Steven Barnard - 05 Sep 2023 Form 4 Insider Report for ILLUMINA, INC. (ILMN)

Role
SVP, Chief Technology Officer
Signature
By: Robert Maynes for Steven Barnard
Issuer symbol
ILMN
Transactions as of
05 Sep 2023
Net transactions value
$0
Form type
4
Filing time
07 Sep 2023, 20:16:40 UTC
Previous filing
17 Aug 2023
Next filing
07 Nov 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ILMN Common Stock Award $0 +3,137 +16% $0.000000 22,210 05 Sep 2023 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ILMN Performance Shares Award $0 +1,882 $0.000000 1,882 05 Sep 2023 Common Stock 1,882 Direct F2
transaction ILMN Performance Shares Award $0 +1,255 $0.000000 1,255 05 Sep 2023 Common Stock 1,255 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Grant of restricted stock units shall vest as follows: 25% of the shares subject to the award shall vest on each of September 5, 2024, September 5, 2025, September 5, 2026, and September 5, 2027, subject to awardee's continuing status as a service provider on such dates.
F2 Each performance stock unit represents a contingent right to receive one share of common stock based on the Company's relative total shareholder return for the fiscal year ending December 28, 2025. The number of shares issued will range from 0% to 175% of the amount specified above, based on the company's relative total shareholder return for the fiscal year ending December 28, 2025, relative to pre-defined objectives, subject to the awardee's continuing status as a service provider on such dates.
F3 Each performance stock unit represents a contingent right to receive one share of common stock based on the Company's earnings per share for the fiscal year ending December 29, 2024. The number of shares issued will range from 0% to 150% of the amount specified above, based on the company's actual earnings per share for the fiscal year ending December 29, 2024, relative to pre-defined objectives, subject to the awardee's continuing status as a service provider on such dates.