Incyte Corp (INCY) awards options and performance shares to EVP
Rhea-AI Filing Summary
Incyte Corp EVP and Head of Incyte International Heeson Lee received new equity awards on July 23, 2026: 15,423 employee stock options at a $116.69 exercise price, expiring in 2036, and 13,498 performance shares, all reported as directly owned.
The options vest 25% after one year, then monthly over three years. Each performance share represents up to 200% of one common share, earned on relative total shareholder return over a three-year period starting January 1, 2026, with earned shares vesting on the third grant anniversary.
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Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Heeson Lee
Role
EVP, Head of Incyte Intl
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Option (right to buy) F1 | 15,423 | $0.00 | $0.00 |
| Grant/Award | Performance Shares F2 | 13,498 | $0.00 | $0.00 |
Holdings After Transaction:
Employee Stock Option (right to buy) — 15,423 shares (Direct);
Performance Shares — 13,498 shares (Direct)
Footnotes (2)
- F1. The July 23, 2026 options become exercisable in 37 installments, with the first 25% vesting after one year and the remainder vesting monthly over three years.
- F2. Each performance share represents the right to receive up to 200% of one share of common stock. Such shares may be earned based upon the issuer's relative total shareholder return ("TSR") over a three-year performance period beginning on January 1, 2026 as compared to the TSR of companies in a fixed peer group, as set forth in the Performance Share Award Agreement. The earned shares will vest on the third anniversary of the grant date subject to the Reporting Person's continued service with the issuer.
Key Figures
Stock options granted: 15,423 options
Option exercise price: $116.69 per share
Option expiration: 2036-07-22
+4 more
7 metrics
Stock options granted
15,423 options
Employee stock options granted on July 23, 2026
Option exercise price
$116.69 per share
Exercise price for employee stock options
Option expiration
2036-07-22
Expiration date of employee stock options
Performance shares granted
13,498 performance shares
Performance share award on July 23, 2026
Performance share payout multiple
Up to 200% of one share
Maximum shares deliverable per performance share based on TSR
Performance period start
January 1, 2026
Start of three-year TSR performance period for performance shares
Option vesting schedule
25% after one year; remainder monthly over three years
Time-based vesting for stock options
Key Terms
Employee Stock Option, Performance Shares, relative total shareholder return ("TSR"), fixed peer group, +1 more
5 terms
Employee Stock Option financial
"The July 23, 2026 options become exercisable in 37 installments"
An employee stock option is a promise that lets a worker buy company shares later at a predetermined price, often after they stay for a certain period or meet performance goals — think of it like a coupon that locks in today's price for a future purchase. It matters to investors because options align employees’ incentives with company performance, can increase the number of shares outstanding (dilution) when exercised, and represent a compensation cost that affects reported profits and shareholder value.
fixed peer group financial
"as compared to the TSR of companies in a fixed peer group"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity awards did Incyte (INCY) grant to EVP Heeson Lee?
Incyte granted EVP Heeson Lee 15,423 employee stock options at a $116.69 exercise price and 13,498 performance shares. Both awards relate to common stock and are reported as directly owned.
What are the vesting terms of Heeson Lee’s new Incyte (INCY) stock options?
The options vest 25% after one year, with the remaining 75% vesting monthly over three years. This creates a four-year vesting schedule tied to Lee’s continued service with the company.
What is the exercise price and expiration date of Heeson Lee’s Incyte (INCY) options?
The employee stock options have a $116.69 exercise price and an expiration date in 2036. These options give Lee the right to buy Incyte common stock at that fixed price if and when they vest and are exercised.
Are Heeson Lee’s new Incyte (INCY) awards time-based, performance-based, or both?
The stock options are primarily time-based, vesting over four years, while the performance shares are performance-based, earned on relative total shareholder return over three years, with vesting on the third anniversary of the grant.