INCYTE (INCY) EVP Mayes has 350 shares withheld to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
INCYTE CORP executive Patrick A. Mayes had 350 shares of common stock withheld by the company to cover tax obligations tied to restricted stock units. The withholding price was $116.86 per share. After this non-market tax-withholding event, he directly holds 59,661 shares of common stock.
A footnote also notes 58,730 additional shares are issuable from unvested restricted stock units, which are not yet settled into common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Mayes Patrick A
Role
EVP & Chief Scientific Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 350 | $116.86 | $41K |
Holdings After Transaction:
Common Stock — 59,661 shares (Direct, null)
Footnotes (1)
- 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. Includes an aggregate of 58,730 shares of common stock issuable pursuant to previously reported restricted stock units that have not vested.
Key Figures
Shares withheld for taxes: 350 shares
Withholding share value: $116.86 per share
Direct holdings after transaction: 59,661 shares
+1 more
4 metrics
Shares withheld for taxes
350 shares
Common stock withheld to satisfy RSU tax obligations
Withholding share value
$116.86 per share
Value used for tax-withholding disposition
Direct holdings after transaction
59,661 shares
Common stock directly owned after tax withholding
Unvested RSU-linked shares
58,730 shares
Common stock issuable from unvested restricted stock units
Key Terms
restricted stock units, tax withholding obligations, common stock issuable, tax-withholding disposition
4 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"
common stock issuable financial
"includes an aggregate of 58,730 shares of common stock issuable pursuant to previously reported restricted stock units"
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.
FAQ
What insider transaction did INCYTE CORP (INCY) report for Patrick A. Mayes?
INCYTE CORP reported that Patrick A. Mayes had 350 common shares withheld to satisfy tax obligations on settling restricted stock units. This was an automatic company withholding, not an open-market trade, and reflects routine tax handling of equity compensation.
Was the INCYTE CORP (INCY) transaction a stock sale by Patrick A. Mayes?
The transaction was not an open-market sale by Patrick A. Mayes. It was a tax-withholding disposition, where INCYTE CORP automatically withheld 350 shares to pay taxes due on restricted stock units that were settling into common shares.
What restricted stock units are outstanding for Patrick A. Mayes at INCYTE CORP (INCY)?
A footnote states that Patrick A. Mayes has 58,730 shares of common stock issuable from previously reported restricted stock units that have not vested. These units represent potential future shares, subject to vesting conditions being met over time.
Does the INCYTE CORP (INCY) filing indicate any option exercises by Patrick A. Mayes?
The filing does not show any option exercises for Patrick A. Mayes. It only reports a tax-withholding disposition of 350 common shares tied to settlement of restricted stock units, with no derivative exercises listed in the derivative transaction summary.