WILMINGTON, DE — Incyte (Nasdaq: INCY) has granted equity inducement awards to Soni Basi, the company’s newly appointed Executive Vice President and Chief Human Resources Officer. The awards were issued under Incyte’s 2024 Inducement Stock Incentive Plan and approved by the board’s compensation committee as part of her hiring package, in line with Nasdaq listing rules.
The package, granted on August 25, includes stock options to purchase 29,230 shares at $84.76 each, restricted stock units covering 6,506 shares, and performance shares with a target of 16,265 shares. The stock options will vest over four years, beginning with 25% after the first year. The RSUs will vest in four equal annual installments, while the performance shares will be tied to Incyte’s relative shareholder return over a three-year period, with potential payout ranging from zero to 200% of target.
All awards remain subject to Basi’s continued employment with the company.
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