WILMINGTON, DE — Incyte (Nasdaq: INCY) has granted equity inducement awards to David H. Gardner, its newly appointed Executive Vice President and Chief Strategy Officer, under the company’s 2024 Inducement Stock Incentive Plan. The awards were approved by the board’s compensation committee in line with Nasdaq Listing Rule 5635(c)(4).
Gardner, who assumed his role on September 22, received stock options to purchase 42,899 shares at $84.73 per share, matching the closing price on the grant date. The options carry a 10-year term and vest 25% after one year, with the balance vesting in monthly installments over the following three years.
He was also awarded 9,429 restricted stock units, vesting in four equal annual installments, and 23,573 performance shares. The performance shares can be earned at 0–200% of target based on Incyte’s relative total shareholder return over a three-year performance period starting January 1, 2025, compared to a fixed peer group.
The equity package underscores Incyte’s commitment to aligning executive incentives with shareholder performance as Gardner takes on a central role in shaping long-term corporate strategy.
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