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Illumina (ILMN) director takes 2026 board fees entirely in stock

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Meister Keith A. reported acquisition or exercise transactions in this Form 4 filing.

ILLUMINA, INC. director Keith A. Meister received a stock award as part of his board compensation. He elected to take 100% of his 2026 board and committee cash retainer fees in Illumina stock, and for the second quarter 2026 this resulted in a grant of 142 shares at a reference price of $149.1868 per share. After this grant, he directly holds 6,780 shares of common stock, and additional Illumina securities are held indirectly for the accounts of private investment funds advised by Corvex Management LP, whose general partner is controlled by him.

Positive

  • None.

Negative

  • None.
Insider Meister Keith A.
Role null
Type Security Shares Price Value
Grant/Award Common Stock 142 $149.1868 $21K
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 6,780 shares (Direct, null); Common Stock — 2,830,452 shares (Indirect, See footnote)
Footnotes (1)
  1. 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 2nd quarter 2026 retainer fees. 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.
Stock grant size 142 shares Second quarter 2026 board and committee retainer
Reference price per share $149.1868/share Used to calculate shares issued in lieu of cash
Direct holdings after grant 6,780 shares Illumina common stock held directly by Keith A. Meister
Indirect fund holdings 2,830,452 shares Illumina securities held for Corvex-advised funds
Board fees election 100% in stock 2026 board and committee cash retainers taken in Illumina shares
volume weighted average closing price financial
"based on the quotient of the cash compensation divided by the volume weighted average closing price per share during the quarter"
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.
board and committee cash retainer fees financial
"elected to receive 100% of his 2026 board and committee cash retainer fees in Illumina stock"
Corvex Funds financial
"held for the accounts of certain private investment funds (collectively, the "Corvex Funds")"
investment adviser financial
"for which Corvex Management LP acts as investment adviser"
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.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Meister Keith A.
(Last)(First)(Middle)
5200 ILLUMINA WAY
(Street)
SAN DIEGO CALIFORNIA 92122
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
ILLUMINA, INC. [ ILMN ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock06/30/2026A142(1)A$149.18686,780D
Common Stock2,830,452ISee footnote(2)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. 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 2nd quarter 2026 retainer fees.
2. 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.
Robert Maynes for Keith Meister07/02/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Keith A. Meister report at Illumina (ILMN)?

Keith A. Meister reported receiving a grant of 142 Illumina common shares as board compensation. This award reflects his election to receive his 2026 board and committee retainer fees entirely in stock rather than cash for the second quarter of 2026.

Was Keith A. Meister’s Illumina (ILMN) Form 4 transaction a market purchase or sale?

The reported transaction was a compensation-related stock grant, not an open-market purchase or sale. The Form 4 classifies it under code A, indicating a grant or award of 142 shares tied to his second quarter 2026 board retainer.

How many Illumina (ILMN) shares does Keith A. Meister hold directly after this filing?

Following the reported grant, Keith A. Meister directly holds 6,780 shares of Illumina common stock. This figure includes the 142-share award received for his second quarter 2026 board and committee retainer fees that he chose to take in stock.

How is the number of Illumina (ILMN) shares for Meister’s retainer calculated?

The number of shares is based on the cash compensation for the completed quarter divided by the volume weighted average closing price per share during that quarter. For second quarter 2026, this formula produced a 142-share grant in lieu of cash retainer fees.

What indirect Illumina (ILMN) holdings are associated with Keith A. Meister?

Additional Illumina securities are held for private investment funds known as the Corvex Funds, for which Corvex Management LP acts as investment adviser. Corvex’s general partner is controlled by Keith A. Meister, and these indirect holdings total 2,830,452 shares after the reported date.