Form 4: Illumina Director David P. King Receives Stock Grant

Director David P. King was granted 2,072 restricted stock units of Illumina, Inc. common stock.

Summary

• Director David P. King acquired 2,072 shares of Illumina, Inc. (ILMN) common stock.
• The acquisition was in the form of a restricted stock unit (RSU) grant.
• The transaction occurred on May 21, 2026.
• The shares are valued at $144.83 per share.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation with no material impact on company operations or financial outlook.

Positives

• Director alignment with shareholder interests through equity-based compensation.

Negatives

• None identified.

Risks

• Vesting of the award is contingent upon continued service as a director.

Future Outlook

The restricted stock units vest on the earlier of the one-year anniversary of the grant or the date immediately preceding the next annual stockholders' meeting, subject to continued service.

Industry Context

StockSavvy.ai notes that director equity grants are standard corporate governance practices designed to align board member incentives with long-term shareholder value in the biotechnology and life sciences sector.

Comparison to Industry Standards

• The grant of restricted stock units to non-employee directors is a standard practice among S&P 500 companies to ensure board retention and alignment.
• The vesting schedule is consistent with typical annual equity compensation cycles for public company directors.

Stakeholder Impact

• Minimal impact on shareholders as this is a standard equity compensation grant.

Next Steps

• Vesting of the 2,072 restricted stock units on the earlier of the one-year anniversary or the next annual meeting.

Key Dates

Keywords

Illumina, ILMN, Form 4, Director Compensation, Insider Transaction, Restricted Stock Units