Incyte (INCY) director awarded RSUs and stock options in new grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
INCYTE CORP director Otis W. Brawley received new equity awards as part of his compensation. He was granted 1,642 restricted stock units of common stock that vest in full on the first anniversary of the grant date, or earlier upon the next annual stockholder meeting or a change of control. He also received a non-qualified stock option for 6,111 shares of common stock at an exercise price of $100.64 per share, vesting on the same schedule and expiring on June 7, 2036. Following these awards, his direct common stock holdings total 12,894 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
BRAWLEY OTIS W
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Non Qualfied Stock Option (right to buy) | 6,111 | $0.00 | -- |
| Grant/Award | Common Stock | 1,642 | $0.00 | -- |
Holdings After Transaction:
Non Qualfied Stock Option (right to buy) — 6,111 shares (Direct, null);
Common Stock — 12,894 shares (Direct, null)
Footnotes (1)
- This award of restricted stock units ("RSUs") vests in full on the first anniversary of the date of grant or, if earlier, the date of the next regular annual meeting of the Company's stockholders or upon a change of control (as defined in the RSU plan). The RSUs may be settled only for shares of common stock on a one-for-one basis. Including this grant, this includes an aggregate of 1,642 shares of common stock issuable pursuant to previously reported restricted stock units that have not vested. This option vests in full on the first anniversary of the date of grant, or if earlier, the date of the next regular annual meeting of the Company's stockholders or upon change of control (as defined in the option plan).
Key Figures
Restricted stock units granted: 1,642 shares
Stock options granted: 6,111 options
Option exercise price: $100.64 per share
+3 more
6 metrics
Restricted stock units granted
1,642 shares
RSU award to director on June 8, 2026
Stock options granted
6,111 options
Non-qualified stock option award on June 8, 2026
Option exercise price
$100.64 per share
Strike price for 6,111-share option grant
Option expiration
June 7, 2036
Expiration date of non-qualified stock option
Common shares held after award
12,894 shares
Director’s direct INCYTE common stock holdings post-grant
Underlying shares from option
6,111 shares
Common stock underlying non-qualified stock option
Key Terms
restricted stock units, Non Qualfied Stock Option, change of control, annual meeting of the Company's stockholders
4 terms
restricted stock units financial
"This award of restricted stock units ("RSUs") vests in full on the first anniversary..."
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.
Non Qualfied Stock Option financial
"Non Qualfied Stock Option (right to buy)..."
change of control financial
"or upon a change of control (as defined in the RSU plan)."
A change of control occurs when the ownership or management of a company shifts significantly, such as through a sale, merger, or acquisition, resulting in new leadership or ownership structure. This change can impact the company's direction and decision-making, which is important for investors because it may affect the company's stability, strategy, and future prospects.
annual meeting of the Company's stockholders financial
"or, if earlier, the date of the next regular annual meeting of the Company's stockholders..."
FAQ
What equity awards did INCYTE (INCY) director Otis W. Brawley receive?
Otis W. Brawley received 1,642 restricted stock units and a non-qualified stock option for 6,111 shares. These compensation awards increase his potential ownership in INCYTE common stock, subject to vesting conditions tied to time and corporate events.
When do Otis W. Brawley’s new INCYTE restricted stock units vest?
The 1,642 restricted stock units vest in full on the first anniversary of the grant date. Vesting can occur earlier if INCYTE holds its next regular annual stockholder meeting sooner or if a change of control, as defined in the RSU plan, occurs.
What are the key terms of Otis W. Brawley’s new INCYTE stock option grant?
Brawley received a non-qualified stock option for 6,111 shares of INCYTE common stock at an exercise price of $100.64 per share. The option vests in full after one year or earlier upon the next annual stockholder meeting or a defined change of control.
When does Otis W. Brawley’s new INCYTE stock option expire?
The non-qualified stock option granted to Brawley expires on June 7, 2036. If vested, he may purchase up to 6,111 INCYTE common shares at $100.64 per share any time before that expiration date, subject to plan rules.
How are Otis W. Brawley’s INCYTE restricted stock units settled?
The restricted stock units may be settled only in INCYTE common stock on a one-for-one basis. Once the vesting conditions are satisfied, each RSU converts into one share, providing equity rather than cash as the form of compensation.