Wenqing Yao - Jul 2, 2021 Form 4 Insider Report for INCYTE CORP (INCY)

Role
EVP, Head of Discovery Chem
Signature
/s/ Wenqing Yao
Stock symbol
INCY
Transactions as of
Jul 2, 2021
Transactions value $
-$280,564
Form type
4
Date filed
7/7/2021, 05:54 PM
Previous filing
Jun 30, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INCY Common Stock Award $0 +7.85K +8.35% $0.00 102K Jul 2, 2021 Direct F1
transaction INCY Common Stock Tax liability -$247K -2.95K -2.9% $83.58 99K Jul 2, 2021 Direct F2
transaction INCY Common Stock Tax liability -$33.8K -405 -0.41% $83.34 98.6K Jul 6, 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 Wenqing Yao'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 58,773 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.