Incyte Reports Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)
03 Octubre 2024 - 3:30PM
Business Wire
Incyte (Nasdaq:INCY) announced that today it granted an equity
inducement award to Lee Heeson, the Company’s new Executive Vice
President, Incyte International, pursuant to the Company’s 2024
Inducement Stock Incentive Plan. The award was approved by the
compensation committee of the Company’s Board of Directors as an
inducement material to Mr. Heeson entering into employment with the
Company in accordance with Nasdaq Listing Rule 5635(c)(4).
Mr. Heeson received an award of 26,447 restricted stock units
(RSUs) with a grant and vesting commencement date of October 1,
2024.
The RSUs vest as to 25% of the shares subject to the RSUs on
each of the first four anniversaries of the vesting commencement
date, subject to the Mr. Heeson’s continued service with the
Company on each such date.
About Incyte
A global biopharmaceutical company on a mission to Solve On.,
Incyte follows the science to find solutions for patients with
unmet medical needs. Through the discovery, development and
commercialization of proprietary therapeutics, Incyte has
established a portfolio of first-in-class medicines for patients
and a strong pipeline of products in Oncology and Inflammation
& Autoimmunity. Headquartered in Wilmington, Delaware, Incyte
has operations in North America, Europe and Asia.
For additional information on Incyte, please visit Incyte.com or
follow us on social media: LinkedIn, X, Instagram, Facebook,
YouTube.
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