Illumina (ILMN) CFO Ankur Dhingra Receives Stock Awards

What Happened
Ankur Dhingra, Chief Financial Officer of Illumina, received three equity awards on March 5, 2026, reported on a Form 4 filed March 9, 2026. The grant details: 9,358 restricted stock units (RSUs) valued at $128.24/share ($1,200,070), plus two performance stock unit (PSU) awards of 10,918 units each at $128.24/share (each valued at $1,400,124), for a combined reported value of $4,000,318. These were grant/award (code A) transactions, not open-market purchases or sales.

Key Details

• Transaction date: 2026-03-05; Form 4 filed: 2026-03-09 (timely within SEC rules).
• Price used: $128.24 per share; total reported value ≈ $4,000,318.
• Awards: 9,358 RSUs (time-based); 10,918 PSUs (performance-based) x 2 (derivative awards). Total target units = 31,194.
• Vesting/conditions: RSUs vest 25% annually on Feb 15 in 2027–2030 (F1). PSUs vest Dec 31, 2028 and payout ranges from 0%–250% based on (a) three‑year non‑GAAP EPS growth (F2) and (b) relative total shareholder return for 2028 (F3).
• Shares owned after transaction: not specified in the filing.
• Transaction code: A = Award/Grant; two PSU entries were reported as derivative awards (contingent on performance).

Context
These grants are standard executive compensation: time‑based RSUs provide retention through multi-year vesting, while PSUs depend on company performance and may pay out between 0% and 250% of target. Because these are awards (not purchases or sales), they reflect compensation decisions rather than direct insider buying/selling sentiment.