ILMN.NASDAQIllumina, INC

Form 4: Illumina Executive Kevin Pegels Reports Stock Disposal to Cover Tax Obligations

Sentiment:

SEC Form 4 Filing

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Kevin Pegels, Chief of Global Operations at Illumina, disposed of 565 shares of common stock on February 15, 2025, to cover tax obligations related to vested restricted stock units.

Summary

  • On February 19, 2025, a Form 4 filing with the SEC was submitted by Robert Maynes on behalf of Kevin Pegels, Chief of Global Operations at Illumina, Inc.
  • The filing reports a transaction that occurred on February 15, 2025, where Mr. Pegels disposed of 565 shares of Illumina's common stock.
  • The disposal was executed at a price of $101.09 per share.
  • This transaction was to cover tax obligations related to vested restricted stock units.
  • Following the reported transaction, Mr. Pegels beneficially owns 15,792 shares of Illumina common stock directly.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing represents a routine transaction for tax purposes and doesn't indicate any significant positive or negative development for the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard practice of executives selling shares to cover tax obligations related to stock-based compensation.

Key Dates

DateDescription
02/15/2025Date of transaction: Kevin Pegels disposed of 565 shares of Illumina common stock.
02/19/2025Date of Form 4 filing.

Keywords

Form 4, SEC Filing, Insider Trading, Kevin Pegels, Illumina, ILMN, Stock Disposal, Restricted Stock Units, Tax Obligations

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