Illumina (ILMN) operations chief uses shares to cover tax liability
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ILLUMINA, INC. Chief of Global Operations Kevin Carl Pegels reported a Form 4 transaction involving company common stock. On this date, he disposed of 1,164 shares at a price of $116.51 per share to satisfy tax obligations by delivering shares rather than paying cash. After this tax-withholding disposition, he directly holds 22,721 shares of Illumina common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Pegels Kevin Carl
Role
Chief of Global Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,164 | $116.51 | $136K |
Holdings After Transaction:
Common Stock — 22,721 shares (Direct)
Footnotes (1)
FAQ
What did Illumina (ILMN) executive Kevin Carl Pegels report on this Form 4?
Kevin Carl Pegels reported a tax-related share disposition on Illumina (ILMN) stock. He used 1,164 common shares at $116.51 each to cover tax obligations, a non-open-market transaction, and now directly holds 22,721 Illumina common shares.
Was the Illumina (ILMN) Form 4 transaction an open-market sale?
No, the Illumina (ILMN) Form 4 transaction was not an open-market sale. It is coded as a tax-withholding disposition, meaning 1,164 shares were delivered to cover tax or exercise costs, rather than being sold on the open market.
What transaction code appears on Kevin Pegels’ Illumina (ILMN) Form 4 filing?
The Form 4 shows transaction code F for Kevin Pegels’ Illumina (ILMN) transaction. Code F indicates payment of an exercise price or tax liability by delivering securities, distinguishing it from standard market buy or sell transactions.