Dhingra Ankur 4
4 · ILLUMINA, INC. · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
Illumina (ILMN) CFO Ankur Dhingra Receives Stock Awards
What Happened
Ankur Dhingra, Chief Financial Officer of Illumina, received three equity awards on March 5, 2026, reported on a Form 4 filed March 9, 2026. The grant details: 9,358 restricted stock units (RSUs) valued at $128.24/share ($1,200,070), plus two performance stock unit (PSU) awards of 10,918 units each at $128.24/share (each valued at $1,400,124), for a combined reported value of $4,000,318. These were grant/award (code A) transactions, not open-market purchases or sales.
Key Details
- Transaction date: 2026-03-05; Form 4 filed: 2026-03-09 (timely within SEC rules).
- Price used: $128.24 per share; total reported value ≈ $4,000,318.
- Awards: 9,358 RSUs (time-based); 10,918 PSUs (performance-based) x 2 (derivative awards). Total target units = 31,194.
- Vesting/conditions: RSUs vest 25% annually on Feb 15 in 2027–2030 (F1). PSUs vest Dec 31, 2028 and payout ranges from 0%–250% based on (a) three‑year non‑GAAP EPS growth (F2) and (b) relative total shareholder return for 2028 (F3).
- Shares owned after transaction: not specified in the filing.
- Transaction code: A = Award/Grant; two PSU entries were reported as derivative awards (contingent on performance).
Context
These grants are standard executive compensation: time‑based RSUs provide retention through multi-year vesting, while PSUs depend on company performance and may pay out between 0% and 250% of target. Because these are awards (not purchases or sales), they reflect compensation decisions rather than direct insider buying/selling sentiment.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-05$128.24/sh+9,358$1,200,070→ 34,264 total - Award
Performance Shares
[F2]2026-03-05$128.24/sh+10,918$1,400,124→ 10,918 totalExp: 2028-12-31→ Common Stock (10,918 underlying) - Award
Performance Shares
[F3]2026-03-05$128.24/sh+10,918$1,400,124→ 10,918 totalExp: 2028-12-31→ Common Stock (10,918 underlying)
Footnotes (3)
- [F1]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.
- [F2]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.
- [F3]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.