BRAWLEY OTIS W 4
Research Summary
AI-generated summary
Incyte (INCY) Director Otis Brawley Receives 7,753 RSUs
What Happened
- Otis W. Brawley, a director of Incyte Corporation (INCY), was granted a total of 7,753 restricted stock units (RSUs) on June 8, 2026: 1,642 RSUs reported as shares acquired and 6,111 RSUs reported as derivative securities. The grants were reported at $0.00 consideration (typical for RSU awards), meaning no cash was paid. These awards are equity compensation rather than open-market purchases or sales.
Key Details
- Transaction date: 2026-06-08; filing date: 2026-06-10 (timely).
- Grant type/code: A = Award/Grant. Consideration: $0.00 per share (RSU grant).
- Total RSUs granted: 7,753 (1,642 + 6,111).
- Shares owned after transaction: not specified in the Form 4.
- Footnotes:
- F1: RSUs vest in full on the first anniversary of the grant (or earlier at the next regular annual meeting or upon a change of control); RSUs settle one-for-one into common stock.
- F2: The 1,642 figure includes previously reported unvested RSUs.
- F3: Filing also references an option vesting schedule (vesting in full on first anniversary or earlier); this appears to describe another plan element noted in the filing.
- No 10b5-1 plan, tax-withholding sale, or sale/purchase was reported; this is an award grant.
Context
- These RSUs are deferred equity awards that convert into shares if and when they vest; they do not represent an immediate market purchase or sale. For retail investors, grants to directors are common compensation and do not alone signal sentiment about near-term stock moves.
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