INCYTE director exercises 15,000 stock options
INCYTE CORP director Jean-Jacques Bienaimé reported routine equity compensation activity.
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Form Type
4
Rhea-AI Filing Summary
INCYTE CORP director Jean-Jacques Bienaimé reported routine equity compensation activity. On May 26, 2026, he exercised 15,000 shares of non-qualified stock options at an exercise price of $84.53 per share, converting an option award into common stock.
On the same date, 13,059 shares of common stock were automatically withheld by the company at $97.10 per share to cover the cost of exercising the option and related tax obligations, rather than being sold in the open market. The filing also notes previously reported restricted stock units that have not yet vested.
Insider Trade Summary 10b5-1
15,000 shares exercised/converted
Exercise
3 txns
Insider
BIENAIME JEAN JACQUES
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock Option (right to buy) | 15,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 15,000 | $84.53 | $1.27M |
| Exercise Price or Tax Liability | Common Stock | 13,059 | $97.10 | $1.27M |
Holdings After Transaction:
Non-Qualified Stock Option (right to buy) — 0 contracts (Direct);
Common Stock — 22,782 shares (Direct)
Footnotes (3)
- F1. Represents shares withheld automatically by the Issuer to satisfy the payment of the cost of exercise the option award previously reported in Table I as common stock.
- F2. Includes an aggregate of 2,518 shares of common stock issuable pursuant to previously reported restricted stock units that have not vested.
- F3. 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
Options exercised: 15,000 shares
Option exercise price: $84.53/share
Shares withheld for taxes: 13,059 shares
+4 more
7 metrics
Options exercised
15,000 shares
Non-qualified stock option exercise on May 26, 2026
Option exercise price
$84.53/share
Exercise price for 15,000-share option
Shares withheld for taxes
13,059 shares
Tax-withholding disposition at $97.10 per share
Withholding reference price
$97.10/share
Price used for 13,059-share tax withholding
Tax-withholding transactions
1 transaction, 13,059 shares
Summary taxWithholdingCount and taxWithholdingShares
Derivative exercises
1 exercise, 15,000 shares
Summary exerciseCount and exerciseShares
Unvested RSUs
2,518 shares
Shares issuable from restricted stock units not yet vested
Key Terms
Non-Qualified Stock Option (right to buy), tax-withholding disposition, derivative security, restricted stock units, +1 more
5 terms
Non-Qualified Stock Option (right to buy) financial
"security_title: "Non-Qualified Stock Option (right to buy)""
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
restricted stock units financial
"Includes an aggregate of 2,518 shares of common stock issuable pursuant to previously reported restricted stock units"
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.
change of control financial
"or upon change of control (as defined in the option 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did INCYTE CORP (INCY) report for Jean-Jacques Bienaimé?
INCYTE CORP reported that director Jean-Jacques Bienaimé exercised 15,000 non-qualified stock options into common stock. The same filing shows shares were withheld automatically to cover the exercise cost and taxes rather than sold in the open market.
How many INCYTE (INCY) options did Jean-Jacques Bienaimé exercise and at what price?
Jean-Jacques Bienaimé exercised 15,000 non-qualified stock options for INCYTE common stock at an exercise price of $84.53 per share. This converted his derivative award into shares as part of routine equity compensation activity disclosed in the Form 4 filing.
Does the INCYTE (INCY) Form 4 show a tax-withholding disposition for Jean-Jacques Bienaimé?
Yes. The filing reports a transaction coded “F” for 13,059 shares of INCYTE common stock at $97.10 per share. A footnote explains these shares were withheld automatically to cover the option exercise cost and associated taxes, not discretionary selling.
What type of derivative security did Jean-Jacques Bienaimé exercise at INCYTE (INCY)?
He exercised a non-qualified stock option, described as a right to buy INCYTE common stock. The option covered 15,000 underlying shares at an exercise price of $84.53 and was fully exercised, converting the derivative award into common shares on May 26, 2026.
Does the INCYTE (INCY) Form 4 mention any unvested restricted stock units for Jean-Jacques Bienaimé?
A footnote states that his holdings include 2,518 INCYTE shares issuable under previously reported restricted stock units that have not yet vested. These units represent additional potential equity, separate from the stock option exercise reported in this Form 4.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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