Form 4: Incyte Corp Director Susanne Schaffert Reports Changes in Beneficial Ownership

Director Susanne Schaffert reports acquisition and disposal of Incyte Corp stock and stock options.

Summary

• On June 12, 2024, Susanne Schaffert, a director of Incyte Corp, reported changes in beneficial ownership of the company's stock.
• Schaffert disposed of 752 shares of common stock at a price of $59.94 to satisfy tax withholding obligations.
• She also acquired 2,830 restricted stock units (RSUs) that vest on the first anniversary of the grant date, the next annual meeting, or a change of control.
• Including the new grant, Schaffert holds an aggregate of 5,720 shares of common stock, including 2,830 issuable pursuant to unvested RSUs.
• Schaffert also acquired 12,517 non-qualified stock options with an exercise price of $59.94, vesting on the first anniversary of the grant date, the next annual meeting, or a change of control.
• Following these transactions, Schaffert beneficially owns 12,517 derivative securities.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document primarily reports transactions related to stock ownership and compensation.

Positives

• The acquisition of restricted stock units and stock options indicates a continued alignment of the director's interests with the company's long-term performance.

Future Outlook

The restricted stock units and stock options vest based on future events such as the anniversary of the grant date, the next annual meeting, or a change of control, indicating a focus on long-term incentives.

Industry Context

Form 4 filings are routine disclosures for corporate insiders and provide transparency into their transactions, which can be informative for investors.

Stakeholder Impact

• The transactions may have a minor impact on shareholders by slightly altering the ownership structure.

Key Dates