Everett Cunningham - Jul 5, 2024 Form 4 Insider Report for ILLUMINA, INC. (ILMN)

Role
SVP, Chief Commercial Officer
Signature
Robert Maynes for Everett Cunningham
Stock symbol
ILMN
Transactions as of
Jul 5, 2024
Transactions value $
$0
Form type
4
Date filed
7/9/2024, 07:28 PM
Previous filing
Jun 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ILMN Common Stock Award $0 +36.9K $0.00 36.9K Jul 5, 2024 Direct F1
holding ILMN Common Stock 70 Jul 5, 2024 Beneficiary IRA
holding ILMN Common Stock 757 Jul 5, 2024 IRA
holding ILMN Common Stock 3.15K Jul 5, 2024 Revocable Trust
holding ILMN Common Stock 672 Jul 5, 2024 Spouse IRA

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 +18.4K $0.00 18.4K Jul 5, 2024 Common Stock 18.4K Direct F2
transaction ILMN Performance Shares Award $0 +18.4K $0.00 18.4K Jul 5, 2024 Common Stock 18.4K 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 with 25% of the shares subject to the award vesting on each of the first, second, third and fourth anniversaries of the date of grant, subject to the awardee's continuing to be 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 three-year average operating margin for fiscal years 2024-2026 with vesting on January 3, 2027 . The number of shares issued will range from 0% to 200% of the amount specified above, based on the Company's actual three-year average operating margin for fiscal years 2024-2026 , relative to pre-defined objectives, subject to awardee's continuing to be 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 relative total shareholder return for the fiscal year ending January 3, 2027. The number of shares issued will range from 0% to 200% of the amount specified above, based on the company's relative total shareholder return for the fiscal year ending January 3, 2027, relative to pre-defined objectives, subject to the awardee's continuing status as a service provider on such dates.