Incyte (INCY) director Edmund Harrigan gets 255-share fully vested stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HARRIGAN EDMUND reported acquisition or exercise transactions in this Form 4 filing.
INCYTE CORP director Edmund Harrigan received 255 shares of common stock as a fully vested restricted stock grant. The shares were issued under Incyte’s Amended and Restated 2010 Stock Incentive Plan in lieu of his quarterly director retainer fees, pursuant to an election intended to comply with Rule 10b5-1. After this grant, he beneficially owns 23,019 shares of common stock, which includes 1,642 shares issuable from previously reported restricted stock units that have not yet vested.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HARRIGAN EDMUND
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 255 | $113.36 | $29K |
Holdings After Transaction:
Common Stock — 23,019 shares (Direct, null)
Footnotes (1)
- Restricted shares issued to the Reporting Person under the Issuer's Amended and Restated 2010 Stock Incentive Plan in lieu of quarterly director retainer fees pursuant to an election by the Reporting Person intended to comply with Rule 10b5-1. Restricted shares are fully vested. This includes an aggregate of 1,642 shares of common stock issuable pursuant to previously reported restricted stock units that have not vested.
Key Figures
Restricted shares granted: 255 shares
Grant reference price: $113.36 per share
Shares owned after transaction: 23,019 shares
+1 more
4 metrics
Restricted shares granted
255 shares
Fully vested grant in lieu of quarterly director retainer fees
Grant reference price
$113.36 per share
Reported price per share for the 255-share restricted stock grant
Shares owned after transaction
23,019 shares
Total beneficial ownership of Incyte common stock following the grant
Unvested RSUs included in ownership
1,642 shares
Shares issuable from previously reported restricted stock units not yet vested
Key Terms
Restricted shares, Amended and Restated 2010 Stock Incentive Plan, Rule 10b5-1, restricted stock units
4 terms
Amended and Restated 2010 Stock Incentive Plan financial
"issued to the Reporting Person under the Issuer's Amended and Restated 2010 Stock Incentive Plan in lieu of quarterly director retainer fees"
Rule 10b5-1 regulatory
"pursuant to an election by the Reporting Person intended to comply with Rule 10b5-1"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
restricted stock units financial
"includes an aggregate of 1,642 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.
FAQ
What insider transaction did Edmund Harrigan report for Incyte (INCY)?
Edmund Harrigan reported receiving 255 shares of Incyte common stock as a restricted stock grant. The grant represents quarterly director retainer fees paid in stock under Incyte’s 2010 Stock Incentive Plan and is classified as a grant or award acquisition rather than an open-market stock purchase.
Was the Incyte (INCY) insider transaction by Edmund Harrigan an open-market buy or a stock award?
The transaction was a stock award, not an open-market purchase. Harrigan received 255 fully vested restricted shares as compensation in lieu of cash director fees, issued under Incyte’s Amended and Restated 2010 Stock Incentive Plan, consistent with a grant/award acquisition classification.
What role does Rule 10b5-1 play in Edmund Harrigan’s Incyte (INCY) stock award?
Harrigan’s election to receive director fees in stock was intended to comply with Rule 10b5-1. This rule allows pre-arranged, formula-based transactions, helping separate routine compensation decisions from discretionary trading and providing more structure and transparency around how and when equity compensation is delivered.