Illumina VP Exercises 743 Performance Shares
Illumina’s VP and Chief Accounting Officer, Scott D. Ericksen, reported equity award activity involving performance-based shares.
Rhea-AI Filing Summary
Illumina’s VP and Chief Accounting Officer, Scott D. Ericksen, reported equity award activity involving performance-based shares. On 02/12/2026, 743 performance share units were exercised at an exercise price of $0, converting into 743 shares of Illumina common stock.
According to the footnote, these shares were awarded because the company achieved at least 74% of the applicable performance criteria under a March 1, 2023 performance share grant. On the same date, 306 common shares were disposed of at $114.44 per share in a tax-withholding transaction, leaving Ericksen with direct ownership of 13,923 Illumina common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Shares | 743 | $0.00 | $0.00 |
| Exercise | Common Stock | 743 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 306 | $114.44 | $35K |
Footnotes (1)
- F1. Represents shares of stock awarded as a result of the Company achieving at least 74% of the applicable performance criteria pursuant to the reporting person's grant of performance share units on March 1, 2023.
FAQ
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