Illumina (NASDAQ: ILMN) director Susan Siegel receives 2,072-share RSU grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SIEGEL SUSAN E reported acquisition or exercise transactions in this Form 4 filing.
ILLUMINA, INC. director Susan E. Siegel reported a grant of 2,072 shares of common stock as a restricted stock unit award at a reference price of $144.83 per share. After this grant, she holds 16,535 shares directly and 4,006 shares indirectly through the Reed-Siegel Revocable Trust. The RSUs vest 100% on the earlier of one year from grant or immediately before the next annual stockholder meeting, if she continues serving as a director.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
SIEGEL SUSAN E
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,072 | $144.83 | $300K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 16,535 shares (Direct, null);
Common Stock — 4,006 shares (Indirect, Reed-Siegel Revocable Trust)
Footnotes (1)
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Key Figures
RSU grant size: 2,072 shares
RSU grant price: $144.83 per share
Direct holdings after grant: 16,535 shares
+2 more
5 metrics
RSU grant size
2,072 shares
Restricted stock unit award to director
RSU grant price
$144.83 per share
Reference value for RSU grant
Direct holdings after grant
16,535 shares
Common stock held directly after transactions
Indirect holdings after grant
4,006 shares
Common stock held indirectly via Reed-Siegel Revocable Trust
Vesting schedule
100% cliff vest
Earlier of one year from grant or before next annual meeting
Key Terms
restricted stock units, Reed-Siegel Revocable Trust, Grant, award, or other acquisition, annual meeting of the company's stockholders
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.
Reed-Siegel Revocable Trust financial
"direct_or_indirect: "I", nature_of_ownership: "Reed-Siegel Revocable Trust""
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
annual meeting of the company's stockholders financial
"the date immediately preceding the date of the annual meeting of the company's stockholders..."