INCYTE (INCY) CMO has 2,177 shares withheld to cover equity award taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
INCYTE CORP chief medical officer Steven H. Stein reported an automatic share withholding to cover taxes tied to equity compensation. On this Form 4, 2,177 shares of common stock were withheld at an indicated value of $116.86 per share to satisfy tax withholding obligations when restricted stock units or earned performance shares settled.
After this tax-withholding disposition, Stein directly holds 76,150 shares of common stock. Footnote disclosure adds that his position also includes 73,591 shares of common stock underlying previously reported restricted stock units and earned performance shares that have not yet vested. This event reflects compensation-related tax treatment rather than an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Stein Steven H
Role
CMO & Head of Late-Stage Dev.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,177 | $116.86 | $254K |
Holdings After Transaction:
Common Stock — 76,150 shares (Direct, null)
Footnotes (1)
- Represents shares withheld automatically by the Issuer to satisfy tax withholding obligations due at settlement of RSUs or earned performance shares previously reported in Table I as common stock. This includes an aggregate of 73,591 shares of common stock issuable pursuant to previously reported restricted stock units and earned performance shares that have not vested.
Key Figures
Shares withheld for taxes: 2,177 shares
Implied value per share: $116.86 per share
Shares held after transaction: 76,150 shares
+1 more
4 metrics
Shares withheld for taxes
2,177 shares
Tax-withholding disposition on common stock
Implied value per share
$116.86 per share
Value used for tax-withholding disposition
Shares held after transaction
76,150 shares
Direct common stock holdings following disposition
Unvested RSUs and performance shares
73,591 shares
Common stock issuable under unvested awards
Key Terms
restricted stock units, earned performance shares, tax withholding obligations, Form 4, +1 more
5 terms
restricted stock units financial
"shares withheld automatically by the Issuer to satisfy tax withholding obligations due at settlement of RSUs or earned performance shares"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"shares withheld automatically by the Issuer to satisfy tax withholding obligations due at settlement of RSUs"
Form 4 regulatory
"INCYTE CORP chief medical officer Steven H. Stein reported an automatic share withholding on this Form 4"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
non-derivative financial
"transaction is reported as non-derivative common stock with a tax-withholding disposition code F"
FAQ
What insider transaction did INCYTE CORP (INCY) report for Steven H. Stein?
INCYTE CORP reported that Steven H. Stein had 2,177 shares of common stock withheld to cover tax obligations on settling stock awards. The transaction is classified as a tax-withholding disposition rather than an open-market purchase or sale.
Was Steven H. Stein’s INCYTE (INCY) Form 4 transaction an open-market sale?
The filing shows no open-market sale. Instead, 2,177 shares were automatically withheld by INCYTE to satisfy tax withholding obligations when restricted stock units or earned performance shares settled as common stock.
What do the unvested equity awards for Steven H. Stein at INCYTE (INCY) include?
Footnotes explain that Steven H. Stein’s holdings include 73,591 shares of common stock issuable under previously reported restricted stock units and earned performance shares. These shares have not yet vested and therefore are not currently outstanding stock.