Incyte (NASDAQ: INCY) HR chief holds 10,993 shares after tax withholding
Rhea-AI Filing Summary
INCYTE CORP (INCY) reported an insider equity transaction by Ramitpal K. Basi, EVP, Human Resources. On 2026-08-25, 504 shares of common stock were withheld automatically to satisfy tax withholding obligations upon settlement of previously granted restricted stock units. After this tax-withholding disposition, Basi held 10,993 shares directly, including 9,871 unvested restricted stock unit shares issuable as they vest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 504 shares
Net Sell
1 txn
Insider
Basi Ramitpal K
Role
EVP, Human Resources
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1, F2 | 504 | $129.72 | $65K |
Holdings After Transaction:
Common Stock — 10,993 shares (Direct)
Footnotes (2)
- F1. Represents shares withheld automatically by the Issuer to satisfy tax withholding obligations due at settlement of restricted stock units previously reported in Table I as common stock.
- F2. This includes an aggregate of 9,871 shares of common stock issuable pursuant to previously reported restricted stock units that have not vested.
Key Figures
Shares withheld for tax withholding obligations: 504 shares
Transaction price per share: $129.72 per share
Total shares held after transaction: 10,993 shares
+1 more
4 metrics
Shares withheld for tax withholding obligations
504 shares
Common stock withheld on 2026-08-25 to satisfy tax obligations at RSU settlement
Transaction price per share
$129.72 per share
Price applied to the 504 shares withheld for tax obligations
Total shares held after transaction
10,993 shares
Direct INCY common stock holdings following the 2026-08-25 transaction
Unvested restricted stock unit shares
9,871 shares
Common stock issuable under previously reported RSUs that have not vested
Key Terms
restricted stock units, tax withholding obligations, settlement
3 terms
restricted stock units financial
"settlement of restricted stock units previously reported in Table I as common stock"
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"
settlement financial
"tax withholding obligations due at settlement of restricted stock units"
Settlement is the process of completing a financial transaction, like buying or selling a stock, by transferring money and ownership between parties. It ensures that both the buyer gets the asset and the seller gets paid, making the deal official. Without settlement, the transaction wouldn't be finalized or legally recognized.
FAQ
What insider transaction did INCYTE CORP (INCY) report for Ramitpal K. Basi?
INCYTE reported that EVP, Human Resources Ramitpal K. Basi had 504 shares of common stock withheld on 2026-08-25 to cover tax withholding obligations upon settlement of previously granted restricted stock units.
Was the INCY Form 4 transaction a sale by Ramitpal K. Basi on the open market?
No. The Form 4 states the 504 shares were withheld automatically by Incyte to satisfy tax withholding obligations due at settlement of restricted stock units, not an open-market sale.
AI-generated analysis. How Rhea-AI works. Not financial advice.