ILLUMINA, INC. 4

Illumina CCO Michael C. Sullivan received 4,503 time-based RSUs and two performance share unit awards of 5,254 target shares each on August 5, 2026 as equity compensation.

On August 5, 2026, Illumina, Inc. Chief Commercial Officer Michael C. Sullivan received an equity compensation package consisting of 4,503 shares of common stock underlying time-based restricted stock units (RSUs) valued at approximately $900,000 at an indicated grant price of $199.87 per share, along with two separate performance share unit (PSU) awards of 5,254 performance shares each, both initially recorded at a zero exercise/transaction price because they are contingent rights rather than immediate share issuances. The RSU grant vests in four equal annual installments (25% per year) on each of the first through fourth anniversaries of the grant date, contingent on continued service. One PSU grant will vest based on Illumina’s three-year average consolidated non-GAAP EPS growth for fiscal years 2026–2028, while the other PSU grant will vest based on relative total shareholder return through December 31, 2028, with each PSU award delivering between 0% and 250% of the target 5,254 shares based on performance and continued employment. Following these awards, Sullivan directly holds 4,503 time-based RSUs plus the two 5,254-share PSU awards as contingent rights, implying a target award value of roughly $2.0 million at the grant price, excluding any upside from potential performance-based overachievement.

Filing Facts

CIK

1110803

Ticker

ILMN

Form

4

Source Type

sec

Accession

0001110803-26-000169

Alert Tier

5