Form 4: Incyte Corp Officer Thomas Tray Reports Stock Sales
SEC Form 4 Filing
Principal Accounting Officer Thomas Tray of Incyte Corp. reports selling shares of common stock on September 12th and 13th, 2024.
Summary
- Thomas Tray, Principal Accounting Officer of Incyte Corp, filed a Form 4 detailing changes in beneficial ownership.
- On September 12, 2024, Tray sold 572 shares of common stock at a price of $62.94 per share.
- On September 13, 2024, Tray sold 382 shares of common stock at a price of $63.37 per share.
- Following these transactions, Tray directly owns 24,443 shares of Incyte Corp common stock, including 15,406 shares issuable pursuant to previously reported restricted stock units that have not vested.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock sales by an officer, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure of stock sales by a company officer, which is a common occurrence in publicly traded companies. It provides transparency to investors regarding insider transactions.
Stakeholder Impact
- The stock sales by an officer could be perceived neutrally or slightly negatively by shareholders, depending on the context and reasons for the sale.
Key Dates
| Date | Description |
|---|---|
| August 2, 2024 | Date of Power of Attorney execution. |
| 09/12/2024 | Date of first stock sale transaction. |
| 09/13/2024 | Date of second stock sale transaction. |
| 09/16/2024 | Date of signature on the Form 4 filing. |
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