Form 4: Illumina Executive Steven Barnard Reports Changes in Beneficial Ownership
SEC Filing
Steven Barnard, SVP and Chief Technology Officer of Illumina, reported a transaction involving common stock on September 5, 2024, related to the spin-out of Grail, Inc.
Summary
- Steven Barnard, a senior executive at Illumina, filed a Form 4 with the SEC.
- The filing reports a transaction on September 5, 2024, involving Illumina's common stock.
- This transaction is related to the spin-out of Grail, Inc., which was completed on June 24, 2024.
- As a result of the spin-out, Mr. Barnard's unvested RSUs were increased by 296 units, pursuant to Illumina's Amended and Restated 2015 Stock and Incentive Plan.
- Mr. Barnard disposed of 286 shares at a price of $129.76.
- Following the reported transaction, Mr. Barnard beneficially owns 27,591 shares of Illumina common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects an executive's stock activity related to the Grail spin-out.
Key Dates
| Date | Description |
|---|---|
| June 24, 2024 | Completion of Illumina's spin-out of Grail, Inc. |
| September 5, 2024 | Date of transaction reported by Steven Barnard |
| September 9, 2024 | Date of signature on the Form 4 filing |
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