Form 4: Illumina Executive Scott D. Ericksen Reports Changes in Beneficial Ownership

Scott D. Ericksen, VP and Chief Accounting Officer of Illumina, Inc., reports a transaction involving common stock due to tax withholding upon vesting of restricted stock units.

Summary

• On November 5, 2024, Scott D. Ericksen, VP and Chief Accounting Officer of Illumina, Inc., reported a transaction involving the disposition of 257 shares of common stock.
• These shares were disposed of to cover tax obligations related to the vesting of restricted stock units.
• The transaction was executed at a price of $154.96 per share.
• Following the transaction, Ericksen directly owns 10,597 shares of Illumina common stock.
• Additionally, Ericksen's unvested RSUs were increased by 150 units as a result of an adjustment related to Illumina's spin out of Grail, Inc. which was completed on June 24, 2024.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to insider transactions and equity compensation, which is common for publicly traded companies like Illumina. It provides transparency into the trading activities of company executives.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine sale of shares by an executive for tax purposes.

Key Dates