Form 4: Illumina Director Scott B. Ullem Acquires Shares in Lieu of Cash Compensation

Illumina director Scott B. Ullem acquired 158 shares of common stock on December 31, 2024, in lieu of cash compensation for his board and committee retainer fees.

Summary

• Scott B. Ullem, a director at Illumina, Inc., acquired 158 shares of common stock on December 31, 2024.
• The shares were received in lieu of cash compensation for his 2024 board and committee retainer fees.
• The price per share was $142.0639, based on the volume weighted average closing price during the immediately completed quarter.
• This transaction increased Mr. Ullem's direct holdings of Illumina common stock to 4,891 shares.

Sentiment

Score: 7

Explanation: The document reflects a standard transaction of a director receiving stock in lieu of cash compensation, which is generally viewed positively as it aligns interests with shareholders. There are no negative implications.

Positives

• The acquisition of shares by a director demonstrates confidence in the company's future.
• The use of stock in lieu of cash can be seen as a positive sign of alignment between management and shareholders.

Management Comments

• Mr. Ullem elected to receive 100% of his 2024 board and committee cash retainer fees in Illumina stock.

Industry Context

This type of transaction is common for board members and executives, aligning their interests with shareholders by tying compensation to company performance.

Comparison to Industry Standards

• Many companies use stock-based compensation for directors and executives to align their interests with shareholders.
• The practice of using a volume-weighted average price for stock grants is a standard method to determine fair value.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with company performance.

Key Dates

Keywords

Illumina, Director, Stock Acquisition, Form 4, Compensation, Scott B. Ullem, Share Ownership