Incyte Corp. reported an insider equity-compensation transaction for Tray Thomas, reflecting grants made on July 16, 2026 and disclosed on a Form 4 filed July 20, 2026. The filing describes an award of restricted stock units, or RSUs, tied to Incyte common stock. The RSUs will vest 25% per year over four years and may be settled only in shares of Incyte common stock on a one-for-one basis. Including the July 16, 2026 grant, Thomas is reported as having an aggregate of 13,070 shares of common stock issuable under previously reported RSUs that have not yet vested. The report also notes a July 16, 2026 stock option grant. Those options become exercisable in 37 installments: the first 25% vest after one year, and the remaining portion vests monthly over the following three years. The provided filing text does not specify the number of options granted, the exercise price, or the total beneficial ownership after the transactions. No open-market purchase or sale is described in the provided document text. Instead, the filing appears to report routine insider equity awards as part of compensation, involving RSUs and options with multi-year vesting schedules. The transaction codes, per-security share counts for the new grants, and prices are not included in the supplied excerpt. The filing was signed on Thomas’s behalf by Elizabeth Feeney as attorney-in-fact on July 20, 2026.