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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 26 new employees, representing a total of 22,107 shares of the company's common stock. These awards were made under Incyte's 2024 Inducement Stock Incentive Plan, with a grant date and vesting commencement date of October 1, 2024. The grants were approved by the compensation committee of Incyte's board of directors as an inducement for new employees joining the company, in accordance with Nasdaq Listing Rule 5635(c)(4). The RSUs will vest over a four-year period, with 25% of the shares vesting on each of the first four anniversaries of the vesting commencement date, contingent on the employee's continued service with Incyte.

Incyte (Nasdaq:INCY) ha annunciato l'assegnazione di premi in azioni riservate (RSU) a 26 nuovi dipendenti, che rappresentano un totale di 22.107 azioni delle azioni ordinarie della società. Questi premi sono stati concessi nell'ambito del 2024 Inducement Stock Incentive Plan di Incyte, con una data di concessione e di inizio maturazione fissata al 1 ottobre 2024. I premi sono stati approvati dal comitato per la remunerazione del consiglio di amministrazione di Incyte come incentivo per i nuovi dipendenti che si uniscono all'azienda, in conformità con Nasdaq Listing Rule 5635(c)(4). Le RSU matureranno su un periodo di quattro anni, con il 25% delle azioni che matura in ciascuno dei primi quattro anniversari della data di inizio, a condizione che il dipendente continui a prestare servizio presso Incyte.

Incyte (Nasdaq:INCY) ha anunciado la concesión de premios en unidades de acciones restringidas (RSUs) a 26 nuevos empleados, que representan un total de 22,107 acciones de las acciones ordinarias de la compañía. Estos premios se otorgaron bajo el 2024 Inducement Stock Incentive Plan de Incyte, con una fecha de concesión y una fecha de inicio de adquisición de 1 de octubre de 2024. Las concesiones fueron aprobadas por el comité de compensación de la junta directiva de Incyte como un incentivo para los nuevos empleados que se unen a la empresa, de acuerdo con Nasdaq Listing Rule 5635(c)(4). Las RSUs se adquirirán durante un periodo de cuatro años, con el 25% de las acciones adquiriendo derecho en cada uno de los primeros cuatro aniversarios de la fecha de inicio, condicionado a la continuación del servicio del empleado con Incyte.

Incyte (Nasdaq:INCY)는 26명의 신규 직원에게 제한 주식 단위(RSU) 상을 부여했다고 발표했습니다. 이는 회사의 보통주 22,107주에 해당합니다. 이 상은 Incyte의 2024 유인 재고 인센티브 계획에 따라 부여되었으며, 부여일 및 취득 시작일은 2024년 10월 1일로 설정되어 있습니다. 이 상은 Incyte 이사회 보상위원회에서 승인되어 신규 직원 유입을 위한 유인책으로 지급되었습니다. 이는 Nasdaq Listing Rule 5635(c)(4)에 따라 이루어졌습니다. RSU는 4년 동안 취득되며, 25%의 주식이 취득 시작일의 첫 4주년 마다 취득 조건으로, 직원이 Incyte에 계속 재직해야 합니다.

Incyte (Nasdaq:INCY) a annoncé l'octroi de récompenses en unités d'actions restreintes (RSU) à 26 nouveaux employés, représentant un total de 22 107 actions de l'action ordinaire de la société. Ces récompenses ont été accordées dans le cadre du 2024 Inducement Stock Incentive Plan d'Incyte, avec une date d'octroi et une date de début de vesting fixées au 1er octobre 2024. Les attributions ont été approuvées par le comité des rémunérations du conseil d'administration d'Incyte comme incitation pour les nouveaux employés rejoignant l'entreprise, conformément à la Nasdaq Listing Rule 5635(c)(4). Les RSU arriveront à maturation sur une période de quatre ans, avec 25% des actions arrivant à maturation lors de chacun des quatre premiers anniversaires de la date de début de vesting, sous réserve que l'employé continue son service chez Incyte.

Incyte (Nasdaq:INCY) hat die Vergabe von Restricted Stock Unit Awards (RSUs) an 26 neue Mitarbeiter bekannt gegeben, die insgesamt 22.107 Aktien des Stammkapitals des Unternehmens vertreten. Diese Auszeichnungen wurden im Rahmen des 2024 Inducement Stock Incentive Plan von Incyte vergeben, mit einem Vergabedatum und einem Zeitpunkt für den Beginn der Vesting-Voraussetzungen am 1. Oktober 2024. Die Vergaben wurden vom Vergütungsausschuss des Vorstands von Incyte genehmigt, um neue Mitarbeiter zu incentivieren, die dem Unternehmen beitreten, gemäß Nasdaq Listing Rule 5635(c)(4). Die RSUs erwerben sich über einen Zeitraum von vier Jahren, wobei 25% der Aktien an jedem der ersten vier Jahrestage des Vesting-Beginns fällig wird, abhängig davon, dass der Mitarbeiter weiterhin bei Incyte tätig ist.

Positive
  • Attracting new talent with stock-based compensation
  • Aligning employee interests with company performance through equity grants
Negative
  • Potential dilution of existing shareholders' equity

WILMINGTON, Del.--(BUSINESS WIRE)-- Incyte (Nasdaq:INCY) today announced that it granted restricted stock unit awards (RSUs) representing an aggregate of 22,107 shares of the Company’s common stock to 26 new employees. The awards were made under the Company’s 2024 Inducement Stock Incentive Plan, with a grant date and vesting commencement date of October 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.

Media

media@incyte.com

Investors

ir@incyte.com

Source: Incyte

FAQ

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

Incyte (INCY) granted restricted stock unit awards (RSUs) to 26 new employees on October 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 22,107 shares of the company's common stock.

Under which plan were the RSUs granted by Incyte (INCY)?

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

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

The RSUs vest as to 25% of the shares on each of the first four anniversaries of the vesting commencement date, subject to continued employment with Incyte (INCY).

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Biotechnology
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