Leckman Patricia 4
4 · ILLUMINA, INC. · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
Illumina (ILMN) SVP Patricia Leckman Receives Stock Award
What Happened
Patricia Leckman, SVP & Chief People Officer of Illumina, received three equity awards on March 5, 2026: one grant of 6,317 restricted stock units (RSUs) and two grants of 7,369 performance-based units (PSUs) each. Each unit was valued at $128.24, for aggregate grant values of $810,092 (RSUs) and $945,001 + $945,001 (PSUs), totaling $2,700,094 for 21,055 units. This is an award/grant (not an open-market purchase or sale).
Key Details
- Transaction date: March 5, 2026; Form 4 filed March 9, 2026 (appears timely within the standard two business-day window).
- Prices and values: all units priced at $128.24; 6,317 RSUs = $810,092; two PSU grants of 7,369 each = $945,001 each; total ~ $2.70M.
- Shares owned after transaction: not specified in the provided data (footnote F2 notes a balance includes 188 shares acquired through the Employee Stock Purchase Plan).
- Footnote F1: RSU vesting — 25% on each of Feb 15, 2027, 2028, 2029, 2030, subject to continued service.
- Footnotes F3 & F4: PSUs — contingent rights to receive shares based on (1) three‑year average non‑GAAP EPS growth (fiscal 2026–2028) and (2) relative total shareholder return (fiscal 2028). PSU payouts range from 0%–250% of target and vest on Dec 31, 2028, subject to continued service.
- Transaction code: A = Award/Grant.
Context
- RSUs are time‑based awards that convert to shares as they vest; PSUs are performance‑based and may pay out at 0–250% of target depending on Company performance, so final share issuance may differ from the target amounts reported here.
- Awards are routine compensation for executives and do not by themselves indicate (or quantify) the insider’s personal trading intent.
Insider Transaction Report
Form 4
ILLUMINA, INC.ILMN
Leckman Patricia
SVP, Chief People Officer
Transactions
- Award
Common Stock
[F1][F2]2026-03-05$128.24/sh+6,317$810,092→ 22,826 total - Award
Performance Shares
[F3]2026-03-05$128.24/sh+7,369$945,001→ 7,369 totalExp: 2028-12-31→ Common Stock (7,369 underlying) - Award
Performance Shares
[F4]2026-03-05$128.24/sh+7,369$945,001→ 7,369 totalExp: 2028-12-31→ Common Stock (7,369 underlying)
Footnotes (4)
- [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]Balance includes 188 shares acquired through Employee Stock Purchase Plan.
- [F3]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.
- [F4]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 Patricia Leckman|2026-03-09