Morrissey Michael James 4

What Happened

• Michael James Morrissey, EVP and Head of Technical Operations at Incyte, received a grant of 7,426 restricted stock units (RSUs) on 2026-01-16 (grant price $0.00).
• On 2026-01-20, 429 shares were withheld to satisfy tax withholding obligations at an effective value of $102.62 per share (total ~$44,024). The grant itself is an award (not an open-market purchase or sale); the withholding is a routine disposition to cover taxes.

Key Details

• Transaction dates and amounts:
  • 2026-01-16: Award/Grant of 7,426 RSUs (A) — $0.00 per share
  • 2026-01-20: Shares withheld for tax (F) — 429 shares @ $102.62 = $44,024
• Vesting and settlement: RSUs vest 25% annually over four years and settle one-for-one in common stock (Footnote F1).
• Post-transaction unvested awards: Including this grant, Morrissey has an aggregate of 25,198 shares of common stock issuable under previously reported unvested RSUs and earned performance stock units that have not vested (Footnote F3).
• Withholding note: The 429-share disposition was automatic withholding to satisfy tax obligations at settlement (Footnote F2).
• Filing timing: The Form 4 was filed 2026-01-21 (five calendar days after the Jan 16 grant); Form 4s are generally due within two business days, so this filing may be later than typical.

Context

• This was an equity award grant (compensation), not an insider purchase or open-market sale; such grants are routine for executives and reflect compensation rather than a direct market sentiment signal.
• The withheld shares were used to cover taxes at settlement (a common cashless-type step) and do not indicate a discretionary sale by the insider.