Ericksen Scott D 4
4 · ILLUMINA, INC. · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
Illumina (ILMN) VP/Chief Accounting Officer Scott Ericksen Receives Stock Awards
What Happened
Scott D. Ericksen, Vice President and Chief Accounting Officer of Illumina, received three awards on March 5, 2026: a grant of 3,217 restricted stock units (RSUs) and two grants of 1,609 performance-based units each. All awards are reported at a grant-date value of $128.24 per share/unit, totaling approximately $825,224 (3,217 × $128.24 = $412,548; 1,609 × $128.24 = $206,338 each).
These transactions are awards (code A) — not open-market purchases or sales — and are part of compensation/long-term incentive programs rather than immediate cash buys or disposals.
Key Details
- Transaction date: 2026-03-05; Form 4 filed 2026-03-09 (filed within the standard two business-day window).
- Prices and values: $128.24 per share/unit; total value ≈ $825,224.
- Units granted: 3,217 RSUs; 1,609 PSUs (performance stock units); 1,609 PSUs (separate performance measure).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes (vesting and payout conditions):
- F1 (RSUs): 25% vests each year on Feb 15 of 2027, 2028, 2029, 2030, subject to continued service.
- F2 (PSUs — earnings metric): Each PSU converts to 0%–250% of the target based on Illumina’s three‑year average non‑GAAP EPS growth (fiscal 2026–2028); vesting/ payout on Dec 31, 2028, subject to continued service.
- F3 (PSUs — relative TSR): Each PSU converts to 0%–250% of the target based on relative total shareholder return for fiscal 2028; payout vests on Dec 31, 2028, subject to continued service.
Context
- RSUs and PSUs are common long-term incentive awards. RSUs deliver shares if the executive remains employed through vesting dates; PSUs are performance‑contingent and may pay out between 0% and up to 250% of target depending on results.
- Because these are grants (compensation), they are neutral descriptive events rather than clear bullish or bearish signals on their own.
Insider Transaction Report
Form 4
ILLUMINA, INC.ILMN
Ericksen Scott D
VP, Chief Accounting Officer
Transactions
- Award
Common Stock
[F1]2026-03-05$128.24/sh+3,217$412,548→ 16,446 total - Award
Performance Shares
[F2]2026-03-05$128.24/sh+1,609$206,338→ 1,609 totalExp: 2028-12-31→ Common Stock (1,609 underlying) - Award
Performance Shares
[F3]2026-03-05$128.24/sh+1,609$206,338→ 1,609 totalExp: 2028-12-31→ Common Stock (1,609 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 Scott D. Ericksen|2026-03-09