Illumina (ILMN) legal chief reports tax-withholding stock disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Illumina, Inc. Chief Legal Officer Scott M. Davies reported a tax-related share disposition. On February 15, 2026, he transferred 1,037 shares of common stock to cover tax liabilities at a price of $116.51 per share, and held 17,670 shares directly afterward.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Davies Scott M
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,037 | $116.51 | $121K |
Holdings After Transaction:
Common Stock — 17,670 shares (Direct)
Footnotes (1)
FAQ
What insider transaction did Illumina (ILMN) report for Scott M. Davies?
Illumina reported that Chief Legal Officer Scott M. Davies disposed of 1,037 common shares on February 15, 2026. The transaction was a tax-withholding disposition, using shares to satisfy tax obligations tied to equity compensation.
Was the Illumina (ILMN) insider transaction an open-market sale?
No. The Form 4 describes the transaction as a tax-withholding disposition under code F. Shares were delivered to satisfy tax liabilities, rather than being sold in an open market trade for investment purposes.
What does transaction code F mean in the Illumina (ILMN) Form 4 filing?
Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this Illumina filing, it shows shares were used to cover tax obligations related to equity compensation, not an elective market sale.
What role does Scott M. Davies hold at Illumina (ILMN) in this Form 4?
In this Form 4, Scott M. Davies is identified as an officer of Illumina serving as Chief Legal Officer. The filing reports his personal beneficial ownership and a tax-withholding disposition of company common stock.