Basi Ramitpal K 4
4 · INCYTE CORP · Filed Jul 20, 2026
Research Summary
AI-generated summary of this filing
Incyte EVP Ramitpal Basi Receives Equity Awards
What Happened
Ramitpal K. Basi, EVP, Human Resources of Incyte Corp (INCY), was granted a mix of restricted stock units and performance-based awards on July 16, 2026 totaling 39,018 shares. The filing shows: 4,991 RSUs (settle one-for-one for common stock) and two derivative awards of 12,479 and 21,548 shares. All awards were granted at $0.00 (no cash paid). These are awards/grants (transaction code A), not open-market purchases or sales.
Key Details
- Transaction date: July 16, 2026; Form 4 filed July 20, 2026 (timely within SEC two-business-day rule).
- Awards reported: 4,991 RSUs; 12,479 derivative RSUs; 21,548 performance-based shares — total 39,018 shares. Reported price: $0.00 for all (award/grant).
- Vesting and payout mechanics (from footnotes):
- The 4,991 RSUs vest 25% annually over four years and settle one-for-one in common stock.
- One derivative category includes previously reported unvested RSUs — an aggregate of 11,497 shares remain unvested (per footnote).
- Performance shares: each performance share can pay out up to 200% of one share based on Incyte’s relative total shareholder return (TSR) vs. a fixed peer group over a three-year performance period beginning Jan 1, 2026; earned shares vest on the third anniversary subject to continued service.
- Another footnote describes an option vesting schedule (37 installments; 25% after one year then monthly over three years) — the filing shows awards/grants, not an option exercise.
- Shares owned after the transaction: not specified in the filing.
- No sales, purchases, cashless exercises, or tax-withholding dispositions reported in this filing.
Context
These awards are compensation grants (common for executives) and do not involve an open-market purchase or sale. Performance shares carry variable payout (0–200% per share) and will only convert to shares if performance goals are met and the reporting person remains employed through the vesting date. Such grants signal long-term incentive alignment but are routine components of executive compensation and not a direct buy/sell market signal.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-07-16+4,991→ 11,497 total - Award
Performance Shares
[F3]2026-07-16+12,479→ 12,479 totalExp: 2029-07-16→ Common Stock (12,479 underlying) - Award
Employee Stock Option (right to buy)
[F4]2026-07-16+21,548→ 21,548 totalExercise: $116.65Exp: 2036-07-15→ Common Stock (21,548 underlying)
Footnotes (4)
- [F1]Represents award of restricted stock units ("RSUs") that will vest 25% annually over four years. The RSUs may be settled only for shares of common stock on a one-for-one basis.
- [F2]Including the July 16, 2026 grant, this includes an aggregate of 11,497 shares of common stock issuable pursuant to previously reported restricted stock units that have not vested.
- [F3]Each performance share represents the right to receive up to 200% of one share of common stock. Such shares may be earned based upon the issuer's relative total shareholder return ("TSR") over a three-year performance period beginning on January 1, 2026 as compared to the TSR of companies in a fixed peer group, as set forth in the Performance Share Award Agreement. The earned shares will vest on the third anniversary of the grant date subject to the Reporting Person's continued service with the issuer.
- [F4]The July 16, 2026 options become exercisable in 37 installments, with the first 25% vesting after one year and the remainder vesting monthly over three years. Remarks: