WILMINGTON, DE — Incyte (Nasdaq: INCY) announced it granted restricted stock unit awards (RSUs) totaling 33,413 shares of common stock and stock options to purchase 8,951 shares to 60 new employees. The awards were issued under the Company’s 2024 Inducement Stock Incentive Plan, with a grant date and vesting start date of May 1, 2025, and were approved by the compensation committee as an inducement for new hires per Nasdaq Listing Rule 5635(c)(4).
Each RSU vests 25% annually over four years, subject to the employee’s continued service. Stock options, priced at $62.03 per share (equal to the closing price on the grant date), have a ten-year term. They vest 25% after one year, with the remaining 75% vesting in 36 equal monthly installments, contingent on continued employment.
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