Illumina director receives stock retainer award
Meister Keith A. reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Meister Keith A. reported acquisition or exercise transactions in this Form 4 filing.
ILLUMINA, INC. director Keith A. Meister received 161 shares of common stock as a stock-based retainer on March 31, 2026. He elected to take 100% of his 2026 board and committee cash retainer fees in Illumina stock, with the share amount based on the volume weighted average closing price for the completed quarter of $131.5473 per share.
Following this grant, he holds 4,566 shares directly and reports 3,829,508 shares held indirectly for the accounts of certain Corvex Funds for which Corvex Management LP acts as investment adviser.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 161 shares
Grant/Award
2 txns
Insider
Meister Keith A.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 161 | $131.5473 | $21K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 4,566 shares (Direct);
Common Stock — 3,829,508 shares (Indirect, Corvex Funds)
Footnotes (2)
- F1. Mr. Meister elected to receive 100% of his 2026 board and committee cash retainer fees in Illumina stock. The number of shares issued in lieu of cash is based on the quotient of (i) the cash compensation otherwise payable for the immediately completed quarter divided by (ii) the volume weighted average closing price per share during the immediately completed quarter, calculated by reference to each trading day during such quarter. The amount reported on this Form represents Mr. Meister's 1st quarter 2026 retainer fees.
- F2. These securities of Illumina, Inc. are held for the accounts of certain private investment funds (collectively, the "Corvex Funds") for which Corvex Management LP ("Corvex") acts as investment adviser, including Corvex Master Fund LP and Corvex Select Equity Master Fund LP. The general partner of Corvex is controlled by the Reporting Person.
Key Figures
Stock grant: 161 shares
Grant price: $131.5473 per share
Direct holdings after grant: 4,566 shares
+2 more
5 metrics
Stock grant
161 shares
Common stock grant as Q1 2026 board and committee retainer
Grant price
$131.5473 per share
Volume weighted average closing price for the completed quarter
Direct holdings after grant
4,566 shares
Illumina common stock held directly by Keith A. Meister
Indirect Corvex holdings
3,829,508 shares
Illumina shares held for accounts of certain Corvex Funds
Transaction date
March 31, 2026
Effective date of the stock grant/award transaction
Key Terms
volume weighted average closing price, retainer fees, investment adviser, private investment funds
4 terms
volume weighted average closing price financial
"based on the quotient of (i) the cash compensation otherwise payable... divided by (ii) the volume weighted average closing price per share"
The volume weighted average closing price is the average of a security’s closing prices over a given period where each day’s closing price is weighted by the number of shares traded that day. It gives more influence to prices on days with heavier trading, so it reflects where most market activity actually occurred rather than treating every day equally. Investors use it as a more realistic benchmark for value, performance tracking, and to compare execution quality.
retainer fees financial
"Mr. Meister elected to receive 100% of his 2026 board and committee cash retainer fees in Illumina stock."
investment adviser financial
"for which Corvex Management LP ("Corvex") acts as investment adviser, including Corvex Master Fund LP"
An investment adviser is a person or firm that professionally manages money and gives recommendations about buying, selling, or holding investments. Like a financial coach or guide, they have a legal duty to act in a client's best financial interest, so their advice, fees and potential conflicts can directly affect returns and risk — making their role important for investors who want informed, accountable help with portfolios.
private investment funds financial
"These securities of Illumina, Inc. are held for the accounts of certain private investment funds (collectively, the "Corvex Funds")"
FAQ
What insider transaction did Keith Meister report at Illumina (ILMN)?
Keith A. Meister reported receiving 161 shares of Illumina common stock as compensation on March 31, 2026. The award represents his first quarter 2026 board and committee retainer fees, which he elected to receive entirely in stock instead of cash.
Was Keith Meister’s Illumina (ILMN) Form 4 transaction an open-market purchase?
No, the Form 4 shows a grant or award acquisition of 161 Illumina shares coded as “A,” not an open-market purchase. The shares represent board and committee retainer fees that Meister elected to receive entirely in stock for the first quarter of 2026.
What are the Corvex Funds holdings reported in Keith Meister’s Illumina (ILMN) filing?
The filing states that 3,829,508 Illumina shares are held for the accounts of certain private investment funds known as the Corvex Funds. Corvex Management LP acts as investment adviser, and its general partner is controlled by Keith Meister, the reporting person.
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