Leckman Patricia 4

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.