Incyte Grants Equity Awards to New Executive Vice President Richard Hoffman

Reuters12-04

Incyte Grants Equity Awards to New Executive Vice President Richard Hoffman

Incyte Corporation has granted equity inducement awards to Richard Hoffman, its new Executive Vice President and General Counsel, under the company's 2024 Inducement Stock Incentive Plan. Hoffman received stock options to purchase 43,301 shares at an exercise price of $102.04 per share, with a ten-year term. The options vest 25% after one year and the remainder in 36 equal monthly installments. Additionally, he was awarded 9,466 restricted stock units, vesting 25% annually over four years, and performance shares targeting 23,665 shares, which may be earned at 0-200% of target based on relative total shareholder return over a three-year period.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Incyte Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20251203882471) on December 03, 2025, and is solely responsible for the information contained therein.

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