Incyte Corporation has announced a new equity inducement plan for its newly appointed President and Chief Executive Officer, Bill Meury, under the Nasdaq Listing Rule 5635(c)(4). The plan includes stock options to purchase 110,630 shares, restricted stock units (RSUs) for 36,101 shares, and performance shares with a target of 108,303 shares, all set to commence vesting in 2025. Additionally, Mr. Meury received a one-time sign-on award of performance shares with a target of 125,000 shares, contingent on significant stock price performance over a six-year period. These awards are part of a comprehensive package designed to align Mr. Meury's incentives with the company's performance and long-term shareholder value.
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