Incyte President Pablo J. Cagnoni Sells Shares for Tax Withholding

What Happened

• Pablo J. Cagnoni, President and Global Head of R&D at Incyte (INCY), had company shares withheld to satisfy tax withholding related to restricted stock units / earned performance shares. Two withholding transactions totaled 22,919 shares and approximately $2.63 million in value.
• Details: 17,969 shares were withheld on 2026-07-14 at $114.88 each (≈ $2,064,279) and 4,950 shares were withheld on 2026-07-15 at $115.09 each (≈ $569,696). These were withholding dispositions, not open-market sales for investment purposes.

Key Details

• Transaction dates & prices: 2026-07-14 — 17,969 shares @ $114.88; 2026-07-15 — 4,950 shares @ $115.09.
• Aggregate shares withheld: 22,919; aggregate cash value: ≈ $2,633,975.
• Shares owned / unvested: filing notes an aggregate 169,797 shares issuable pursuant to previously reported RSUs and earned performance shares that have not vested (footnote F2).
• Footnote F1: These were shares automatically withheld by the issuer to satisfy tax withholding obligations at settlement of RSUs / earned performance shares.
• Timeliness: Filing dated 2026-07-16; transactions occurred 2026-07-14 and 2026-07-15 — the Form 4 was filed within the standard reporting window (not flagged as late).

Context

• This was a routine tax-withholding disposition (common when RSUs vest) rather than a voluntary open-market sale; such transactions typically reflect tax settlement mechanics, not a direct signal of the insider’s view on the stock.
• For retail investors, purchases or open-market sales by insiders are generally more informative than withholding transactions; treat this filing as administrative rather than an investment decision.