Sundar PichaiSundar Pichai earned $164M in 2023

Charles Dadswell took the reins as interim CEO of Illumina, Inc. in June 2023 after the departure of Francis deSouza. Before stepping into this role, he was already a key player at Illumina as the Senior Vice President and General...

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Charles Dadswell

Ex-CEO of Illumina

Field of Expertise

Legal & Compliance - Law

Sector of Economy

Healthcare

CEO of Illumina for

0 years 3 months (Jun 2023 - Sep 2023)

Previous Experience

General Counsel at Illumina, Inc.

Rivals

Competitors/colleagues of Charles Dadswell

Holdings

See how much did Charles Dadswell make over time.

During his tenure, Charles Dadswell's involvement in insider trading highlighted significant fluctuations in his holdings related to Illumina's stock. His transactions show notable peaks; for example, in early 2021, his stock trading activity soared with monthly values reaching as high...

Total Stock Sold

$11.90M

ILMN

$11.90M

54,340 ILMN shares

What if they kept their stock?

If Charles Dadswell didn't sell their stock, today they would have:
Extra ILMN54,340 shares worth $15.27M.
This is 28.35% and $3.37M more than what they got when they sold the stock.

Insider Trading

See recent insider trades of Charles Dadswell.

ILMN

6,683 shares

ILMN

Mar 5, 2024

Received

ILMN

6,926 shares

ILMN

Mar 1, 2023

Received

ILMN

$110.45K

ILMN at $300.13/share

Apr 28, 2022

Sale

ILMN

$126.16K

ILMN at $342.83/share

Mar 28, 2022

Sale

ILMN

2,082 shares

ILMN

Mar 1, 2022

Received

ILMN

$122.45K

ILMN at $380.29/share

Dec 22, 2021

Sale

ILMN

$118.65K

ILMN at $377.86/share

Nov 22, 2021

Sale

ILMN

$129.05K

ILMN at $411.00/share

Oct 22, 2021

Sale

ILMN

$137.12K

ILMN at $436.69/share

Sep 22, 2021

Sale

ILMN

$153.58K

ILMN at $489.10/share

Aug 23, 2021

Sale

Compensation History

See how much did Charles Dadswell make over time.

In 2023, Charles Dadswell's compensation as interim CEO included a total of approximately $4.1 million. His base salary was about $594,231, with a performance-based cash bonus of $200,000. Notably, he received $869,693 from vested stock awards, aligned with the company’s performance metrics. His compensation package also encompassed various other elements, totaling around $214,200, which covered contributions to retirement plans and other benefits. This structure demonstrates a clear philosophy that ties compensation closely to company performance, encouraging leaders to focus on long-term success. Dadswell's additional stipend of $50,000 per month during his interim role emphasizes the board’s recognition of his expanded responsibilities amid a key leadership transition.

Year

2023

Total Compensation

$1.88M

Salary

$594.23K

Board Justification

The compensation philosophy is designed to align executive compensation with company performance, stockholder interests, and retention strategies, ensuring that a significant portion of pay is at risk and tied to performance metrics.

Bonus

$200.00K

Board Justification

Cash bonus for performance-based incentives, reflecting a target opportunity based on company performance against preset annual financial goals.

Other

$214.20K

Board Justification

Includes contributions to 401(k) plans, physical exams, and long-term disability premiums.

Restricted Stock

$869.69K(6.25K RSU)

Board Justification

Stock awards that vested in 2023, consisting of PSUs and RSUs based on performance and time-based vesting schedules.

Performance Metrics

Performance metrics include preset annual financial goals for cash incentives and long-term performance goals for equity awards.