Illumina director awarded 2,072 RSUs
Gottlieb Scott reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
Gottlieb Scott reported acquisition or exercise transactions in this Form 4 filing.
ILLUMINA, INC. director Scott Gottlieb received an equity grant in the form of restricted stock units covering 2,072 shares of common stock at a reference value of $144.83 per share. Following this grant, he holds 14,795 shares directly. All RSUs are scheduled to vest on the day before the company’s next annual stockholder meeting, provided he continues serving as a director through that date.
Insider Trade Summary
Grant/Award: 2,072 shares
Grant/Award
1 txn
Insider
Gottlieb Scott
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,072 | $144.83 | $300K |
Holdings After Transaction:
Common Stock — 14,795 shares (Direct)
Footnotes (1)
- F1. Grant of restricted stock units. 100% of the shares subject to the restricted stock unit award shall vest the date prior to the annual meeting of the company's stockholders in the year of the award, provided, in each case, that the awardee continues to serve as a director on such date.
Key Figures
RSU grant size: 2,072 shares
Grant reference price: $144.83 per share
Post-grant holdings: 14,795 shares
3 metrics
RSU grant size
2,072 shares
Restricted stock units awarded to director
Grant reference price
$144.83 per share
Reported transaction price per share for RSU award
Post-grant holdings
14,795 shares
Total common shares held directly after transaction
Key Terms
restricted stock units, vest, annual meeting of the company's stockholders, Form 4
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 the date prior to the annual meeting..."
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
"shall vest the date prior to the annual meeting of the company's stockholders in the year of the award..."
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Illumina (ILMN) director Scott Gottlieb receive in this Form 4 filing?
Scott Gottlieb received a grant of 2,072 restricted stock units tied to Illumina common stock. The grant reflects director compensation and is recorded at a reference price of $144.83 per share in this Form 4 insider transaction report.
When do Scott Gottlieb’s new Illumina (ILMN) restricted stock units vest?
All of Scott Gottlieb’s new restricted stock units are scheduled to vest on the day before Illumina’s annual meeting of stockholders in the year of the award, provided he continues to serve as a director through that vesting date.
Is Scott Gottlieb’s Illumina (ILMN) Form 4 transaction a market purchase or sale?
The Form 4 reports a grant of restricted stock units, not an open-market purchase or sale. The transaction is coded as an acquisition (award) of 2,072 shares as part of director compensation, rather than a trade executed in the public market.
What transaction code is used in Scott Gottlieb’s Illumina (ILMN) Form 4?
The transaction uses code “A,” which indicates a grant, award, or other acquisition. In this case, it represents restricted stock units awarded to Scott Gottlieb as director compensation, rather than a discretionary buy or sell order in Illumina shares.
Does the Illumina (ILMN) Form 4 mention any vesting conditions for Scott Gottlieb’s RSUs?
Yes. The filing states that 100% of the restricted stock units vest on the date prior to Illumina’s annual stockholder meeting in the award year, provided Scott Gottlieb continues to serve as a director on that date, creating a service-based vesting condition.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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