Illumina director receives Q2 2026 stock retainer
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 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 Trade Summary
Grant/Award: 142 shares
Grant/Award
2 txns
Insider
Meister Keith A.
Role
Director
| 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);
Common Stock — 2,830,452 shares (Indirect, See footnote)
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 2nd 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 size: 142 shares
Reference price per share: $149.1868/share
Direct holdings after grant: 6,780 shares
+2 more
5 metrics
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
Key Terms
volume weighted average closing price, board and committee cash retainer fees, Corvex Funds, investment adviser
4 terms
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.
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
