Davies Scott M 4

4 · ILLUMINA, INC. · Filed Mar 9, 2026

AI-generated summary of this filing

Updated Mar 9, 2026

Illumina (ILMN) Chief Legal Officer Scott M. Davies Receives Awards

What Happened

Scott M. Davies, Illumina’s Chief Legal Officer, was granted a total of 19,497 shares on March 5, 2026, reported via Form 4 as acquisitions (award code A). The grants break down as:
- 5,849 restricted stock units (RSUs) at $128.24 per share (value ≈ $750,076).
- 6,824 performance stock units (PSUs) at $128.24 per share (target value ≈ $875,110) — derivative/contingent.
- 6,824 PSUs at $128.24 per share (target value ≈ $875,110) — derivative/contingent.
These are grants (compensation), not open-market purchases or sales.

Key Details

Transaction date: March 5, 2026; reported filing date: March 9, 2026 (four days after the grant date).
Price per share used for reporting: $128.24.
Shares acquired on Form 4: total 19,497; aggregate reported value ≈ $2,500,296.
Shares owned after the transaction: not specified in the provided filing excerpt.
Notable footnotes:
- F1 (RSUs): Vest 25% each on Feb 15 of 2027, 2028, 2029 and 2030, subject to continued service.
- F2 (PSU #1): Tied to three‑year average non‑GAAP EPS growth for fiscal years 2026–2028; payout on 12/31/2028 may range 0%–250% of target, subject to continued service.
- F3 (PSU #2): Tied to relative total shareholder return for year ending 12/31/2028; payout on 12/31/2028 may range 0%–250% of target, subject to continued service.
Filing timeliness: Filed March 9 for a March 5 grant—Form 4s are typically due within two business days, so the later filing may be considered delayed (check the full filing for any timeliness flag).

Context

RSUs deliver shares over time if the executive remains employed (vesting schedule above). PSUs are performance‑based awards that may pay out more or fewer shares (0%–250% of target) depending on meeting specified performance metrics; they are contingent awards, not immediate share transfers.
These awards reflect typical executive compensation, not an open‑market buy or sell, and should be interpreted as part of the company’s pay program rather than a direct trading signal.

Form 4

Period: 2026-03-05

Chief Legal Officer

Transactions

Award
Common Stock
[F1]
2026-03-05$128.24/sh+5,849$750,076→ 22,183 total
Award
Performance Shares
[F2]
2026-03-05$128.24/sh+6,824$875,110→ 6,824 total
Exp: 2028-12-31→ Common Stock (6,824 underlying)
Award
Performance Shares
[F3]
2026-03-05$128.24/sh+6,824$875,110→ 6,824 total
Exp: 2028-12-31→ Common Stock (6,824 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

Robert Maynes for Scott M. Davies|2026-03-09

1 file