Maria E. Pasquale - Jul 2, 2021 Form 4 Insider Report for INCYTE CORP (INCY)

Role: EVP & General Counsel
Signature: /s/ Paul Trower, Attorney-In-Fact
Stock symbol: INCY
Transactions as of: Jul 2, 2021
Transactions value $: -$187,303
Form type: 4
Date filed: 7/7/2021, 04:34 PM
Previous filing: Jun 22, 2021
Next filing: Sep 28, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	INCY	Common Stock	Award	$0	+7.85K	+26.01%	$0.00	38K	Jul 2, 2021	Direct	F1
transaction	INCY	Common Stock	Tax liability	-$187K	-2.24K	-5.89%	$83.58	35.8K	Jul 2, 2021	Direct	F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	INCY	Employee Stock Option (right to buy)	Award	$0	+15.1K		$0.00	15.1K	Jul 2, 2021	Common Stock	15.1K	$83.58	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents award of restricted stock units ("RSUs") that will vest 25% annually over four years, subject to Maria Pasquale's continued service with the issuer through the applicable vesting dates. The RSUs may be settled only for shares of common stock on a one-for-one basis.
F2	Represents shares withheld automatically by the Issuer to satisfy tax withholding obligations due at settlement of restricted stock units or earned performance shares previously reported in Table I as common stock.
F3	Including the July 2, 2021 Restricted Stock Unit Grant, this includes an aggregate of 23,733 shares of common stock issuable pursuant to previously reported restricted stock units and earned performance shares that have not vested.
F4	Beginning July 2, 2021, options become exercisable in 37 installments, with the first 25% vesting after one year and the remainder vesting monthly over three years.