Form 4: Icahn Enterprises CFO Ted Papapostolou Reports Changes in Beneficial Ownership Following Employment Letter Agreement

Ted Papapostolou, CFO of Icahn Enterprises L.P., reports the vesting and forfeiture of deferred depositary units following an employment letter agreement.

Summary

• On September 26, 2024, Ted Papapostolou, the CFO of Icahn Enterprises L.P., reported changes in his beneficial ownership of the company's securities.
• These changes are related to an employment letter agreement entered into on the same date.
• As part of the agreement, a prorated number of previously granted deferred depositary units vested, and the unvested units were forfeited.
• 28,516 deferred depositary units vested and will be settled in cash.
• 2,063 unvested deferred depositary units were forfeited.
• The vested depositary units were priced at $15.13, excluding credited dividend equivalents.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it primarily reports transactions related to executive compensation. There are no explicit positive or negative implications for the company's performance.

Negatives

• Ted Papapostolou forfeited 2,063 unvested deferred depositary units.

Future Outlook

Settlement of vested deferred depositary units in cash.

Industry Context

This filing reflects changes in executive compensation and ownership, which is a common occurrence in publicly traded companies. The vesting and forfeiture of deferred depositary units are part of the company's long-term incentive plan.

Stakeholder Impact

• The vesting of deferred depositary units impacts the CFO's compensation and ownership stake in the company.
• Shareholders may be interested in changes to executive compensation.

Next Steps

• Settlement of vested deferred depositary units in cash.

Key Dates