Ericksen Scott D 4

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.