Denton Sheila A.

Denton Sheila A., EVP & General Counsel, has demonstrated a consistent pattern of selling activity in Incyte Corporation (INCY) shares over recent months, with no recorded purchases since at least mid-2025. Her transactions, totaling $2.34 million in sales against $1.05 million in buys historically, reflect a clear divestment trend. Notably, all 11 of her most recent trades since July 2025 were sales, including multiple dispositions in August, September, and October. The largest single transaction occurred on October 3, 2025, when she sold $299,475.54 worth of INCY shares, followed by a $270,056.40 sale the previous day. Smaller but regular sales—often paired with "M"-coded transactions likely representing tax withholdings—appear systematic, with amounts typically ranging between $23,000 and $60,000. The frequency and timing of Denton's sales suggest an ongoing reduction in her INCY position, with transactions clustered around the start and middle of each month. For example, she executed sales on August 4 ($45,310.46) and August 15 ($24,046.37), followed by similar disposals in September and November. While some sales may relate to routine financial planning or vesting events, the absence of any offsetting buys and the sustained volume—particularly the six-figure transactions in July and October—indicate a deliberate shift away from equity accumulation. The consistency of these disposals across multiple months underscores a measured but persistent sell-side bias in her trading behavior.