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Incyte Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

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Incyte (Nasdaq:INCY) has announced the granting of restricted stock unit awards (RSUs) to 19 new employees. The awards, totaling 7,009 shares of the company's common stock, were made under Incyte's 2024 Inducement Stock Incentive Plan. The grants have a date of August 1, 2024, and were approved by the compensation committee of Incyte's board of directors in accordance with Nasdaq Listing Rule 5635(c)(4). These RSUs are designed to serve as an inducement for new employees joining the company.

The vesting schedule for the RSUs is structured over four years, with 25% of the shares vesting on each anniversary of the vesting commencement date. This vesting is contingent upon the employee's continued service with Incyte on each vesting date.

Incyte (Nasdaq:INCY) ha annunciato l'assegnazione di premi in azioni vincolate (RSU) a 19 nuovi dipendenti. I premi, per un totale di 7.009 azioni ordinarie dell'azienda, sono stati concessi nell'ambito del Piano di Incentivazione Azionaria 2024 di Incyte. Le assegnazioni hanno data del 1 agosto 2024 e sono state approvate dal comitato per la remunerazione del consiglio di amministrazione di Incyte in conformità con la Regola di Listing Nasdaq 5635(c)(4). Queste RSU sono progettate per fungere da incentivo per i nuovi dipendenti che entrano in azienda.

Il programma di maturazione delle RSU è strutturato su quattro anni, con il 25% delle azioni che maturano in ogni anniversario della data di inizio della maturazione. Questa maturazione è subordinata alla continuazione del servizio del dipendente con Incyte in ciascuna data di maturazione.

Incyte (Nasdaq:INCY) ha anunciado la concesión de premios en acciones restringidas (RSUs) a 19 nuevos empleados. Los premios, que suman un total de 7,009 acciones de las acciones ordinarias de la compañía, se realizaron bajo el Plan de Incentivos de Acciones por Inducción 2024 de Incyte. Las concesiones tienen una fecha del 1 de agosto de 2024 y fueron aprobadas por el comité de compensación de la junta directiva de Incyte de acuerdo con la Regla de Listado Nasdaq 5635(c)(4). Estas RSUs están diseñadas para servir como un incentivo para los nuevos empleados que se unen a la empresa.

El programa de adquisición de las RSUs está estructurado a lo largo de cuatro años, con el 25% de las acciones que se van consolidando en cada aniversario de la fecha de inicio de la adquisición. Esta adquisición está condicionada a la continuidad del servicio del empleado con Incyte en cada fecha de adquisición.

인사이트(Incyte)(Nasdaq:INCY)는 19명의 신규 직원에게 제한주식단위(RSU) 보상을 수여했다고 발표했습니다. 총 7,009주의 보상은 인사이트의 2024 유도 주식 인센티브 계획에 따라 이루어졌습니다. 이 보상은 2024년 8월 1일자로 하며, 인사이트 이사회 보상 위원회에서 Nasdaq 상장 규칙 5635(c)(4)에 따라 승인되었습니다. 이러한 RSU는 회사에 새로 합류하는 직원들을 유도하기 위해 설계되었습니다.

RSU의 취득 일정은 4년 동안 구조화되어 있으며, 취득 시작일의 매 기념일마다 25%의 주식이 취득됩니다. 이 취득은 각 취득일에 직원이 인사이트에서 계속 근무하는 경우에만 가능합니다.

Incyte (Nasdaq:INCY) a annoncé l'octroi d'unités d'actions restreintes (RSU) à 19 nouveaux employés. Les récompenses, totalisant 7 009 actions ordinaires de la société, ont été attribuées dans le cadre du Plan d'Incitation à l'Action 2024 d'Incyte. Les attributions ont une date effective du 1er août 2024 et ont été approuvées par le comité de rémunération du conseil d'administration d'Incyte conformément à la règle de cotation Nasdaq 5635(c)(4). Ces RSU sont conçues pour servir d'incitation aux nouveaux employés rejoignant l'entreprise.

Le calendrier d'acquisition des RSU s'étale sur quatre ans, avec 25 % des actions devenant acquises à chaque anniversaire de la date de début de l'acquisition. Cette acquisition est conditionnée à la continuité du service de l'employé chez Incyte à chaque date d'acquisition.

Incyte (Nasdaq:INCY) hat die Gewährung von eingeschränkten Aktienoptionszuteilungen (RSUs) an 19 neue Mitarbeiter angekündigt. Die Zuteilungen, die insgesamt 7.009 Aktien des Stammkapitals des Unternehmens umfassen, wurden im Rahmen des Incentive-Aktienplans 2024 von Incyte gewährt. Die Zuteilungen haben das Datum vom 1. August 2024 und wurden vom Vergütungsausschuss des Vorstands von Incyte gemäß der Nasdaq-Listing-Regel 5635(c)(4) genehmigt. Diese RSUs sollen als Anreiz für neue Mitarbeiter dienen, die dem Unternehmen beitreten.

Der Vesting-Zeitplan für die RSUs ist über vier Jahre verteilt, wobei 25 % der Aktien an jedem Jahrestag des Vesting-Beginns fällig werden. Diese Vesting ist abhängig von der fortgesetzten Dienstzeit des Mitarbeiters bei Incyte an jedem Vesting-Datum.

Positive
  • Incyte is attracting new talent with stock-based compensation
  • The company is utilizing a structured vesting schedule to promote employee retention
Negative
  • Potential dilution of existing shareholders' stock value due to new share issuance

WILMINGTON, Del.--(BUSINESS WIRE)-- Incyte (Nasdaq:INCY) today announced that it granted restricted stock unit awards (RSUs) representing an aggregate of 7,009 shares of the Company’s common stock to 19 new employees. The awards were made under the Company’s 2024 Inducement Stock Incentive Plan, with a grant date and vesting commencement date of August 1, 2024, and were approved by the compensation committee of the Company’s board of directors as an inducement material to the new employees entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4).

Each RSU vests as to 25% of the shares subject to the RSU on each of the first four anniversaries of the vesting commencement date, subject to the employee's continued service with the Company on each such date.

About Incyte

A global biopharmaceutical company on a mission to Solve On., Incyte follows the science to find solutions for patients with unmet medical needs. Through the discovery, development and commercialization of proprietary therapeutics, Incyte has established a portfolio of first-in-class medicines for patients and a strong pipeline of products in Oncology and Inflammation & Autoimmunity. Headquartered in Wilmington, Delaware, Incyte has operations in North America, Europe and Asia.

For additional information on Incyte, please visit Incyte.com or follow us on social media: LinkedIn, X, Instagram, Facebook, YouTube.

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media@incyte.com



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Source: Incyte

FAQ

How many new employees received RSU grants from Incyte (INCY) on August 1, 2024?

Incyte (INCY) granted restricted stock unit awards to 19 new employees on August 1, 2024.

What is the total number of shares represented by the RSUs granted by Incyte (INCY)?

The RSUs granted by Incyte (INCY) represent an aggregate of 7,009 shares of the company's common stock.

What is the vesting schedule for the RSUs granted by Incyte (INCY) on August 1, 2024?

The RSUs vest 25% annually over four years, with 25% of the shares vesting on each of the first four anniversaries of the vesting commencement date.

Under which plan were the RSUs granted by Incyte (INCY) on August 1, 2024?

The RSUs were granted under Incyte's 2024 Inducement Stock Incentive Plan.

Incyte Genomics Inc

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Biotechnology
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