Illumina (ILMN) director Caroline Dorsa receives 2,072 RSUs and 1,512-share tax withholding update
Rhea-AI Filing Summary
ILLUMINA, INC. director Caroline Dorsa reported routine equity compensation activity involving company common stock. She received a grant of 2,072 restricted stock units valued at $144.83 per share, which will vest in full on the earlier of one year from grant or immediately before the next annual stockholder meeting, as long as she remains a director.
In a separate transaction, 1,512 shares were withheld at $141.92 per share to cover tax obligations, which is not an open-market sale. After these transactions, Dorsa directly holds 15,754 shares of Illumina common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 560 shares
Net Buy
2 txns
Insider
DORSA CAROLINE
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,072 | $144.83 | $300K |
| Exercise Price or Tax Liability | Common Stock | 1,512 | $141.92 | $215K |
Holdings After Transaction:
Common Stock — 15,754 shares (Direct)
Footnotes (1)
- F1. Grant of restricted stock units. 100% of the shares subject to the restricted stock unit award shall vest on the earlier of (i) the one year anniversary of the date of grant of the award and (ii) the date immediately preceding the date of the annual meeting of the company's stockholders for the year following the year of grant of the award, provided, in each case, that the awardee continues to serve as a director on such date.
Key Figures
RSU grant size: 2,072 shares
RSU grant value per share: $144.83 per share
Tax withholding shares: 1,512 shares
+2 more
5 metrics
RSU grant size
2,072 shares
Restricted stock unit award to director Caroline Dorsa
RSU grant value per share
$144.83 per share
Value assigned to restricted stock unit award
Tax withholding shares
1,512 shares
Shares delivered to satisfy tax liability
Tax withholding price
$141.92 per share
Value used for tax-withholding disposition
Shares held after transactions
15,754 shares
Direct Illumina common stock ownership by Caroline Dorsa
Key Terms
restricted stock units, vest, tax liability, director
4 terms
restricted stock units financial
"Grant of restricted stock units. 100% of the shares subject to the restricted stock unit award shall vest..."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
vest financial
"100% of the shares subject to the restricted stock unit award shall vest on the earlier of..."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
tax liability financial
"Payment of exercise price or tax liability by delivering securities"
director financial
"provided, in each case, that the awardee continues to serve as a director on such date"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Illumina (ILMN) director Caroline Dorsa report in this Form 4?
Caroline Dorsa reported a grant of 2,072 restricted stock units and a separate withholding of 1,512 shares for tax obligations. These are routine compensation-related entries rather than open-market purchases or sales of Illumina common stock.
How do the restricted stock units for Illumina (ILMN) director Caroline Dorsa vest?
All 2,072 restricted stock units vest on the earlier of one year from the grant date or immediately before the next annual stockholder meeting. Vesting requires that Caroline Dorsa continue serving as a director through the applicable vesting date, according to the award terms.