Illumina (ILMN) SVP awarded restricted stock and multi-metric performance units

Rhea-AI Filing Summary

Leckman Patricia reported acquisition or exercise transactions in this Form 4 filing.

Illumina, Inc. executive Patricia Leckman received new equity awards in the form of restricted stock units and performance shares. On March 5, 2026, she was granted 6,317 shares of common stock as restricted stock units that vest in four equal 25% installments each February 15 from 2027 through 2030, subject to continued service.

She was also granted two separate awards of 7,369 performance stock units each. One is tied to Illumina’s three-year average consolidated non-GAAP earnings per share growth for fiscal years 2026–2028, vesting on December 31, 2028. The other is tied to the company’s relative total shareholder return for the fiscal year ending December 31, 2028. For each performance award, the actual shares ultimately issued can range from 0% to 250% of the stated amount, based on the company’s performance against predefined objectives and her continued service.

SEC Form 4

FORM 4

UNITED 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

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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^*

Leckman Patricia

(Last) (First) (Middle)

5200 ILLUMINA WAY

(Street)

SAN DIEGO CA 92122

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ILLUMINA, INC. [ ILMN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, Chief People Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/05/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/05/2026		A		6,317(1)	A	$128.24	22,826(2)	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance Shares	(3)	03/05/2026		A		7,369		(3)	12/31/2028	Common Stock	7,369	$128.24	7,369	D
Performance Shares	(4)	03/05/2026		A		7,369		(4)	12/31/2028	Common Stock	7,369	$128.24	7,369	D

Explanation of Responses:

1. Grant of restricted stock units shall vest as follows: 25% of the shares subject to the award shall vest on each of February 15, 2027, February 15, 2028, February 15, 2029, and February 15, 2030, subject to awardee's continuing status as a service provider on such dates.

2. Balance includes 188 shares acquired through Employee Stock Purchase Plan.

3. Each performance stock unit represents a contingent right to receive one share of common stock based on the Company's three-year average consolidated non-GAAP earnings per share growth for fiscal years 2026-2028 with vesting on December 31, 2028. The number of shares issued will range from 0% to 250% of the amount specified above, based on the Company's actual three-year average consolidated non-GAAP earnings per share growth for fiscal years 2026-2028, relative to pre-defined objectives, subject to awardee's continuing to be a service provider on such dates.

4. Each performance stock unit represents a contingent right to receive one share of common stock based on the Company's relative total shareholder return for the fiscal year ending December 31, 2028. The number of shares issued will range from 0% to 250% of the amount specified above, based on the company's relative total shareholder return for the fiscal year ending December 31, 2028, relative to pre-defined objectives, subject to the awardee's continuing status as a service provider on such dates.

	Robert Maynes for Patricia Leckman	03/09/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What equity awards did Illumina (ILMN) SVP Patricia Leckman receive on March 5, 2026?

Patricia Leckman received restricted stock units and performance stock units on March 5, 2026. The grants include 6,317 restricted stock units and two separate 7,369-unit performance awards, all subject to continued service and specific performance conditions defined by Illumina’s non-GAAP earnings growth and relative total shareholder return.

How do Patricia Leckman’s restricted stock units at Illumina (ILMN) vest?

Leckman’s restricted stock units representing 6,317 shares vest in four equal installments. Twenty-five percent of the shares vest on each of February 15, 2027, 2028, 2029, and 2030, provided she continues as a service provider on each vesting date under the award’s terms.

What performance metrics determine Patricia Leckman’s Illumina (ILMN) performance stock units?

One 7,369-unit performance award depends on Illumina’s three-year average consolidated non-GAAP earnings per share growth for fiscal years 2026–2028. The second 7,369-unit award depends on relative total shareholder return for the fiscal year ending December 31, 2028, versus predefined objectives and continued service.

How many Illumina (ILMN) performance stock units can ultimately vest for Patricia Leckman?

For each 7,369-unit performance stock award, the eventual shares issued can range from 0% to 250% of the specified amount. The final payout depends on Illumina’s performance relative to predefined goals and Leckman’s continued status as a service provider through the relevant performance and vesting dates.

When do Patricia Leckman’s Illumina (ILMN) performance stock units vest?

The earnings-per-share based performance stock units vest on December 31, 2028, after assessing Illumina’s three-year average consolidated non-GAAP earnings per share growth for fiscal years 2026–2028. The total-shareholder-return based performance stock units relate to performance through December 31, 2028, subject to continued service conditions at the specified dates.

What additional share holdings are noted for Patricia Leckman in the Illumina (ILMN) Form 4?

The Form 4 notes that Leckman’s balance of common stock includes 188 shares acquired through Illumina’s Employee Stock Purchase Plan. After the March 5, 2026 grant of 6,317 shares of common stock, her directly held common stock total is reported as 22,826 shares.