Ullem Scott B. 4
Research Summary
AI-generated summary
Illumina Director Scott B. Ullem Receives Award of 167 Shares
What Happened
Scott B. Ullem, a director of Illumina, Inc. (ILMN), was issued 167 shares on 2026-06-30 valued at $149.19 each, for a total of $24,914. The transaction is an award/acquisition (code A) representing Ullem electing to receive his Q2 2026 board and committee cash retainer in Illumina stock rather than cash.
Key Details
- Transaction date: 2026-06-30; Price per share reported: $149.19; Total value: $24,914.
- Transaction type/code: Award/Acquisition (A) — shares issued in lieu of cash retainer.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Filing date (Form 4): 2026-07-02. The filing does not indicate tardiness.
- Footnote: Ullem elected to receive 100% of his 2026 board/committee cash retainer in Illumina stock. Shares issued were calculated by dividing the cash compensation for the quarter by the volume-weighted average closing price per share for that quarter.
Context
This is a routine director compensation issuance (retainer paid in stock) rather than an open-market purchase or sale. Such awards are common and reflect compensation choice, not necessarily a directional signal about the director’s view of the stock.