Illumina Director Keith Meister Receives Shares in Lieu of Retainer Fees

Transaction Overview

On September 30, 2026, Keith A. Meister, a Director of Illumina, Inc. ($ILMN), acquired 107 shares of Common Stock directly at a price of $219.8037 per share, totaling approximately $23,519.

Transaction Details & Mechanics

• Nature of Transaction: This transaction represents an award (Code A) resulting from Mr. Meister's election to receive 100% of his 2026 board and committee retainer fees in Illumina stock rather than cash.
• Pricing Formula: The share count was determined by dividing the cash compensation payable for the third quarter of 2026 by the volume-weighted average closing price of Illumina common stock across trading days during the quarter.
• Post-Transaction Holdings: Following this transaction, Mr. Meister directly holds 6,887 shares. In addition, private investment funds managed by Corvex Management LP (where Mr. Meister controls the general partner) indirectly hold 770,350 shares of Illumina common stock.

Market & Strategic Significance

• Significance Level: Low.
• Context: The transaction is part of standard director compensation and reflects an election to take equity over cash, signaling continued alignment with shareholders. Because the volume (107 shares) is modest and non-discretionary in open-market terms, it does not convey actionable directional insider sentiment.