BIENAIME JEAN JACQUES 4
4 · INCYTE CORP · Filed May 28, 2026
Research Summary
AI-generated summary of this filing
INCY Director Jean Jacques Bienaime Exercises Options
What Happened
Jean Jacques Bienaime (Director) exercised 15,000 stock options on 2026-05-26, at an exercise price of $84.53 per share for a total exercise cost of $1,267,950. The issuer withheld 13,059 of the newly issued shares to satisfy the exercise cost and tax withholding (reported as a disposition valued at $97.10 per share, $1,268,029). Net shares issued to Bienaime after withholding: 1,941. The filing also records the option conversion line (derivative conversion recorded at $0.00), which is a routine reporting entry.
Key Details
- Transaction date: 2026-05-26; Form 4 filed 2026-05-28 (timely filing).
- Option exercise: 15,000 shares exercised at $84.53/share (total $1,267,950).
- Withholding/tax payment: 13,059 shares withheld at $97.10/share (reported disposition $1,268,029).
- Net shares received by insider: 1,941 shares (15,000 − 13,059).
- Shares owned after transaction: not specified in the filing.
- Footnotes: F1 — shares automatically withheld by the issuer to satisfy exercise/tax payment; F2 — filing’s beneficial ownership figure includes 2,518 unvested RSU shares; F3 — the option vests in full on the first anniversary of grant, or earlier at the next regular annual meeting or upon a change of control.
- Transaction codes: M = option exercise/conversion; F = shares withheld for payment/taxes. No 10b5-1 plan or gift reported.
Context
This was an option exercise with company share withholding (a cashless-style settlement) to cover exercise costs and tax obligations — a common, routine way insiders exercise equity awards. Withheld shares were returned to the issuer rather than sold on the open market; the transaction does not represent an open-market sale to third parties and should be read as routine compensation/exercise activity rather than a directional bet on the stock.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-05-26$84.53/sh+15,000$1,267,950→ 35,841 total - Tax Payment
Common Stock
[F1][F2]2026-05-26$97.10/sh−13,059$1,268,029→ 22,782 total - Exercise/Conversion
Non-Qualified Stock Option (right to buy)
[F3]2026-05-26−15,000→ 0 totalExercise: $84.53Exp: 2026-05-26→ Common Stock (15,000 underlying)
Footnotes (3)
- [F1]Represents shares withheld automatically by the Issuer to satisfy the payment of the cost of exercise the option award previously reported in Table I as common stock.
- [F2]Includes an aggregate of 2,518 shares of common stock issuable pursuant to previously reported restricted stock units that have not vested.
- [F3]This option vests in full on the first anniversary of the date of grant, or if earlier, the date of the next regular annual meeting of the Company's stockholders or upon change of control (as defined in the option plan).