Form 4: Illumina Director Receives Stock for Fees

Illumina, Inc. director Keith Meister received 161 shares of common stock as payment for his board and committee fees for the first quarter of 2026.

Summary

• Keith Meister, a Director at Illumina, Inc., received 161 shares of common stock on March 31, 2026.
• These shares represent the full payment of his board and committee cash retainer fees for the first quarter of 2026.
• The shares were issued in lieu of cash, with the number of shares determined by dividing the cash compensation by the volume-weighted average closing price per share for the quarter.
• The acquisition price per share was $131.5473.
• Following this transaction, Mr. Meister directly beneficially owns 4,566 shares of common stock.
• Additionally, 3,829,508 shares are indirectly beneficially owned through Corvex Funds, for which Corvex acts as investment adviser and is controlled by Mr. Meister.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it represents a routine compensation transaction for a director rather than a significant strategic or financial event.

Positives

• Director compensation is being paid in stock, aligning management interests with shareholders.
• The transaction indicates continued operational activity and compensation practices for directors.
• The indirect beneficial ownership through Corvex Funds suggests a significant stake and ongoing investment interest.

Future Outlook

No specific future outlook or guidance is provided in this Form 4 filing, which details a change in beneficial ownership.

Industry Context

StockSavvy.ai notes that the use of stock awards for director compensation is a common practice in the biotechnology and life sciences industry, aiming to align executive and director interests with long-term shareholder value creation. Illumina, as a leader in genomics, often employs such strategies.

Related Party Transactions

• Keith Meister, a Director, received 161 shares of common stock as payment for his board and committee cash retainer fees for Q1 2026.

Stakeholder Impact

• Shareholders: The issuance of stock for director fees aligns director interests with shareholder value, potentially leading to better long-term decision-making.
• Employees: This filing does not directly impact employees.
• Creditors: This filing has no direct impact on creditors.

Key Dates

Keywords

Illumina Inc, ILMN, Form 4, Director Compensation, Stock Award, Beneficial Ownership, Keith Meister, Corvex Funds