Incyte (INCY) director Edmund Harrigan takes 269-share grant in fees
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 269 shares of common stock as a fully vested restricted stock award. The shares were issued under Incyte’s Amended and Restated 2010 Stock Incentive Plan in lieu of quarterly director retainer fees, pursuant to a pre-arranged Rule 10b5-1 election. After this grant, he directly holds 21,122 shares of common stock, which includes 2,518 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
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 269 | $94.12 | $25K |
Holdings After Transaction:
Common Stock — 21,122 shares (Direct)
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 2,518 shares of common stock issuable pursuant to previously reported restricted stock units that have not vested.
Key Figures
Restricted shares granted: 269 shares
Grant value per share: $94.12 per share
Shares held after transaction: 21,122 shares
+1 more
4 metrics
Restricted shares granted
269 shares
Fully vested award in lieu of quarterly director retainer fees
Grant value per share
$94.12 per share
Reported fair market value on the grant date
Shares held after transaction
21,122 shares
Total direct common stock holdings following the grant
Unvested RSU-linked shares
2,518 shares
Common stock issuable from previously reported unvested restricted stock units
Key Terms
Restricted shares, Amended and Restated 2010 Stock Incentive Plan, Rule 10b5-1, restricted stock units, +1 more
5 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"
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
"shares of common stock issuable pursuant to previously reported restricted stock units that have not vested"
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.
quarterly director retainer fees financial
"in lieu of quarterly director retainer fees pursuant to an election by the Reporting Person"
FAQ
What insider transaction did INCYTE (INCY) director Edmund Harrigan report?
Edmund Harrigan reported receiving 269 shares of Incyte common stock as a fully vested restricted stock grant. The award was issued under the company’s 2010 Stock Incentive Plan in lieu of his quarterly director retainer fees.
Was the INCYTE (INCY) stock grant to Edmund Harrigan part of a 10b5-1 plan?
Yes. The restricted shares were issued pursuant to an election intended to comply with Rule 10b5-1. This indicates the equity compensation was pre-arranged under a formal trading plan rather than being timed at Harrigan’s discretion.
What price was used for the restricted stock grant to INCYTE (INCY) director Edmund Harrigan?
The 269 restricted shares were valued at $94.12 per share for reporting purposes. This per-share value is used in the Form 4 disclosure to show the fair market value of the equity compensation awarded on the transaction date.
What unvested equity does INCYTE (INCY) director Edmund Harrigan still have outstanding?
Harrigan’s holdings include 2,518 shares of Incyte common stock issuable from previously reported restricted stock units that have not vested. These RSUs represent additional future share delivery once their vesting conditions under the incentive plan are satisfied.