Form 4: Illumina SVP Charles Dadswell Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Charles Dadswell, SVP and General Counsel of Illumina, reports a disposition of shares and an adjustment to unvested RSUs following the spin-out of Grail, Inc.
Summary
- Charles Dadswell, SVP and General Counsel of Illumina, filed a Form 4 on August 19, 2024, reporting changes in beneficial ownership of Illumina stock.
- On August 15, 2024, Dadswell disposed of 989 shares of Common Stock at a price of $123.56 per share.
- Following the transaction, Dadswell directly owns 21,575 shares.
- The filing also notes an adjustment to Dadswell's unvested RSUs, increasing them by 266 units, in connection with Illumina's spin-out of Grail, Inc. on June 24, 2024.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for company insiders to report changes in their ownership of company stock, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| June 24, 2024 | Illumina's spin out of Grail, Inc. was completed. |
| August 15, 2024 | Transaction date for the disposition of 989 shares of Illumina stock. |
| August 19, 2024 | Date of Form 4 filing. |
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