Form 4: Illumina Executive Scott D. Ericksen Reports Stock Disposal
SEC Form 4 Filing
VP, Chief Accounting Officer of Illumina, Scott D. Ericksen, reports the disposal of 272 shares of common stock to cover tax obligations.
Summary
- On February 15, 2025, Scott D. Ericksen, VP, Chief Accounting Officer of Illumina, disposed of 272 shares of common stock.
- The transaction was executed at a price of $101.09 per share.
- Following the transaction, Ericksen directly owns 9,257 shares of Illumina common stock.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock disposal, likely to cover tax obligations. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The disposal of shares by an executive could be perceived negatively by some shareholders, although it is a common practice for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/15/2025 | Date of transaction: Disposal of common stock. |
| 02/19/2025 | Date of signature on the report. |
Keywords
Form 4, Beneficial Ownership, Insider Trading, ILMN, Illumina, Ericksen, Stock Disposal
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