Thaysen Jacob 4

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.