 30,022 totalExp: 2028-12-31→ Common Stock (30,022 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
By: Robert Maynes for Jacob Thaysen|2026-03-09