Illumina (ILMN) awards 2,072 restricted stock units to director
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
KING DAVID P reported acquisition or exercise transactions in this Form 4 filing.
ILLUMINA, INC. director David P. King received an equity grant of 2,072 shares of common stock in the form of restricted stock units, valued at $144.83 per share. The award vests 100% on the earlier of one year from the grant date or immediately before the next annual stockholders’ meeting, assuming he continues to serve as a director.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
KING DAVID P
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,072 | $144.83 | $300K |
Holdings After Transaction:
Common Stock — 2,072 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 2,072 shares
Grant valuation price: $144.83 per share
Shares held after grant: 2,072 shares
3 metrics
RSU grant size
2,072 shares
Restricted stock units awarded to director David P. King
Grant valuation price
$144.83 per share
Reference price for the restricted stock unit award
Shares held after grant
2,072 shares
Total direct holdings reported following the award
Key Terms
restricted stock units, vest, annual meeting of the company's stockholders, serves as a director
4 terms
restricted stock units financial
"Grant of restricted stock units. 100% of the shares subject to the restricted stock unit award shall vest"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
vest financial
"100% of the shares subject to the restricted stock unit award shall vest on the earlier of"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
annual meeting of the company's stockholders financial
"the date immediately preceding the date of the annual meeting of the company's stockholders for the year following the year of grant"
serves as a director financial
"provided, in each case, that the awardee continues to serve as a director on such date"
FAQ
What insider transaction did Illumina (ILMN) director David P. King report?
Illumina director David P. King reported receiving 2,072 restricted stock units of common stock as an equity award. This compensation grant is reflected at a reference price of $144.83 per share and represents stock-based compensation rather than an open-market purchase.
At what price were David P. King’s Illumina (ILMN) restricted stock units valued?
David P. King’s restricted stock unit grant was valued at $144.83 per Illumina common share. This price is used to measure the grant’s size for compensation purposes and does not indicate that he bought shares in an open-market transaction.
When will David P. King’s Illumina (ILMN) restricted stock units vest?
All 2,072 restricted stock units will vest 100% on the earlier of one year from the grant date or immediately before the next annual stockholders’ meeting. Vesting depends on his continued service as a director through the applicable vesting date.
What condition applies to vesting of Illumina (ILMN) director David P. King’s RSUs?
Vesting of David P. King’s restricted stock units requires that he continue serving as a director through the vesting date. If he remains on the board, the entire award vests at once on the earlier of the one-year anniversary or just before the next annual meeting.