Incyte President Pablo Cagnoni Withholds 25,469 Shares for Taxes

What Happened
Pablo J. Cagnoni, President and Global Head of R&D at Incyte Corp (INCY), had 25,469 shares withheld to satisfy tax withholding obligations related to previously reported restricted stock units. The withholding occurred on 2026-06-01 at a per-share value of $95.59, representing proceeds of approximately $2,434,582. This was a tax-withholding disposition (coded "F"), not an open-market sale.

Key Details

• Transaction date: 2026-06-01; Filing date (Form 4): 2026-06-03 (timely).
• Price and value: 25,469 shares × $95.59 = $2,434,582.
• Transaction type: F — shares withheld automatically to satisfy tax withholding on vested RSUs (disposition).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes:
  • F1: Shares were automatically withheld by the issuer to meet tax withholding obligations at settlement of RSUs.
  • F2: The filing notes an aggregate of 213,078 shares issuable under previously reported RSUs and earned performance shares that have not vested.

Context
This was a cashless tax-withholding event tied to RSU vesting, a routine administrative transaction that reduces the insider's share count to cover taxes and is not the same as a voluntary market sale. While the withheld shares represent roughly $2.43M in value, such withholdings are common and do not by themselves indicate insider sentiment about the company's stock.