Form 4: Illumina's Interim General Counsel, Scott M. Davies, Reports Stock Disposal
SEC Form 4 Filing
Scott M. Davies, Interim General Counsel of Illumina, Inc., reported the disposal of 407 shares of common stock to cover tax obligations.
Summary
- On February 15, 2025, Scott M. Davies, the Interim General Counsel of Illumina, Inc., disposed of 407 shares of Illumina's common stock.
- The transaction was executed at a price of $101.09 per share.
- Following the transaction, Davies directly owns 11,929 shares of Illumina common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as this is a routine disclosure of a stock transaction by an insider. The disposal of shares to cover tax obligations is a common practice.
Industry Context
Form 4 filings are standard disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their transactions in the company's stock. This allows the public to see if company insiders are buying or selling shares of their company's stock.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a relatively small number of shares being disposed of by an insider.
Key Dates
| Date | Description |
|---|---|
| 02/15/2025 | Date of stock disposal transaction |
| 02/19/2025 | Date of signature on the Form 4 filing |
Keywords
Form 4, Illumina, ILMN, Scott M. Davies, Stock Disposal, Interim General Counsel, Beneficial Ownership
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