Incyte Corp (INCY) awards RSUs, options and performance shares to EVP
Rhea-AI Filing Summary
INCYTE CORP executive Richard A. Hoffman, EVP & General Counsel, received multiple equity awards on July 16, 2026. He was granted 7,395 restricted stock units vesting 25% annually over four years, bringing unvested RSU-linked common shares to 16,861. He also received options on 31,923 shares at an exercise price of $116.65 expiring July 15, 2036, vesting 25% after one year and then monthly over three years, plus 18,487 performance shares that can pay up to 200% of one common share each based on relative TSR over a three-year period starting January 1, 2026.
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Insider Trade Summary
Net Buyer: 7,395 shares
Net Buy
3 txns
Insider
Hoffman Richard A.
Role
EVP & General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Shares F3 | 18,487 | $0.00 | $0.00 |
| Grant/Award | Employee Stock Option (right to buy) F4 | 31,923 | $0.00 | $0.00 |
| Grant/Award | Common Stock F1, F2 | 7,395 | $0.00 | $0.00 |
Holdings After Transaction:
Performance Shares — 18,487 shares (Direct);
Employee Stock Option (right to buy) — 31,923 shares (Direct);
Common Stock — 16,861 shares (Direct)
Footnotes (4)
- F1. Represents award of restricted stock units ("RSUs") that will vest 25% annually over four years. The RSUs may be settled only for shares of common stock on a one-for-one basis.
- F2. Including the July 16, 2026 grant, this includes an aggregate of 16,861 shares of common stock issuable pursuant to previously reported restricted stock units that have not vested.
- F3. 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.
- F4. The July 16, 2026 options become exercisable in 37 installments, with the first 25% vesting after one year and the remainder vesting monthly over three years. Remarks:
Key Figures
RSUs Granted: 7,395 shares
Unvested RSU-Linked Shares: 16,861 shares
Stock Options Granted: 31,923 options
+5 more
8 metrics
RSUs Granted
7,395 shares
Restricted stock units awarded to Richard A. Hoffman on July 16, 2026
Unvested RSU-Linked Shares
16,861 shares
Common shares issuable from previously reported RSUs that have not vested, including new grant
Stock Options Granted
31,923 options
Employee stock options awarded July 16, 2026 to buy common stock
Option Exercise Price
$116.65 per share
Exercise price for the 31,923 employee stock options
Option Expiration Date
July 15, 2036
Expiration for the July 16, 2026 employee stock option grant
Performance Shares Granted
18,487 performance shares
Performance share award tied to relative total shareholder return
Performance Share Payout Cap
200% of one share
Maximum common stock per performance share if TSR goals are fully achieved
TSR Performance Period
3-year period beginning January 1, 2026
Measurement window for relative total shareholder return on performance shares
Key Terms
restricted stock units ("RSUs"), Performance Shares, relative total shareholder return ("TSR"), fixed peer group, +1 more
5 terms
restricted stock units ("RSUs") financial
"Represents award of restricted stock units ("RSUs") that will vest 25% annually"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
fixed peer group financial
"as compared to the TSR of companies in a fixed peer group, as set forth"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity awards did Incyte (INCY) EVP Richard A. Hoffman receive on July 16, 2026?
Richard A. Hoffman received 7,395 RSUs, 31,923 stock options with a $116.65 exercise price, and 18,487 performance shares. All awards are tied to Incyte common stock and vest over multi-year schedules based on service and, for performance shares, TSR goals.
How do Richard A. Hoffman’s new RSUs from Incyte (INCY) vest?
The 7,395 restricted stock units (RSUs) vest in 25% annual installments over four years. They may be settled only in Incyte common stock on a one-for-one basis, increasing his potential share ownership as tranches vest over time.
What are the key terms of Richard A. Hoffman’s new Incyte (INCY) stock options?
Hoffman received 31,923 employee stock options with a $116.65 exercise price, expiring July 15, 2036. The first 25% become exercisable after one year, with the remaining options vesting in monthly installments over the following three years.