Incyte reports incentive payments pursuant to Nasdaq Listing Rule 5635(c)(4)

Incyte (Nasdaq:INCY) today announced that it has granted restricted stock unit awards (RSUs) to 14 new employees totaling 11,497 shares of the Company's common stock. The awards were made under the Company's 2024 Inducement Stock Incentive Plan with a grant and vesting date of September 3, 2024 and were approved by the Compensation Committee of the Company's Board of Directors as an incentive for the new employees entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4).

For each RSU, 25% of the shares underlying the RSU will vest on the first four anniversaries of the vesting date, subject to the employee's continued service on the applicable date.