Form 4: Illumina SVP Carissa Rollins Reports Stock Disposal to Cover Tax Obligations
SEC Form 4 Filing
Carissa Rollins, SVP and Chief Information Officer of Illumina, disposed of 122 shares of common stock on April 5, 2024, to cover tax obligations.
Summary
- On April 9, 2024, a Form 4 filing with the SEC revealed that Carissa Rollins, SVP and Chief Information Officer of Illumina, Inc. [ILMN], engaged in a transaction involving the company's common stock.
- The transaction occurred on April 5, 2024, where 122 shares of common stock were disposed of at a price of $127.75 per share.
- This disposal was to cover tax obligations.
- Following the transaction, Rollins directly owns 11,746 shares of Illumina common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a routine transaction to cover tax obligations. It doesn't indicate any significant positive or negative implications for the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction appears to be a standard sale to cover tax obligations, which is a common practice among executives who receive stock-based compensation.
Key Dates
| Date | Description |
|---|---|
| 04/05/2024 | Date of transaction: Rollins disposed of 122 shares of Illumina common stock. |
| 04/09/2024 | Date of Form 4 filing. |
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