Incyte EVP Disposes of $65K in Shares for Tax Obligations
INCYTE CORP
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Filing Summary
📄 INCYTE CORP (INCY) Insider Transaction
Insider: Basi Ramitpal K (EVP, Human Resources) Transaction: Disposition (Tax Withholding) Shares: 504 Price: $129.72 Total Value: $65,379 Shares Left: 10,993 Significance: Low
This was an automatic sale to cover tax liabilities on vested RSUs.
Comprehensive Analysis
Incyte's EVP of Human Resources, Ramitpal K. Basi, disposed of 504 shares of common stock at $129.72 per share, for a total value of approximately $65,379. The transaction was coded 'F', indicating that the shares were withheld by the issuer to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs). This is a common, non-discretionary transaction and is generally not considered indicative of an insider's sentiment towards the company's future prospects. After the transaction, Basi's direct holdings amount to 10,993 shares, which includes 9,871 shares issuable from previously reported unvested RSUs.
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