INCYTE (INCY) director Edmund Harrigan receives new RSUs and stock option grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
INCYTE CORP director Edmund Harrigan received new equity awards as part of his compensation. He was granted 1,642 restricted stock units that settle one-for-one into common shares, bringing his direct common stock holdings to 22,764 shares after the award.
He also received a non-qualified stock option covering 6,111 shares of common stock at an exercise price of $100.64 per share. Both the RSUs and the option vest in full on the first anniversary of the grant date, or earlier upon the next regular annual stockholder meeting or a change of control, with the option expiring on June 7, 2036.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
HARRIGAN EDMUND
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Non Qualfied Stock Option (right to buy) | 6,111 | $0.00 | -- |
| Grant/Award | Common Stock | 1,642 | $0.00 | -- |
Holdings After Transaction:
Non Qualfied Stock Option (right to buy) — 6,111 shares (Direct, null);
Common Stock — 22,764 shares (Direct, null)
Footnotes (1)
- This award of restricted stock units ("RSUs") 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 a change of control (as defined in the RSU plan). The RSUs may be settled only for shares of common stock on a one-for-one basis. Including this grant, this includes an aggregate of 1,642 shares of common stock issuable pursuant to previously reported restricted stock units that have not vested. 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
RSU grant: 1,642 shares
Common stock holdings: 22,764 shares
Option grant size: 6,111 shares
+2 more
5 metrics
RSU grant
1,642 shares
Restricted stock units granted to director on equity award date
Common stock holdings
22,764 shares
Total direct common stock after RSU grant
Option grant size
6,111 shares
Non-qualified stock option covering INCYTE common stock
Option exercise price
$100.64 per share
Conversion or exercise price of non-qualified stock option
Option expiration
June 7, 2036
Expiration date of the non-qualified stock option
Key Terms
restricted stock units ("RSUs"), Non Qualfied Stock Option (right to buy), change of control, annual meeting of the Company's stockholders
4 terms
restricted stock units ("RSUs") financial
"This award of restricted stock units ("RSUs") vests in full on the first anniversary of the date of grant"
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.
Non Qualfied Stock Option (right to buy) financial
"Non Qualfied Stock Option (right to buy) with an exercise price of 100.6400"
change of control financial
"or upon a change of control (as defined in the RSU 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.
annual meeting of the Company's stockholders financial
"or, if earlier, the date of the next regular annual meeting of the Company's stockholders"
FAQ
What insider transaction did INCYTE (INCY) director Edmund Harrigan report?
Edmund Harrigan reported receiving equity awards, not open-market trades. He was granted 1,642 restricted stock units and a non-qualified stock option for 6,111 shares, forming part of his director compensation package tied to future vesting conditions.
What are the key terms of Edmund Harrigan’s new INCYTE stock option?
Harrigan received a non-qualified stock option for 6,111 INCYTE shares at an exercise price of $100.64. The option vests in full on the first anniversary of grant, or earlier upon the next annual stockholder meeting or a change of control, and expires June 7, 2036.
When do Edmund Harrigan’s new INCYTE restricted stock units vest?
The 1,642 restricted stock units vest in full on the first anniversary of the grant date. Vesting can occur earlier if INCYTE’s next regular annual stockholder meeting happens sooner or if a change of control, as defined in the RSU plan, occurs.
Are Edmund Harrigan’s new INCYTE equity awards settled in cash or stock?
The filing states that the restricted stock units may be settled only for INCYTE common stock on a one-for-one basis. The non-qualified stock option, if exercised at $100.64 per share, would also deliver shares of common stock to the holder.
Is Edmund Harrigan’s INCYTE Form 4 a buy or sell signal for investors?
The Form 4 reflects compensation-related grants, not market purchases or sales. Both the RSU and stock option awards are coded as acquisitions (grant or award), meaning they were issued by INCYTE as part of his director compensation rather than open-market trading.