Morrissey Michael James 4
4 · INCYTE CORP · Filed Feb 4, 2026
Research Summary
AI-generated summary of this filing
Incyte EVP Michael Morrissey Withholds 185 Shares for Taxes
What Happened
Morrissey Michael James, EVP and Head of Technical Operations at Incyte (INCY), had 185 shares withheld on 2026-02-02 to satisfy tax withholding obligations related to the settlement of previously reported restricted stock units. The shares were recorded at $102.67 each for a total value of $18,994. This is a tax-withholding disposition (code F), not an open-market sale.
Key Details
- Transaction date: 2026-02-02; filing date: 2026-02-04.
- Shares withheld/disposed: 185 at $102.67 each; total value reported $18,994.
- Transaction code: F — shares withheld to satisfy tax withholding on vested RSUs.
- Shares owned after the transaction: not specified in the provided filing.
- Footnote F1: Shares were automatically withheld by the issuer to satisfy tax withholding on settled RSUs.
- Footnote F2: Filing notes an aggregate of 22,560 shares issuable from previously reported RSUs and earned PSUs that have not vested.
Context
Withholding shares to cover taxes is a routine administrative step when restricted stock units vest; it is typically recorded as a disposition but does not necessarily indicate the insider is selling shares on the open market or signaling a change in sentiment. The filing also notes a separate pool of unvested RSUs/PSUs (22,560 shares) that could vest in the future.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2]2026-02-02$102.67/sh−185$18,994→ 34,065 total
Footnotes (2)
- [F1]Represents shares withheld automatically by the Issuer to satisfy tax withholding obligations due at settlement of restricted stock units previously reported in Table I as common stock.
- [F2]This includes an aggregate of 22,560 shares of common stock issuable pursuant to previously reported restricted stock units and earned performance stock units that have not vested.