Ted Papapostolou - Sep 26, 2024 Form 4 Insider Report for ICAHN ENTERPRISES L.P. (IEP)

Role
Chief Financial Officer, Director
Signature
/s/ Ted Papapostolou
Stock symbol
IEP
Transactions as of
Sep 26, 2024
Transactions value $
-$431,447
Form type
4
Date filed
9/27/2024, 04:40 PM
Previous filing
Mar 24, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IEP Depository Units Options Exercise +28.5K 28.5K Sep 26, 2024 Direct F1, F2, F4
transaction IEP Depository Units Disposed to Issuer -$431K -28.5K -100% $15.13 0 Sep 26, 2024 Direct F4, F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction IEP Deferred Depositary Units Options Exercise $0 -28.5K -50% $0.00 28.5K Sep 26, 2024 Depositary Units 28.5K Direct F1, F2
transaction IEP Deferred Depositary Units Disposed to Issuer $0 -2.06K -100% $0.00 0 Sep 26, 2024 Depositary Units 2.06K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents deferred depositary units ("Deferred Depositary Units") previously granted pursuant to the Icahn Enterprises L.P. 2017 Long-Term Incentive Plan. Each Deferred Depositary Unit represents the equivalent of one Depositary Unit representing a limited partner interest in Icahn Enterprises L.P. (the "Issuer"). The Deferred Depositary Units were originally scheduled to vest on December 9, 2024.
F2 In connection with the Issuer entering into an employment letter agreement ("Employment Letter") dated September 26, 2024, with the Reporting Person, a prorated number of such Deferred Depositary Units (together with any dividend equivalents credited with respect to such vested Deferred Units) vested through and including September 26, 2024 (the "Effective Date") and will be settled in cash in accordance with the Deferred Unit Agreement, less applicable tax and payroll withholdings.
F3 In connection with the Employment Letter, the Reporting Person agreed to, among other things, forfeit any unvested Deferred Depositary Units (together with any dividend equivalents credited with respect to such unvested Deferred Units) that did not vest in accordance with the foregoing.
F4 Depositary Units representing limited partnership interests in the Issuer.
F5 The reported price excludes credited dividend equivalents.