KING DAVID P 4
Research Summary
AI-generated summary
Illumina Director David P. King Receives 2,072-Share RSU Award
What Happened
- David P. King, a director of Illumina, Inc. (ILMN), was granted 2,072 restricted stock units (RSUs) on 2026-05-21. The grant is recorded at $144.83 per share, for a total grant value of $300,088. This transaction is an award/grant (transaction code A), an acquisition of equity via compensation rather than an open-market purchase.
Key Details
- Transaction date: 2026-05-21; Filing date (Form 4): 2026-05-22 (timely).
- Shares/grant: 2,072 RSUs at $144.83 each; total reported value $300,088.
- Transaction type: Award/Grant (A) — restricted stock units (RSUs).
- Vesting note (from filing): 100% of the RSUs vest on the earlier of (i) one year after grant or (ii) the day before the next annual meeting of stockholders, provided King continues to serve as a director.
- Shares owned after transaction: Not specified in the filing.
- No indication of a sale, 10b5-1 plan, tax-withholding sale, or late filing in this report.
Context
- RSUs are a form of compensation that convert to shares only upon vesting; this grant does not represent an immediate open‑market purchase of shares. For directors, RSU awards are commonly used for retention and compensation. The filing provides vesting conditions but does not disclose whether any shares will be subject to withholding at vesting.